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Finance Team Tours Northern California Sites
The PCSD Finance team met up with our Northern California team for a comprehensive tour of in progress charter school facility projects. They started the day at Navigator Schools Gilroy Prep which is set to expand capacity to support TK students. They then proceeded to Voices College-Bound Language Academies in Morgan Hill where groundwork has been laid to support modular buildings. The new campus is scheduled to open for the 2024-2025 school year. They visited Navigator Schools Hayward Collegiate which will be adding TK students. The day concluded at Bay Area Technology School (BayTech Charter School), where construction is underway for a new school at The Palace Theater in Oakland’s Fruitvale neighborhood
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Happy New Year from PCSD
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TCSD Expands to San Antonio
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Finance Connected to Real Estate
Who did you meet with today?
Today I met with Eric Relos, Tina Lin, and Anna Olsen who are all connected in different levels of financing real estate.
Where do they work? What does the company do?
Anna and Tina work with PCSD, and Eric works for Capital Impact, which is an organization that helps the development of a project by financing loans.
What did you learn today? What were some highlights?
Today I learned about three different positions of real estate related to financing. The project manager supports architectural design and mapping, finding the problems and solving them. The finance director helps “translate” approvals or problems that may occur, and lenders, help support funding the project from the beginning and forward until the project has been completed.
As Anna, the Project Manager, completes a project or runs into a problem, she has to relay it to Tina, the Director of Finance, who supports Eric, a lender, by helping him understand the problems and ways to avoid or improve them.
What insights did you gain into the field of real estate development?
Something I took away from this is that it takes a long process to approve a project and its funding, anything can hinder the approval.
What did you find the most interesting about the field in the field after today?
Financing plays a huge role in developing, completing, and revising a project. If the budget was to ever be exceeded, then you must already have prepared at least the same amount of money you put down as a contingency.
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PCSD Secures $11M in Grants for Texas Expansion
We are thrilled to announce a major milestone for PCSD as we have recently secured two grants totaling a substantial $11 million from City Fund and Charter School Growth Fund. These funds are earmarked to drive our expansion efforts in the vibrant educational landscape of Texas, specifically targeting charter schools in Houston, San Antonio, and Austin.
The infusion of $11 million will play a pivotal role in advancing our mission to dismantle systemic inequality in education by expanding opportunities for students in under-resourced communities. We are dedicated to creating innovative and sustainable facility solutions that meet the unique needs of charter schools, fostering long-term educational impact.
Our commitment to fostering educational choice and addressing racial and educational inequity is reflected in this expansion initiative. By strategically focusing on Houston, San Antonio, and Austin, we aim to make a meaningful impact on the lives of students in these diverse communities.
We invite our community, partners, and supporters to share in the excitement of this significant achievement. The grants secured not only signify financial support but also a vote of confidence in our mission to create a positive and lasting impact on education in Texas.
Stay tuned for further updates as we embark on this exciting journey to expand educational opportunities and dismantle barriers to success in Houston, San Antonio, and Austin.
Together, we continue to build a brighter future for students in under-resourced communities.
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