News in Brief

Gates Foundation to Help Charters With Bond Guarantees for Facilities

Article Tools
  • PrintPrinter-Friendly
  • EmailEmail Article
  • ReprintReprints
  • CommentsComments

The Bill & Melinda Gates Foundation last week announced plans to help expand the Houston charter school sector by providing $30 million in bond guarantees to leverage financing for facilities at favorable terms.

The first beneficiary is KIPP Houston, a local network of Knowledge Is Power Program charter schools that is using the assistance to access $67 million in tax-exempt bonds for expansion plans.

Other charter organizations in Houston, such as YES Prep Public Schools, will have the option of making use of the financing as well. Getting money for school facilities has long been seen as one of the toughest barriers for growing the charter sector.

Vol. 29, Issue 12, Page 4

Published in Print: November 18, 2009, as Gates Foundation to Help Charters With Bond Guarantees for Facilities
Related Stories
Notice: We recently upgraded our comments. (Learn more here.) If you are logged in as a subscriber or registered user and already have a Display Name on, you can post comments. If you do not already have a Display Name, please create one here.
Ground Rules for Posting
We encourage lively debate, but please be respectful of others. Profanity and personal attacks are prohibited. By commenting, you are agreeing to abide by our user agreement.
All comments are public.

Back to Top Back to Top

Most Popular Stories