Partnership between CSDC and EFF to Empower High-Impact Charter Schools in Underserved Communities
, /PRNewswire/ — The Charter Schools Development Corporation (CSDC) and the Equitable Facilities Fund (EFF) are proud to announce the launch of the Catapult Fund, a groundbreaking new loan fund designed to offer flexible, affordable financing to high-impact public charter schools traditionally underserved by conventional lenders. This joint initiative leverages the expertise of both organizations to break down financial barriers for these unique public schools, particularly those led by leaders of color and schools serving economically disadvantaged students.
The Catapult Fund combines CSDC’s decades of experience in real estate development and charter school financing with EFF’s A-rated credit platform. Together, the partnership provides schools with customized loan products for development, construction, and operations at interest rates significantly lower than those available through other mission-aligned lenders.
Charter schools often face significant challenges in securing the necessary funding to support their growth and sustainability. The Catapult Fund addresses these …