Green Dot 27th Street
LIIF provided New Markets Tax Credits (NMTCs) and led additional financing to enable Green Dot Public Schools to acquire a permanent facility for two of its schools, the Animo Ralph Bunche Charter High School and the Animo Jefferson Charter Middle School, in Los Angeles, California. The schools currently serve more than 1,000 students in grades 6-12, 99% of whom receive free and reduced-price lunches. The campus features 48 classrooms, a library, a multipurpose room and administration offices across two buildings. Green Dot, a high-performing charter management organization, operates 18 schools serving 8,300 students, 94% of whom are from low income families. The project was funded through the JPMorgan Chase NMTC Fund for High-Performing Charter Schools.
Project Details
- Impact
- 1,155 students served
75,000 square feet of LEED-certified school space - Financing
- $10 million New Markets Tax Credit (NMTC) allocation with JPMorgan Chase
$2.2 million leverage loan - Partners
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- JPMorgan Chase
- NCB Capital Impact
- ExEd
More Information
New Markets Tax Credits
