OSSE – Imagine Southeast PCS

Principal Jordan Bishop assisted with deal structuring, underwriting and project management support to Office of the State Superintendent for Education agency for this $13 million New Market Tax Credit transaction.


Technical Assistance Contract

July, 15, 2014

Washington, D.C. – While at Dantes Partners, Audubon Enterprises principals provided technical assistance in deal structuring, underwriting and project management directly to the Office of Public Charter School Financing and Support (OPCSFS), a sub-agency of OSSE. Audubon assisted the agency with the placement and financing of at least seventeen (17) charter schools including Imagine Southeast PCS (Old Congress Heights School), Meridian PCS (Harrison School), Eagle Academy (McGogney Elementary), Washington Yu Ying, Capital City PCS (Rabaut School), and the Charter School Incubator Initiative (12 schools in 7 campuses including Draper, Benning, Birney, PR Harris, and three other commercially leased spaces).

While servicing this contract, Audubon principals were integral in helping the OPCSFS manage grants, loans and credit enhancements that have been distributed by providing systems for project management and data tracking. This allowed OPCSFS to more effectively manage its cash, and ensure that it is providing as much support as possible to help high quality charter schools in the District reach their goals. Audubon principals were also integral in the underwriting and preparation of credit memoranda for each deal to present to and field questions from OPCSFS’ credit committee.

Audubon principals assisted the OPCSFS to remain at the cutting edge of charter school development by tracking and projecting the supply and demand of education facilities in the District. By tracking and projecting the demand that current and future charter schools in the District will have for facilities space, and matching that with the current and future supply of facilities space, it allows OPCSFS to ensure that high quality schools are able to grow and educate more students, and to more efficiently manage their capital through various credit programs.


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