BelovED Community Charter School – Jersey City, NJ

$364,000 acquisition loan – 480 students served

“Our approach has been very successful. Across the state, we are number one in our peer group for student learning growth, and we are in the 98th percentile among all New Jersey public schools. Every year, we add a new grade, which allows us to take more low-income students from our waiting list and offer them a better education than they would otherwise get. Jersey City’s student population is rising with its broader growth, and there’s not one unoccupied school facility in the city. We cannot expand if we don’t have a building. We have to build a new middle school, and CDFIs like Leviticus Fund and New Jersey Community Capital are some of the only entities that will provide us loans.”

“We are confident that our students will persevere as they confront challenges in life, because they will be driven by the belief that the well-being of all is something worth fighting to achieve.”
Bret Schundler – BelovED Community Charter School

Photo credit: Jack Reynolds