Community Development and Charter School Finance

Chapman and Cutler attorneys have helped develop unique structured finance transactions for a variety of community development, charter school, and non-profit lending institutions. We have experience in financing charter schools through tax-exempt bonds, revolving credit facilities, and warehouse financings. We understand the unique capabilities and needs of non-profit lending institutions, allowing us to apply securitization and structured finance technology to provide much needed capital for low-income communities and charter schools. We have represented investors, investment banks, and state finance authorities in numerous tax-exempt charter school municipal bond offerings.

Our experience includes:

• representing administrative agents and lenders in a variety of secured and unsecured credit facilities, including various revolving warehouse facilities, for the development, construction, and improvement of charter schools; representing the lender in connection with a conduit combining tax-exempt bonds and asset-backed securitizations to finance the construction, development, and improvement of charter schools; and representing the administrative agent and lead lender on a mortgage origination and financing program for a non-profit community development fund;
• representing the administrative agent and lead lender on a series of senior loans to community development financial institutions to finance neighborhood stabilization, energy efficiency retrofits, public education, and access to fresh foods and health care projects in targeted inner cities;
• representing the administrative agents and lead lenders on leveraged equity investments involving New Markets Tax Credits and community development loans and charter schools;
• representing the trustee in the securitization of state payments owed to charter schools; and
• representing the lenders on a wide variety of revolving credit facilities involving both secured and unsecured lines of credit and warehousing for affordable housing and low income housing tax credit syndicators.

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