SOURCE: Self-Help

Self-Help

March 12, 2014 17:20 ET

Self-Help Charter School Borrower Testifies Before Congress

CEO of Cleveland's Breakthrough Schools Speaks to House Education Committee

DURHAM, NC--(Marketwired - March 12, 2014) - The CEO of Breakthrough Schools, a Self-Help charter school borrower in Cleveland Ohio, testified today at a hearing of the U.S. House Education and Workforce Committee. Breakthrough CEO Alan Rosskamm highlighted their success in serving inner city students during a hearing to examine the role of charter schools in K-12 education.

A network of charter schools in Cleveland, Breakthrough is of particular note for their close relationship with the Cleveland Metropolitan School District and has purchased four closed school buildings from the district.

In his testimony, Rosskamm noted that "Breakthrough's principals and a group of District principals meet regularly for professional development and to share best practices. I feel I have a true partner in District CEO Eric Gordon."

Self-Help, headquartered in Durham, is one of the nation's top community development lenders, providing home loans, business loans and community facilities loans. Self-Help is an experienced charter school lender, having made loans to 66 schools in 15 states and the District of Columbia. In total Self-Help has loaned $214 million to charter schools from 1997 - 2014.

More information about Breakthrough is at: http://www.breakthroughschools.org/

More information about Self-Help's charter school lending is at: http://www.self-help.org/business/loans-credit/charter-school-loans.html.

About Self-Help

Founded in 1980, Self-Help (www.self-help.org) is a nonprofit credit union, community development lender, and real estate developer. Self-Help's combined affiliates have provided over $6 billion in financing to nearly 75,000 families, individuals and businesses underserved by traditional financial institutions. It strengthens communities by financing hundreds of homebuyers each year, as well as nonprofits, child care centers, community health facilities, public charter schools, and residential and commercial real estate projects. Through its two credit unions Self-Help serves over 113,000 families in North Carolina, Chicago and California, and offers a full range of financial products and services.

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