Great Oaks Legacy Charter School
About the project
Since 2011, the Great Oaks Legacy Charter School, a K-12 grade college preparatory network, has been preparing its scholars to succeed in college.
Great Oaks Legacy Charter School is located in Newark, NJ. At the time of closing, 87% of its students qualified for free or reduced price lunch.
LISC provided a $2.20 million loan for the acquisition and predevelopment work related to a new 32,000 square foot facility. Loan proceeds will be used for demolition, environmental remediation, architecture, and design work. Additionally, loan proceeds will cover loan fees, lender-required reports, and capitalized interest. The new facility will be Fairmount Heights Middle School, which serves 324 students at full enrollment.
Partner:
Great Oaks Charter School
Location:
Newark, NJ
Total Investment:
$2.20 million
Results:
324 children served
31,760 sq. ft. school
Project Category:
Access to Essential Services
Education
Product:
Acquisition loan
Website:
UN SDGs:
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