Alliance Bloomfield Charter School
Investment introduction paragraphs
Partners
Alliance College Ready Public Schools
Baird Charter School Finance
Highlights
Alliance College Ready Public Schools is a Los Angeles-based nonprofit charter management organization that serves 13,000 students in 10 middle school academies and 18 high schools. Alliance’s expansive geographic footprint includes downtown LA, Lincoln Heights, East LA and South LA/Watts. Seven Alliance schools are ranked among the top 100 California high schools based on their Advanced Placement participation rates, college readiness, math and English Language Arts performance and underserved student performance.
CDT’s purchase of $11,700,000 of remarketed qualified school construction bonds refinanced the school’s maturing short-term debt and allowed the project to retain its qualified school construction bonds. CDT worked with the Baird Charter School Finance group as the transaction’s bond underwriter. The 51,811 SF facility located in the Lincoln Heights neighborhood serves 845 students in grades 6 – 12.
Impact
In keeping with its mission to graduate scholars that are ready for success in college, Alliance is among a select group of high performing charter school networks that is committed introducing and refining strategies devised not just to get their students accepted into college but to get students through college. Alliance has created a Power 150 list of colleges that have the highest graduation rates for underrepresented minorities. All schools in the Power 150 have six-year graduation rates for black and Latino students of at least 74%. Alliance uses The Power 150 along with personalized planning and analysis for each student that includes an assessment of colleges that match the student’s academic achievements as well as colleges that are designated as “reach schools” and a comprehensive analysis of the financial aid available to support families to reduce the college “completion gap.”