$5 million Direct Loan Program

Friends of Choice in Urban Schools (FOCUS) is now the DC Charter School Alliance!

Please visit www.dccharters.org to learn about our new organization and to see the latest news and information related to DC charter schools.

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$5 million Direct Loan Program
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FOCUS works with Congress to establish $5 million Direct Loan Program for charters

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$5 million Direct Loan Program
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FOCUS works with Congress to establish $5 million Direct Loan Program for charters.

The Direct Loan program was funded initially by the District of Columbia 2003 Appropriations Act to structure and provide loans to District of Columbia public charter schools for the purpose of construction, acquisition, renovation, and/or maintenance of public charter school facilities.  

Additional capital allocations were appropriated to the Direct Loan Funds during the fiscal years (FY) 2001-11. In FY 2012 and FY 2015, the Direct Loan fund was awarded additional funds under the Scholarships for Opportunity and Results Act. As of April 2016 the Direct Loan balance is $9.9 million.

Since inception the Direct Loan Program has disbursed close to $53 million in direct loans to 36 public charter schools, leveraging over $325 million in additional funding for school facilities.

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$5 million Direct Loan Program

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