Projects

Patterson Park Public Charter School

The Patterson Park Public Charter School Project involved the refinancing and rehabilitation of the school’s existing facilities for grades one through six, and new construction to create for six classrooms and science lab for the middle school. This project was financed using 501c(3) tax exempt bonds issued by the Maryland Health and Higher Educational Facilities Authority. This was the first Charter School in Maryland to be financed using these bonds.

The school has been in existence for four years and has a strong educational track record. Its leadership and staff are very committed to this effort. The school has a waiting list for its classes. There is a very strong partnership between the School and the Baltimore City Public School System. The project sponsor is Patterson Park Public School, Inc. 501 c(3) nonprofit corporation.  

Specifications

Development Type
69,000 SF
Development Cost
14000000
Location
Baltimore, Maryland
Project Start
March 2010
Project Complete
December 2011
Development Role
Financing Consultants
Unit Mix
69,000 SF
Architect
Trace Architects, P.A.
Contractor
Southway Builders, Inc.
Developer
Patterson Park Public Charter School
Owner
Patterson Park Public Charter School
Lender
MHHEFA & RBC capital markets

What Others Are Saying About Us

We were aspiring to take one of our HUD projects through a LIHTC transaction to receive much needed rehab of a senior building in Detroit.  We weren't equipped to handle the process ourselves and not knowing where to turn, CCA came highly recommended by a colleague.  We haven't looked back since.  David Prout and the CCA team guided us and the nonprofit owners through the full development process.  They took the worries out of our hands and led us down the path.  Their vast knowledge of the LIHTC process; working with he governmental agencies; obtaining LP investors and the smooth construction process during the tenant in place rehabs were over the top.  They are true leaders in the industry.  We have since taken three other projects through the process and another in the pipline.