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ERIC Number: ED541302
Record Type: Non-Journal
Publication Date: 2004-May
Pages: 12
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: N/A
Building a Foundation for Success: How Authorizers Can Help Schools with the Facilities Challenge. Authorizer Issue Brief. Number 2
Halsband, Robin; Hassel, Bryan C.
National Association of Charter School Authorizers (NJ1)
One of the single biggest challenges for a charter school is securing financing for an adequate facility. While a stellar building provides no guarantee that a school will be a success, having adequate facilities that at least meet the needs of an academic program without robbing the budget can go a long way toward creating an environment conducive to learning. Many charter schools, however, have struggled to obtain even adequate facilities at a reasonable cost. Some have failed to open altogether due to facilities challenges. Authorizers are limited in the direct support and resources they can provide for charter schools' capital needs. Nevertheless, they can and do play an important role in the relationship between charter schools and financial institutions that provide facilities financing. This brief will explore the ways in which authorizers can, indirectly and directly, affect a school's ability to obtain the financing necessary for a schoolhouse. Part I examines the indirect impact: how the quality of the authorizer, as perceived by a financial institution, can affect loan decisions. Part II considers the direct, proactive roles that some authorizers have taken to help schools meet their facilities financing needs. (Contains 9 resources.)
National Association of Charter School Authorizers. 105 West Adams Street Suite 3500, Chicago, IL 60603. Tel: 312-376-2300; Fax: 312-376-2400; Web site: http://www.qualitycharters.org
Publication Type: Reports - Evaluative
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: Department of Education (ED)
Authoring Institution: National Association of Charter School Authorizers