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Washington Community Reinvestment AssociationCapital Plus!

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.

Program Flyer (PDF)

List of Borrowers and Project Locations (PDF)

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

ELIGIBILITY

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 RATE

Interest rates are estimated to be from 4.75 to 6%.

CONTACT INFORMATION

Dulcie J. Claassen
Washington Community Reinvestment Association (WCRA)
206-622-6322 | 800-788-6508 (within Washington)
dclaassen@wcra.net | www.wcra.net

David Clifton
Assistant Director, Multifamily Housing & Community Facilities
Washington State Housing Finance Commission
206-287-4407 | (800) 767-4663 (within Washington)
David.clifton@wshfc.org

   

 
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