One of the most difficult challenges faced by charter schools is finding a facility to call home. Challenge Foundation Properties (CFP) promotes financially stable, self-sustaining charter schools by providing access to low-cost, high-quality facility solutions.
CFP is a general support organization for network facility needs. Each school in our network is also free to arrange their own facilities throughout their original development, operational years and beyond. We are a creative facilities supplier, providing options during the difficult start up years. All options are provided at market price or below. As the school becomes fully occupied our leases are structured to incentivize schools to seek alternative financing so that schools may become self-sustaining and we may recover any capitol that is provided and invest it into the next school project.
CFP provides TeamCFA schools with an experienced school facilities development team and lends support in developing a comprehensive facilities plan. CFP provides support via complimentary Facilities Consultants and can engage at any and all levels of the building process:
CFP Facilities Consultants are charged with providing all forms of assistance to network schools in their facilities development needs. Assistance can be defined as any activity related to the development of a school facility including the following:
Since its inception in 2005, CFP has been involved in a variety of school projects all delivered on time and on budget. CFP recognizes that just like individual charter schools there is no one-size-fits-all solution. CFP offers creative solutions working closely with each school board and administration to ensure that the facilities plan is in line with school budget and growth plans.
The ultimate goal of each project is to provide a high quality facility and the opportunity for the school to purchase the facility within five to seven years of completion. CFP will use the proceeds of the sales to finance subsequent construction projects with the aim of expanding the TeamCFA network to provide quality school choice for more families in more communities.
For new charters, we encourage early on a mix of space rentals, modular buildings and/or building renovations while the school builds student population, staff training and culture. We encourage schools to build a strong board of directors, sound fiscal policies, and a solid academic program.
Board of Directors: John Bryan-President, Philip Byers, Mike Harrington
Secretary: Tracy Banker
Advisors: Charlie Garcia, Paul Foley
TeamCFA Schools interested in working with Challenge Foundation Properties should contact our complimentary Facilities Consultants: