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$20 Million in New Markets Tax Credit Funds

iLearn Academy Charter School

iLearn Academy Charter School (ILACS) is one of four charter schools on Guam

iLearn Academy Charter School Community Development Project

iLearn Academy Charter School (ILACS) is one of four charter schools on Guam. iLearn’s mission is to increase students’ Science, Technology, Engineering, and Math (STEM) skills by integrating technology into the curriculum. Currently (2021), iLearn is housed in a temporary school facility, with an enrollment of 740 students for the 2020-2021 school year and approval to increase up to 900 students upon completion of the new campus facilities.

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The proposed project consists of a technology-centered educational campus with classrooms and administrative space designed provide the best learning environment possible for the students, teachers and administrators of this trail-blazing school. The ~3.6-acre campus will include 30 classrooms for grades K-5, a large cafeteria/dining facility designed to allow on-site meal preparation with a focus on healthy food initiatives, a full-size (high school-equivalent) gymnasium to accommodate physical education and school-wide assemblies and programs.

Established in 2015, iLearn Academy Charter School became Guam's second charter school. The school provides a rigorous academic curriculum for grades K-5 with a special emphasis in technology and robotics. Through the utilization of technology, students receive a unique and advanced educational experience to help ensure future success.

The realization of iLearn’s plan for a permanent campus is underway with opening scheduled for August 2022. This campus will be the first elementary school built in Guam in more than 10 years and include:

  • Main classroom/administration building that will allow for up to 900 students
  • State-of-the-art classroom technology infrastructure to expand on our ability to deliver the award-winning STEM curriculum and educational opportunities for our students
  • A large cafeteria/dining area designed to promote the delivery of sustainable and healthy food options for our students
  • A large, high-school-equivalent gymnasium that will allow for an unparalleled physical education program, school-wide assemblies and programs as well as space for robotics and other educational competitions.
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The full cost of the iLearn Academy Charter School is $32 million, according to the agency's news release, with GHURA entering into a 20-year loan for $12 million dollars with The Learning Institute, a nonprofit organization. Additional funding from GHURA was secured from the Section 108 Loan Guarantee Program from the US Department of Housing and Urban Development’s Community Development Block Grant.

MILLIONS OF DOLLARS. IMMEASURABLE RETURNS.

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Does Your Project Qualify for Low-Cost Financing or New Markets Tax Credits?

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Other Financing Services

CBO Financial provides a range of services to help plan and finance projects located in low income communities, including below-market loans and subsidies.

Project Planning And Financial Modeling

Start a project right by identifying anticipated predevelopment expenses, project budget, sources/uses of funds, cash flow forecasts and debt service coverage.
Project Planning And Financial Modeling

Financing Request Package Development

Developing a comprehensive Financing Request Package (FRP) is an important first step in securing financing and/or project subsidies for community development.
Financing Request Package Development

US Department of Agriculture Programs (USDA)

The USDA offers various economic development projects; two of which are beneficial to community development projects are the Community Facilities and Rural Utilities Programs.
US Department of Agriculture Programs (USDA)

HISTORIC TAX CREDIT APPLICATION Assistance

CBO Financial can assist and take a leadership role in developing both Part I and Part II federal and state Historic Tax Credit applications.
HISTORIC TAX CREDIT APPLICATION Assistance

RACP APPLICATION PREPARATION Assistance

Redevelopment Assistance Capital Program is intended for regional economic, cultural, civic, recreational, and historical improvement in Pennsylvania.
PENNSYLVANIA RACP APPLICATION PREPARATION

Puerto Rico Financing Programs Assistance

Puerto Rico financing programs offers many community development opportunities for mainland investors and local business owners.
Puerto Rico Financing Programs Assistance

You see challenges. We see possibilities.
Your community sees change.

Established in 1999, CBO Financial is a financial consulting firm that specializes in helping businesses secure funding for development projects in the nation’s most distressed communities. Our experts understand how to present economic, environmental, and societal benefits to public and private organizations so your project receives the funding it needs to move forward quickly and reasonably. A CBO Financial subsidiary, Community Development Funding, LLC, has received six awards under the federal New Markets Tax Credit program totaling $150M. In addition the team has taken a leadership role in securing 18 awards for clients totaling over $400M.
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CBO can be your access point for a variety of flexible financing sources including gap financing using New Markets Tax Credits, Historic Tax Credits, Tourism Tax Credits, Property Assessed Financing, Opportunity Zone Funds and others.
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CBO is on a mission to help elevate the lives of people living in distressed communities by providing flexible, below-market gap financing to high-impact projects that cannot otherwise move forward. Does your project qualify for financing?
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Million-dollar stories

The CBO team has funded over $1 billion in projects for local and national nonprofits, for-profit developers, and municipal agencies. Our team can help you find the low-cost financing or new market tax credits needed for your projects.
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Does Your Project Qualify for Low-Cost Financing or New Markets Tax Credits?

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