New Loan Closing: KIPP New York
A brand-new charter school in the Bronx
$5,000,000 participation in an $18,445,000 loan
KIPP New York (KIPP NY) is a network of 16 charter schools serving 6,400 K-12 students in the boroughs of Bronx, Brooklyn, and Manhattan. KIPP NY is a member of the Knowledge is Power Program (KIPP), a non-profit network of public charter schools that have supported early childhood, elementary, middle, and high school students since 1994. This loan will help finance the acquisition of the site for KIPP NY's newest high school campus in the Mott Haven neighborhood of the Bronx. When the school opens in 2024, it will begin offering a high-quality education to approximately 300 students; by the time it reaches full capacity in 2028, it will serve over 1,000.
Partners: BlueHub Capital, Low Income Investment Fund (LIIF)
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