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Challenge Foundation Properties

Connecting TeamCFA schools with the building resources they need for long-term success.

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.

Lending Support at Every Step in the Process

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:

  • Planning
  • Site Selection and Land Acquisition
  • Retrofit and Renovation
  • Design and Build
  • Finance and Purchase

Responsibilities of Facilities Consultants

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:

  1. Supporting and participating on individual school facilities committees.
  2. Evaluation of property or potential sites or buildings.
  3. Arranging financial assistance either directly from CFP or via financial partners or assisting with facility refinancing activity.
  4. Managing facilities projects where CFP is the lead partner.
  5. Managing CFP lease agreements that may exist with network schools.
  6. Arranging and negotiating property purchase or lease agreements between CFP and network schools and / or third parties.
  7. Consulting or recommending architects, contractors or facilities construction companies, financial institutions or related partners.

Facilitating long-term success

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.

Priority Selection Criteria

  1. The board of each CFA should come to common agreement as to their expansion Plan.
  2. There should be a clear commitment to the concept of TeamCFA expressed in the form of a letter of intent to TeamCFA signed by each board member.
  3. An affiliate agreement, for new schools, signed by each board member and approved by the board, should be submitted to TeamCFA. After TeamCFA board approval, a CFP project manager will be assigned to work directly with the local CFA board chairman or facilities planning committee to fully design a plan to proceed. This plan will include an exit strategy from any financial obligations to TeamCFA and can be approved by the TeamCFA Facilities Consultant.
  4. Final project approval is by the board of TeamCFA, the board of CFP and the local school board.
  5. In the event more than one project is ready for commitment and there is a limited amount of capitol, the school showing the best compliance to the affiliate agreement and support of TeamCFA will be selected.

Challenge Foundation Properties Board of Directors and Advisors

Board of Directors: John Bryan, President, Philip Byers, Ruppert Reinstadler, Mike Harrington
Secretary: Tracy Banker
Treasurer: Tisha Crisler
Advisors: Charlie Garcia, Paul Foley

Contact

TeamCFA Schools interested in working with Challenge Foundation Properties should contact our complimentary Facilities Consultants:

Phil Byers, Midwest Region cphilipbyers@gmail.com
Mike Harrington, Southeast Region mharrin607@aol.com
Ruppert Reinstadler, Southwest Region ruppertr@crginsurance.com

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