November 30, 2021
WHEFA Bond Financing Helps HOPE Christian Schools Refinance and Renovate
in Milwaukee and Racine
Bonds Underwritten by Barclays Capital and J.P. Morgan
“This financing is critical to expanding educational options for low-income children in Southeastern Wisconsin. Milwaukee continues to experience one of the nation’s largest gaps between the educational achievement of low income versus middle- and upper-income children. Further, access to faith-based education is out of the financial reach of many children in the inner city. Expanding our Hope Christian Schools allows more children the option of choosing a strong education that also incorporates character building and faith formation.”
– Glenn Kieckhaefer, Executive Vice President
Open Sky Education, Inc.
Bond financing facilitated by WHEFA was used to help HOPE Christian Schools refinance certain outstanding debt. Proceeds of the bond financing will also be used to finance the construction, renovation and equipping of certain classrooms, offices and other spaces at HOPE Prima campus. This federally tax-exempt financing process has enabled HOPE Christian Schools to operate more effectively by refinancing and financing its capital expenses at low interest rates.
WHEFA is proud to continue its mission of assisting all eligible Wisconsin nonprofit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance their capital improvement and expansion needs.