- About WSHFC
- Bond Financing
- Housing Credit
- Property Managers
The Commission's Nonprofit Facilities Financing Program provides nonprofit 501(c)(3) organizations access to tax-exempt bond financing.
NEWS & HIGHLIGHTS
Lower interest rate loans
More funds available for operations or endowment
Less dependence on grants and other financing
Efficient use of donor gifts
Cash management flexibility
For smaller projects using STEP, savings are typically one to two percentage points below market rates. The interest rates are set by lenders and will vary among lending institutions. For larger projects, when borrowing typically exceeds $5-7 million, investment banks market the bonds to retail and institutional investors. In these cases interest rates are lower than for smaller projects, but the financing process is more complex and associated fees are larger. The borrower can still realize significant savings.
The Commission’s Nonprofit Facilities Programs help 501(c)(3) organizations across Washington state buy, build, renovate, and refinance their community facilities. MORE...
CONTACT US EARLY IN THE PROCESS
To obtain the most benefit from this program, it helps to contact us as early as possible in the financing planning process. We often start working with nonprofits during the preliminary capital campaign planning stage. Many decisions made early on will affect your fundraising and financing flexibility.