Recy Benjamin Dunn currently serves executive director for the office of charter schools for the New York City Department of Education, where he is working to develop a portfolio strategy for charters in New York City by opening high-quality new charter schools while holding all charter schools acountable for performance.
First, he secured $12 million from a local university for a $24 million modernization project. Then, he went on to broker a deal allowing a local housing authority to redevelop schools being closed by the district. The housing authority would develop new housing space, and the district would infuse the cash from the real estate sale into its own capital program to meet other critical needs.
Dunn then put in motion another creative deal that would swap district-owned land adjacent to schools with a developer to create teacher housing conveniently located near schools. The district would market the housing to teachers, while the developer would provide new cash resources that could be pushed down into the classroom to help kids.
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