The latest cash grab : Teacher/charter school villages
TFA recognizes the value of the Centers concept and has entered into a Memorandum of Understanding with Seawall Development Company to replicate the Centers for Educational Excellence model across the country. Philadelphia, along with Washington, D.C. and New Orleans, is a TFA-identified growth area, and TFA has committed to being the lead commercial tenant in these developments, with their corps members making up the majority of residential tenants.
As I noted in a previous article titled The Battle in Seattle Against Yet Another Charter School Invasion, a developer plans to build a project that includes retail, low income housing and at one time, a charter school.
Based on further research, I found this is not an anomaly but a national trend.
Bankers, developers and real estate brokers are working together with Teach for America (TFA) and charter school enterprises to offer low income housing mainly…
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