Community Charter School of Cambridge Expands With MassDevelopment Bond
June 18, 2018
FOR IMMEDIATE RELEASE
Kelsey Abbruzzese, MassDevelopment, 617-330-2086 & 617-448-9077 (cell)
Caleb Hurst-Hiller, Community Charter School of Cambridge, 617-354-0047 x331
MassDevelopment has issued a $21.2 million tax-exempt bond on behalf of Community Charter School of Cambridge (CCSC) Foundation, which supports the work of CCSC, a public charter school in Cambridge’s Kendall Square neighborhood. The Foundation will use bond proceeds to buy land and three buildings for the school that it currently leases for the school at 245, 247R, and 255 Bent Street in Cambridge. Boston Private Bank & Trust Company purchased this bond.
“Community Charter School of Cambridge provides a rigorous academic program for its students, right in the heart of Cambridge’s innovation district,” said MassDevelopment President and CEO Lauren Liss. “We at MassDevelopment are happy to help this school expand and reach more students as they prepare for higher learning.”
Community Charter School of Cambridge serves 360 students in sixth through 12th grades. CCSC has been open since 2005, and its low student-to-faculty ratio ensures that every student is well known to and supported by a team of dedicated teachers and administrators. Since 2009, when the first class at CCSC graduated, almost every single graduate has been admitted into college, with over 90% of these students matriculating to four-year schools. The CCSC curriculum also includes two unique components – required roundtable presentations for every student in the sixth through 11th grade, and a senior internship program, which provides students with real-world experiences at local businesses and nonprofits in order to better equip them for post-secondary success.
“Community Charter School of Cambridge is so thankful to have had the support of MassDevelopment throughout the acquisition process,” said CCSC Head of School Caleb Hurst-Hiller. “We have ensured that our school community has a permanent home, which now allows us to fully focus on providing the highest quality education to our deserving students and families.”
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2017, MassDevelopment financed or managed 377 projects generating investment of more than $4.3 billion in the Massachusetts economy. These projects are projected to create about 9,488 jobs and build or rehabilitate 1,863 residential units.