PCSD Closes Loans for Charter School Partners
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Creating Long-Term Homes for High-Quality Charter Schools
APRIL 2024
In this Issue
FEATURED
PCSD Closes Loan for Tejano Center (TX)
PCSD Secures Financing for CWC LA (CA)
SCHOOL HIGHLIGHTS
Leadership Public Schools (CA)
Bloom Academy (TX)
OUR PEOPLE
PCSD Team Gathers in Long Beach
Greetings!
March was an exceptionally busy month for us, and we couldn't be more excited to share some incredible news with you.
We're delighted to announce the successful closure of two loans. We've finalized NMTC loans with Tejano Center for Community Concerns to support the acquisition and transformation of Raul Yzaguirre Schools for Success (RYSS) STEM Academy in Pasadena, Texas. Additionally, we've secured financing for CWC West Valley in Los Angeles, California. We look forward to seeing the ongoing positive impact these initiatives will have on their respective communities.
After five years, the PCSD team reunited in Long Beach for a retreat. This gathering provided us with a valuable opportunity to reconnect and strategize on how we can best continue our mission of addressing systemic inequality in education.
Keep an eye out for more updates and inspiring stories from the PCSD community.
Warmly,
John Sun
FEATURED
PCSD Closes NMTC Loan for Tejano Center
PCSD has secured New Markets Tax Credit (NMTC) financing for the Tejano Center for Community Concerns to acquire and revamp a site for Raul Yzaguirre Schools for Success (RYSS) STEM Academy in Pasadena, Texas. RYSS is expanding to serve PreK-5th grade by fall 2024, with eventual plans to encompass PreK-8th grade. With PCSD's credit enhancement, alongside our lending partners Raza Development Fund, Chase Community Equity, Sunflower Bank, and Equitable Facilities Fund (EFF), the project is set to fulfill Tejano Center's vital community mission.
PCSD Secures Financing for CWC LA
PCSD is thrilled to announce that we have recently closed financing for CWC West Valley. The loan will allow the construction of a new 9,000 sqft building adjacent to the sports field which will add 6 new classrooms, increasing total enrollment up to 650 students. Additional development includes upgrades to the gym building, an updated office, a new playground, and other site work.
Read more about our tour of CWC LA with our CDFI lender partners.
SCHOOL HIGHLIGHTS
Leadership Public Schools Community Make Mark on New Building
Construction is well underway at Leadership Public Schools (LPS) Oakland R&D Campus! Teachers and students recently had the chance to leave their mark on the new space by signing their names on one of the walls.
Located alongside Castlemont High School on a district campus, LPS is undergoing some major transformations. The project involves renovating their current building and adjacent structures, as well as constructing a brand-new 8,000 square foot building. This addition not only replaces three existing modular classrooms but also provides the school with extra space to accommodate its growing enrollment.
TCSD installs playgrounds at Bloom Academy
TCSD has recently completed the installation of two new playgrounds at Bloom Academy in Houston, Texas. These additions provide much-needed space for students to engage in playtime activities, enhancing their overall educational experience.
OUR PEOPLE
PCSD Team Gathers in Long Beach
PCSD wrapped up an incredible staff retreat in March. It was our first time gathering since 2019 and we got a chance to hear about the state of PCSD. We also heard from charter school leaders, Mark Kleger-Heine and Caprice Young.
We got a chance to team up cooking four different paellas for dinner. Most importantly, we had the chance to truly connect and get to know each other better.
