April 9, 2014
Tax-exempt financing can be a great option for Charter Schools in need of funds to support their growth. PIDC‘s most recent tax- exempt issuance went to First Philadelphia Preparatory Charter School and Tacony Academy Charter School.
First Philadelphia Preparatory Charter School is a public, tuition-free charter school located in the Frankford section of Philadelphia serving students from Kindergarten through Ninth grades. With the assistance of the PAID Tax-Exempt Bond Program, the school was able to acquire, renovate and furnish additional space for their growing student population.
Tacony Academy Charter School is a public, independent tuition-free charter school located in the Fox Chase section of Philadelphia serving students from Kindergarten through Twelfth grades. With the assistance of the PAID Tax-Exempt Bond Program, the school was also able to acquire additional space and provide new educational resources for its students.
PIDC has a depth of experience in tax exempt financing with dedicated staff who works with our clients on these complex structures. Sakinah Rahman oversees PIDC’s tax-exempt activities’ with over a decade of experience in the field previously working for Wells Fargo. Nicole Krippel helps move these transactions through the approvals process and came to PIDC from a law firm who worked on public finance transactions. Marla Hamilton and Carol de Fries work within PIDC’s Marketing & Business Development group and have a focus on charter schools within their client portfolios as market managers.