Also by Reinvestment Fund
Success Story

Green Street Academy

Green Street Academy’s mission is to provide dynamic, rigorous life-long learning, and it is dedicated to engaging students in the green movement and the career paths it will generate. This project allowed the school to acquire and renovate a former public school building; helping to build its presence in West Baltimore and expanded enrollment from 350 to 875 students.

Reinvestment Fund provided $2 million in financing, including $1 million through the Baltimore Energy Initiative Loan Program, a partnership between Reinvestment Fund, Healthy Neighbors and the City of Baltimore. This $19 million project also includes funding from Bank of America, the Abell Foundation and the Warnock Foundation. Credit enhancement from the US Department of Education supported Reinvestment Fund’s loan to allow for a subordinate position behind Bank of America’s senior loan. Charter School Development Corporation and Seawall Development Company served as project manager and developer.

Consistent with its environmental focus, Green Street’s new home is constructed to use 32% less energy than if it had been rehabbed to the applicable energy requirements in the Baltimore City Green Building Standard. It achieve this through energy-efficient measures that include energy-efficient windows and exterior doors, an energy recovery system, good lighting design, and low-flow/low-flush plumbing. The new facility also offers better transportation access­—60% of the current student body lives within walking distance—and it is closer to downtown Baltimore and to more bus routes.

Ninety-six percent of the student body qualifies for free- or reduced-price lunch. The school emphasizes real world experiences to foster critical thinking and put lessons in the context of students’ lives. It utilizes hands-on, project-based learning and industry partners that have included Constellation Energy, Accenture, General Electric, Microsoft, the Maryland Clean Energy Center, and local restaurant Woodberry Kitchen.