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.

Program Flyer (PDF)

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 purchases 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