The Facilities Investment Fund (FIF), a partnership between the Walton Family Foundation and Civic Builders, is designed to expand access to affordable facilities financing for high-potential public charter schools nationwide.
Too often, educators seeking to build or expand school facilities cannot secure affordable financing.
The Walton Family Foundation and Civic Builders designed and steward FIF as an innovative option for excellent charter schools—particularly those in the earliest stages of operation.
FIF Loan Details
FIF offers public charter schools five-year fixed-rate loans for new construction, refinancing, acquisition, and facility renovation. FIF loans feature flexible terms and below-market interest rates, size up to $25 million, and can fund up to 100% of project costs.
FIF Loan Details
FIF offers public charter schools five-year fixed-rate loans for new construction, refinancing, acquisition, and facility renovation. FIF loans feature flexible terms and below-market interest rates, size up to $25 million, and can fund up to 100% of project costs.
FIF Predevelopment Fund
In our commitment to supporting charter schools with essential capital even earlier in their growth, FIF introduced a predevelopment loan option for expenses associated with a school facility project. Eligible applicants include authorized schools, with a focus on schools in their first charter term, including Year 0 schools. More mature schools will be considered pending availability of funds.
Key Product Details:
- Available to all authorized charter schools
- Up to 36-month loan term
- Below-market interest rates
- Capitalized for first 24 months
- Eligible costs include but are not limited to appraisals, market studies, legal costs, project management, fees, etc.
FIF Predevelopment Fund
In our commitment to supporting charter schools with essential capital even earlier in their growth, FIF introduced a predevelopment loan option for expenses associated with a school facility project. Eligible applicants include authorized schools, with a focus on schools in their first charter term, including Year 0 schools. More mature schools will be considered pending availability of funds.
Key Product Details:
- Available to all authorized charter schools
- Up to 36-month loan term
- Below market interest rates
- Capitalized for first 24 months
- Eligible costs include but are not limited to appraisals, market studies, legal costs, project management, fees, etc.
Charter Schools Use FIF Loans For:
FIF Impact
Loans target supporting schools with limited access to affordable capital
Early-stage schools
Year 0 schools
Schools educating
a high % of scholars
eligible for free or
reduced-price lunch
Non-network operators
35
Schools Supported
24,950
Student Seats
$310
Million in loans to date
