De Blasio says he will formalize charter school rent policy

Mayor de Blasio said Thursday his administration will formalize its policy on rent for charter schools and work with existing charters "that are doing well."

"Charters now serve about 5 percent of our kids in public school. That's important. We care about those kids and we're willing to work with the charters that fulfill our standards," he said at a press conference. "For kids that are in charters now that are doing well, we're going to be there for them every step of the way," he added.

De Blasio has been a critic of the city's charter school movement and has said he'll charge some charters rent on a sliding scale and put a moratorium on co-locations. Last week, his schools chancellor Carmen FariƱa diverted $210 million away from charter school construction.

De Blasio said that his proposed moratorium on charter co-locations is "not a moratorium on charters."