The NMTC allows schools serving low economic activity areas to construct safe facilities conducing to education, the commercial channels of financing would never allow a $14MM construction in an area where immediate post construction value would be under $10MM. With limited capital, we can serve students in areas where traditional public schools are failing. This program is the very definition of lifting up the nation by the bootstraps. We, the administrative staff, are willing to comply with any and all oversight and compliance required to make this possible for students in Gary, Indiana.

Mahdee Iqbal, Director of Finance, Charter School of the Dunes, Gary, Indiana, on the project.