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

“RPS engaged CCA in 2005 to assist in the disposition of RPS’s affordable housing portfolio, which consisted of over eighty properties, located throughout the country. The successful conclusion to our portfolio disposition is in large part attributable to Ben and David and their team at CCA. Though faced with a multitude of problems, including properties with extensive deferred maintenance, difficult regulatory agencies and severely distressed financial markets, CCA brought resolutions to our issues that were consistently satisfactory to all parties concerned. The depth and scope of CCA’s expertise in the many facets of the affordable housing industry proved invaluable. It has been a privilege and a pleasure to work with such a group of professionals.”  

Patricia Green, RPS Corporation

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