Benjamin Franklin Classical Charter Public School
Benjamin Franklin Classical Charter Public School (BFCCPS) serves a diverse student population from 12 communities and offers a unique academic program that emphasizes character education. When the school wanted to build a new, modern facility in Franklin, they turned to MassDevelopment for smart financing.
We issued a $24.6 million tax-exempt bond and provided a charter school loan guarantee. Citizens Funding Corporation, a subsidiary of Citizens Bank, purchased the bond. BFCCPS will use the proceeds to build an impressive 77,500-square-foot school, complete with athletic fields.
The impact on education will be significant. BFCCPS can offer a better learning environment, enhance its academic programs, and provide more opportunities for students across the region.