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Below-Market Rate Loans and Real Estate Consulting
As of August 2007, IFF has sponsored three bond issues totaling nearly $50 million to enable Noble Network of Charter Schools and UNO Charter School Network in Chicago to open seven new campuses. The Wachovia Award for Innovation in Fianace was presented to IFF in November 2006 at the Opportunity Finance Network Annual Conference to acknowledge the design and impact of the Charter Schools Capital Program.
IFF Charter School Clients
Questions? Contact Jill Levine, Director of School Services, at (312) 596-5108. |
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Related Pages and Information Report on 2007 Financing the Future Conference [PDF 1.3mb] Chicago Sun-Times Article (Nov. 19, 2006) [PDF 18kb] Impact Report on Inaugural Bond Issue [PDF 49kb]
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The Charter School Capital Program has provided loans up to $1 million since 1996. In 2006 IFF designed a program to finance larger amounts of capital through tax-exempt bonds, using a federal grant from the U.S. Department of Education's Credit Enhancement for Charter School Facilities Grants Program. Financing is available for real estate acquisition, construction, renovation, repairs and maintenance, and to purchase equipment or furnishings. 
