LIIF provided a $4.7 million construction and mini-permanent loan to Believe Memphis Academy to serve more students and help the school secure a permanent location. Believe Memphis Academy is a high performing school in Tennessee that has a strong commitment to racial equity, diverse staff and a student body made up of nearly 100% students of color. Among other equity goals, the school is aiming to produce a new curriculum, in which at least 50% is written by people of color.
At capacity, the school will serve 518 students. This loan is part of LIIF’s Tennessee Charter Pilot program that provides flexible lending terms to charter schools, enhanced through a grant from the U.S. Department of Education.