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

Gorman Management Company (GMC) is a legacy Section 8 owner/manager in Oklahoma that was established in 1978.  We were introduced to CCA through Ben Etheridge in 2012 and closed our first two 9% LIHTC deals that year.  Since then, we have closed an additional nine deals that are a mix of for-profit and non-profit owned properties (and three in process).  Most of our deals are complicated and require expertise in all levels of affordable housing (HUD, LIHTC, FNMA, etc.).  CCA has brought expertise as our development partner to all of these deals that was essential to their success.

Tom Gorman, Gorman Management Company

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