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Location: Duncanville, Texas
Loan Amount: $8.3 million
School Savings: $1.9 million
School Link: www.villagetechschools.org
Ratings Direct: Village Tech School
Obligor Summary: Village Tech Obligor Summary
The three C’s – Character, Challenge and Community – form the foundation upon which Village Tech students develop a sense of self and belonging. The school’s commitment to holistic education has prepared a diverse student body to succeed in life, and 100% of the Class of 2018 earned Texas’s highest possible graduation status.
Equitable School Revolving Fund provided a $8.3 million, fixed rate, 30-year loan to Village Tech to facilitate construction of the second phase of its permanent campus. Compared to the best alternative, ESRF will save the school $1.9 million over the life of the loan.
“Partnering with ESRF on our financing is a charter leader’s dream come true. ESRF’s team went above and beyond to facilitate a smooth process, and we are thrilled to be an early partner of an organization dedicated to helping students build bright futures,” said Village Tech Schools CEO, David Williams. “Village Tech creates learning experiences that tap into students’ passions and connects them to one another, and to the world beyond school, so that students graduate with purpose, confidence and flexibility for an unpredictable future. The money ESRF allowed us to save will help us create these learning experiences for years to come.”
– David Williams, CEO/Superintendent Village Tech Schools