FOR IMMEDIATE RELEASE
June 3, 2011
Contact: Dean DeBuck
OCC Newsletter Focuses on Charter School Financing
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published a Community Developments Investments electronic newsletter which provides an in-depth look at bank financing for charter schools. The newsletter articles provide background information about charter schools, discusses the availability of federal, state, and local resources to support the financing of charter schools, and includes case studies of financing structures provided by banks.
"Many lenders are unfamiliar with how charter schools are funded and the credit enhancements available to banks that finance charter schools," said Acting Comptroller of the Currency John Walsh. "This newsletter provides examples of charter school financing structures and discusses when such loans are eligible for positive consideration in a bank’s Community Reinvestment Act examination."
Community Developments Investments can be accessed on the OCC’s Web site at: http://www.occ. gov/topics/community-affairs/publications/index-ca-publications.html#cdi. Banks interested in learning more about these opportunities may contact the OCC’s District Community Affairs Officers (DCAOs) located throughout the nation. Their contact information is available at: http://www.occ.gov/topics/community-affairs/contacts.html.
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