Bond Financing for Nonprofit Facilities
•
Program Brochure
•
Application
• Refinance/Refunding
Application *
•
Eligibility
•
List of Our Clients
• Bonds Plus Program
•
CapitalPlus
* ONLY for projects previously financed with tax-exempt debt by the Commission
Tax-Exempt Bond Financing Methods
•
Public Sale
•
Streamlined (STEP)
CapitalPlus
The CapitalPlus program assists nonprofit organizations, housing authorities, and tribal entities 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
CapitalPlus is a $16.5 million dollar revolving loan fund for Washington 501(c)(3) nonprofit organizations, housing authorities, and tribal entities that need to finance:
capital facilities owned and operated by the organization
equipment purchase or capital leases
ELIGIBILITY
Washington 501(c)(3) nonprofit organizations that serve or provide community services with consideration to lower income persons or persons with special needs as well as housing authorities and tribal entities.
MAXIMUM LOAN AMOUNT
Loans may be in any amount up to a maximum of approximately $1,500,000 with terms up to 10 years.
INTEREST RATE
Interest rates are estimated to be from 4%, with higher rates for equipment financing.
CONTACT INFORMATION
Angel Ratliff
Washington Community Reinvestment Association (WCRA)
206-622-6322 | 800-788-6508 (within Washington)
aratliff@wcra.net |
www.wcra.net
Keri Williams
Nonprofit/Community Outreach Lead, Multifamily Housing & Community Facilities Division
Washington State Housing Finance Commission
206-287-4404 | (800) 767-4663 (within Washington)
keri.williams@wshfc.org