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MassDevelopment has raised a fund of over $15 million from its own resources, the U.S.
Department of Education and private sources to provide loan guarantees for charter
schools in Massachusetts.1 In partnership with the Massachusetts Department of Education
Charter School Office, the Massachusetts Charter School Association, Local Initiatives
Support Corporation, and The Boston Foundation, MassDevelopment has created a
program that guarantees loans for acquiring, constructing or renovating both owned and
leased charter school facilities.