SCORE allocated $8.5MM of federal NMTC allocation and $8.25MM of IL State NMTC allocation to Perspectives Charter Schools (PCS) for the acquisition and refurbishment of a new campus building, to enable PCS to increase the number of students it serves, and create quality jobs. The outdated and ill-equipped PCS facility will be replaced with a new, state-of-the-art facility which can accommodate the demand for PCS’s services. The new facility will be equipped with specialized classrooms, computer labs, and science labs so that PCS can provide the resources needed to prepare students to graduate high school and succeed in post-secondary education or start their careers. PCS serves a student base that is 100% minority and 90% low income.
The Project is in alignment with the Auburn Gresham Quality of Life Plan 2016 (the “Plan”). The Plan emphasizes the need to improve the educational attainment of the community as a whole and specifically states the goal to “expand and maintain the innovative community school model throughout our schools that supports social-emotional development and encourages youth and family engagement in a safe and nurturing learning environment.” Further, the Plan emphasized the goal to “support traditional and nontraditional educational opportunities by creating learning opportunities that are responsive to the needs of all students.” Both of these goals are in direct correlation with the goals and strategies of PCS and the Project.