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Project

Not Your Ordinary School

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Loan Portfolio

Location: Austin, Texas
Enrollment: 1,063
Loan Amount:  $25.3 million
Savings Amount: $8.7 million
School Site:  www.nyos.org
Ratings Direct:  Not Your Ordinary School

Founded in 1998, NYOS serves 1,063 students in grades PK-12 and will nearly double in size over the coming years. The school’s culture, commitment to families, and diverse-by-design model have contributed to a reputation as one of Texas’s best public charter schools. NYOS values the strengths and needs of every child, promotes a personalized learning environment with small class sizes, and uses a “class-looping” strategy where students remain with the same teacher for two years. The school consistently outperforms the state and its sending district on Math, ELA and SAT/ACT tests and has earned distinction as one of the nation’s best high schools from US News and World Report.

EFF provided a $25.3 million loan to finance the construction of a new campus that will accommodate enrollment growth at NYOS. The school locked in a 30-year fixed rate loan that will save them $8.7 million over the life of the loan.

“With EFF, relationships matter, in the very best way. Anand and his team spent months getting to know us at NYOS and we built trust while working through the stages of the lending process. I was particularly struck by their genuine curiosity about the school and their willingness to help us figure out workable solutions. By the time we signed the deal, we had a solid foundation for a great working relationship. NYOS is proud to be part of the EFF portfolio.”

– Kathleen Zimmermann, Executive Director, NYOS Charter School