Charters schools have become critical and proven resources for mitigating educational gaps in New Jersey, especially in underserved and underperforming school districts. Yet the facilities in which New Jersey charter schools operate are typically outdated, lacking in physical education space, and smaller than average (in terms of both site size and square feet per student) by more than 20%.
NJCC has become the leading charter school lender in New Jersey, providing acquisition, predevelopment, construction, mini-permanent, and permanent financing to more than 20 charter schools and creating or preserving over 10,800 charter school seats, 37 percent of all seats in the state. NJCC also has provided $14.4 million in loan and lease guarantees to charter schools, reduce their facility costs so that they can dedicate more resources to instruction and program design.
