$100m Nevada Facilities Fund a ‘watershed moment’ for charter schools, leaders say

Nevada charter schools now have access to millions of dollars in financing available for capital projects, such as buying or expanding school buildings. The Nevada Facilities Fund, a $100 million revolving loan fund established by the State Infrastructure Bank, aims to provide long-term, low-cost facility financing for charter schools serving under-resourced communities. Seeded with public funding, national donors’ contributions, and local philanthropists’ support, the fund is expected to benefit numerous charter schools, including Futuro Academy and Beacon Academy, by providing financial stability and enabling ownership of school spaces. This initiative reflects a growing recognition of the importance of public-private partnerships in supporting education and underscores bipartisan efforts to address charter school capital needs in Nevada.