Red Hook Capital Partners (RHCP)—a Southern California real estate development and investment firm—plans to acquire and redevelop a new site for Teach Tech Charter High School (Teach High) in Los Angeles, CA. Teach High provides a high-quality teaching and learning environment for students, focusing on literacy and integrating state-of-the-art technologies to achieve academic proficiency.
Clearinghouse CDFI provided a $7.5MM loan for RHCP to acquire and rehabilitate the site into a new charter high school facility for Teach High.
The new, larger location will allow Teach High to continue providing quality education for a low-income population, and increase enrollment capacity by 50%—from approx. 250 to 500 high school students. This project will retain 34 full-time jobs and create 4 additional full-time jobs.
Download the PDF: Just Funded – Red Hook Teach II, LLC