Fort Worth, TX (May 2023) – Are you in need of a new stadium? Is it time to update your gymnasium? Have you outgrown your facilities? The Texas Association of Private and Parochial Schools (TAPPS) has partnered with Government Capital Corporation (GCC) as its financing partner to provide TAPPS members with expert financing resources.
Many TAPPS schools are unaware that they, like public independent school districts, are eligible for tax-exempt financing. This means your school can finance projects and purchases for a significantly lower rate than traditional taxable alternatives. Tax-exempt financing structures have saved many schools hundreds of thousands of dollars in interest costs. This has made their projects more affordable and enabled them to begin their projects on an accelerated timeline.
Over the years, Government Capital has provided tax-exempt financing solutions to numerous 501(c)3 entities, including multiple TAPPS schools. In most instances, these schools were unaware a lower-cost tax-exempt financing option was available to them.
Most recently, GCC providedRosehill Christian School in Tomball, Texas with a tax-exempt refunding that significantly reduced the school’s interest cost.
“The tax-exempt refunding will provide significant benefits to our school and positions us to obtain more competitive financing options in the future as our school continues to grow.” – Lauren Dyal, Head ofSchool, Rosehill Christian School.
Additionally, Government Capital has partnered with Trinity Preparatory Academy in Keller, Texas on multiple phases of construction and expansion, providing both a tax-exempt refunding and tax-exempt financing.
Join Government Capital at TAPPSCON as they discuss tax-exempt financing strategies on their panel following the first General Session on June 8 in Room B1 or visit them at their booth in the exhibit hall. To learn more about what GCC can do for your school, contact Jana Jay at 817-722-0217 or email [email protected].
About Government CapitalCorporation
Government Capital Corporation (GCC) was founded in 1992 with the primary purpose of providing tax-exempt financing solutions for stateand local governmental entities including cities, schools, counties, and qualifying 501(c)(3) entities. Since its inception, GCC and its affiliates have provided financing solutions exceeding $5 billion for a wide variety of purposes. Projects have included new construction, land acquisition, and renovations, as well as the refunding of existing taxable obligations. To learn more, visit www.govcap.com/private-schools.
Chartered in 1978, the Texas Association of Private and Parochial Schools (TAPPS) serves to organize, stimulate, encourage and promote the academic, athletic and fine arts programs in an effort to foster a spirit of fair play, good fellowship, true sportsmanship and wholesome competition for boys and girls. From a humble beginning of 20 member schools in 1978, twelve of which remain members, TAPPS has grown to a membership of 238 schools with a combined enrollment of over 40,000 students. Schools are presently aligned in six (6) classifications with districts across the state of Texas.