IFF is the only one-stop shop in the Midwest offering affordable financing and real estate services at every stage of school development.
IFF was among the first community development financial institutions in the nation to provide below-market rate financing specifically for charter schools and has gained national recognition for its innovative use of U.S. Department of Education credit enhancement grants to finance charter school projects.
Schools in certain markets can rely on IFF for help with the full spectrum of their real estate needs—IFF’s expertise ensures projects are well-planned, well-placed, and well-constructed.
Through its public policy and research initiatives and technical assistance to charter school authorizers, IFF is a recognized leader in strengthening school reform efforts and improving the landscape in which today’s schools operate.
IFF offers schools the following services:
Financing Services
IFF Loans
- Capital for projects ranging from $10,000 to $1.5 million
- Terms of up to 15 years
- Funding for predevelopment and start-up costs
Credit Enhancement of Bonds and Investor Pools
- Capital for projects over $1.5 million
- Low tax-exempt interest rates
- Terms of up to 30 years
- 100% financing available
- Leased or owned facilities
**Click here for Charter School Credit Enhancement Program FAQs.
Financial Packaging
- IFF can Identify and coordinate with other financial institutions and funding programs to partner with IFF
Real Estate Consulting Services
Project Feasibility
- Development of a preliminary program and space plan
- Project budget and financial feasibility analysis
Project Pre-Development
- Site identification and evaluation
- Selection and management of land or building purchase
Owner's Representative
- Selection and coordination of architect and contractors
- oversight of design and construction
IFF Schools Borrowers and Clients
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llinois
Academy for Global Citizenship
ACE Technical Charter School
Alain Locke Charter School
Amandla Charter School
American Quality Schools
Asian Human Services
Aspira Inc of Illinois
Betty Shabazz International Charter School
Chicago Academy of the Arts
Chicago Charter School Foundation
Chicago Jesuit Academy
Chicago Jewish Day School
The Chicago Math and Science Academy Charter School, Inc.
Chicago Public Schools
Chicago Virtual Charter School
Chicago West Side Christian School
Comer Foundation
Community Capital Services
Community Christian Alternative Academy
Community Services West
Erie Elementary Charter School
Evanston School District 65
Galapagos Charter School
Galapagos Rockford Charter School NFP
Giant Steps Illinois, Inc.
Grace and Peace Community Church
Homan Square Power House
Illinois Network of Charter Schools
Instituto del Progreso Latino
Jane Addams High School
Keystone Montessori School
KIPP Ascend Charter School
L.E.A.R.N. Charter School
Legacy Charter School
Lighthouse Academies
Montessori Private Academy, Inc.
Namaste Charter School
Noble Network of Charter Schools
North Lawndale College Prep Charter School
Northwestern University Settlement Association
Patriots Gateway Community Center
Perspectives Charter School
Puerto Rican Cultural Center
Samaritas, Inc
Telpochcalli School and Community Center
University of Chicago Charter School Corporation
UNO Charter School Network, Inc.
Vincent Gray Academy
Young Women's Leadership Charter High School
Youth Connection Charter School
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Indiana
Anderson Preparatory Academy
The Bloomington Project School
Charter Schools Development Corporation
Drexel Foundation for Educational Excellence, Inc
Duneland Charter School, Inc.
East Chicago Lighthouse Facility LLC
Galileo Charter School
Indiana Schools of Excellence, Inc.
International School of Columbus, Inc.
Irvington Community School
KIPP LEAD College Prep Charter School
The Project School
Stonegate Early College High School
Missouri
Academie Lafayette Charter School
Brookside Day School
Carondelet Leadership Academy Charter
City Garden Montessori Charter School
Della Lamb Community Services
Ewing Marion Kauffman Foundation
Gateway Science Academy
Hogan Preparatory Academy
Hope Academy
KIPP Inspire Academy
St. Louis Language Immersion Schools
South City Preparatory Academy
Washington University
Wisconsin
Carmen High School of Science and Technology
CEO Leadership Academy
Child Development Center of St. Joseph’s
Day Care Services for Children, Inc.
Downtown Montessori Academy
Highland Community School
Hmong American Peace Academy
HOPE Christian Schools, Inc.
HR Academy
La Causa
Lighthouse Academies
Milwaukee College Preparatory School
Rocketship Education
Seeds of Health, Inc.
St. Anthony School
St. Marcus Lutheran School
V.E. Carter Development
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To learn more about our schools work or to discuss our services, please contact IFF's Director of School Services, Tanya Vartivarian, at 866 629 0060 or via email.
Please click here to download a print-ready overview of IFF’s work for schools.
