NEW: Central Falls Gets $10M Loan from Bill and Melinda Gates
Wednesday, March 06, 2013
Central Falls announced yesterday that it has received a $10 million low-cost loan from the Bill and Melinda Gates Foundation to help pay for an increase in the number of seats in five of the district’s high-performing charter schools.
The money, which will be used to provide low and no-interest loans, may ultimately lead to a number of other loans for projects at anywhere from five to seven schools.
Central Falls Mayor James Diossa said the news was welcomed by the struggling city.