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Location: Kansas City, Missouri
Loan Amount: $5.6 million
School Savings: $2.4 million
School Site: www.brooksidecharter.org
Ratings Direct: Brookside Charter School
Obligor Summary: Brookside Charter School Obligor Summary
Founded in Kansas City, MO in 2002, Brookside serves 745 students in grades PK-8 and has a mission to “develop leaders who bravely make the world a more just place [and] nurture the whole child, instill a growth mindset, and foster cultural competence.” The school practices a philosophy known as “The Leader in Me,” which promotes individual leadership and positive character at school, home, and the community.. Brookside’s dedicated teachers and leaders support outstanding academic results for their students, 95% of whom are Black and Hispanic and 100% of whom come from low-income backgrounds. The school consistently outperforms district and state proficiency rates and earned a highly-regarded certification as a “Lighthouse School” for its extraordinary impact on students, staff, parents, and the greater community. Additionally, Brookside superintendent Roger Offield was named 2019 Charter School Leader of the Year by the Missouri Charter Public School Association.
EFF provided a $5.6 million loan to refinance a New Market Tax Credit leveraged-loan on its existing facility and the acquisition of an adjacent building to provide extra-curricular activity and office space. The school locked in a 30-year, fixed-rate loan that will save them over to $2.4 million compared to alternative financing options.