Office of Education

Credit Enhancement 

2017 Program Participants

December 2017

Academy of Math & Science

Image result for academy of math and science arizona

On December 7, 2018 the Public School Credit Enhancement Eligibility Board awarded funding to the Academies of Math and Science to refiance existing debt.
Fund Certificate #7 - Academy of Math and Science

November 2017

BASIS Schools, Inc.

Image result for basis schools inc arizona

On November 2, 2017 the Public School Credit Enhancement Eligibility Board awarded funding for new construction, expansion, and improvements to BASIS Schools, Inc.
Fund Certificate #6 - BASIS, Inc.

October 2017

Arizona Agribusiness & Equine Center

Arizona Equine 

On October 18, 2017, the Public School Credit Enhancement Eligibility Board awarded expansion and new construction funding to Arizona Agribusiness & Equine Center. 
Fund Certificate #5 - AAEC

GreatHearts

Image result for great hearts archway scottsdale

On October 18, 2017, the Public School Credit Enhancement Eligibility Board awarded funding for aquisition, renovation, and expansion new facilities to GreatHearts.
Fund Certifcate #4 - GreatHearts

 American Leadership Academy

American Leadership Academy

**On October 18, 2017, the Public School Credit Enhancement Eligibility Board awarded acquisition funding to American Leadership Academy. 

**This project was cancelled

August 2017 

BASIS Schools, Inc.

Image result for basis schools inc arizona

On August 3, 2017, the Public School Credit Enhancement Eligibility Board awarded expansion and new construction awards to BASIS Schools, Inc.

**On November 2, 2017 BASIS Schools, Inc. submitted a new application for credit enhancement that eliminates two previously-approved projects and increases the requested amount for six previously-approved projects by $11 million.

Fund Certificate #3 - BASIS Schools, Inc.

June 2017 

Great Hearts Academies

Maryvale Prep 

On June 1, 2017 the Public School Credit Enhancement Eligibility Board awarded expansion awards to Great Hearts Academies.

 The Board awarded Great Hearts Academies $16 million to expand Maryvale Preparatory Academy and $19.9 million to expand the Veritas Campus. New enrollment is projected to increase by 1,000 students

Fund Certificate #2 - Great Hearts Arizona

April 2017

Academy of Math and Science (AMS)

AMS Expansion

 On April  25, 2017 the Public School Credit Enhancement Eligibility Board issued expansion awards to the Academy of Math and Science (AMS) and the Arizona Agribusiness and Equine Center. 

AMS was awarded $24.8 million for two projects. New enrollment is projected to increase by 600 students at AMS Camelback and 250 students at MASSA in South Tucson.

Fund Certificate #1 - AMS

Arizona Agribusiness and Equine Center (AAEC)

 Arizona Equine

AAEC was awarded $17 million for construction of a new campus in Mesa, which is projected to increase enrollment capacity by 260 and for the expansionof its current campus at Estrella ountain, expected to add 300 students.

**In the August 2017 meeting the Board approved an extension of the AAEC guarantee enhancement for 60 days (until October 25). AAEC was not able to get an updated appraisal and program rules require an appraisal to be dated no sooner than 30 days prior to closing. This necessitated the AAEC withdrawing their original application and submitting a new updated application in October 2017.

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