Capital for Education

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LIIF helps schools operate stable, sustainable learning environments by providing educational organizations and school developers with flexible and affordable financing. LIIF provides high-performing charter schools with loans for new facilities and for rehabilitation and green retrofits to existing facilities. LIIF also provides financing for schools through New Markets Tax Credit transactions and tax-exempt bond issues. Read below for information about our products supporting educational opportunities.

For more information about our work to increase educational opportunities for low income youth, read about our Education Program.

Education Products

Revolving Loan Fund

Through its Revolving Loan Fund (RLF), LIIF provides predevelopment, acquisition, construction and term financing to nonprofit and for-profit charter school developers. RLF funds may cover the closing costs and capitalized interest reserve, if necessary.

Loan Terms
Acquisition: Up to 3 years
Construction: Up to 2 years
Mini-Perm: Up to 10 years
Contacts
Eastern Region
Kirsten Shaw, Director, Eastern Region, kshaw@liifund.org

Central Region
Melissa Garcia, Director, Central Region and Washington, D.C., mgarcia@liifund.org

Western Region
Cecile Chalifour, Director, California Region, cchalifour@liifund.org
Download the Education Financing Term Sheet

Revenue Anticipation Note

The Revenue Anticipation Note (RAN) is a short-term bond financing program for high-performing California charter schools that face temporary cash flow challenges associated with state budget delays. Borrowers can access low-cost working capital to bridge deferred cash flows for a single fiscal year. The RAN allows great schools to stay open, keeping students learning and staff working.

Eligibility
Financing is available to California multi-school charter management organizations and single-school operators with strong track records
Loan Size
$250,000 – $15,000,000
Contact
Amy Laughlin, Director, National New Markets Tax Credits, alaughlin@liifund.org
Download more information about the RAN

New Markets Tax Credits

LIIF uses its allocation of New Market Tax Credits (NMTCs) to support projects that bring economic development and essential services, such as charter schools, to low income neighborhoods nationwide. NMTCs have proven to be a useful tool in providing financing for large-scale charter school construction or rehabilitation projects.
More information about New Markets Tax Credits