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Tax-Exempt Bond Financing for Nonprofit Facilities
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• Bonds Plus Program
• Capital Plus!
*ONLY for projects previously financed with tax-exempt debt by the Commission
Tax-Exempt Bond Financing Methods
• Public Sale
• Streamlined (STEP)
The Capital Plus! program assists nonprofit organizations that otherwise may not have access to financing. It is a partnership of the Washington Community Reinvestment Association and the Washington State Housing Finance Commission.
BELOW-MARKET RATE LOANS FOR FACILITIES AND EQUIPMENT
Capital Plus! is a $7.5 million dollar fund for Washington 501(c)(3) nonprofit organizations that need to finance:
capital facilities owned and operated by the nonprofit
equipment purchase or capital leases
Washington 501(c)(3) organizations that serve or provide community services with consideration to lower income persons or persons with special needs.
MAXIMUM LOAN AMOUNT
Loans may be in any amount up to a maximum of approximately $500,000 with terms up to 10 years.
Interest rates are estimated to be from 4.75 to 6%.
Assistant Director, Multifamily Housing & Community Facilities
Washington State Housing Finance Commission
206-287-4407 | (800) 767-4663 (within Washington)