MassDevelopment.com: Custom Programs: Nonprofits

Nonprofits range from educational and cultural institutions to health and human service providers. Whether large or small, most rely on a combination of public and private funding. As resources tighten, nonprofits look for creative financing solutions to meet their needs. MassDevelopment can help to bridge any financial gaps with a variety of solutions.

Tax-Exempt Bonds — Used for real estate and equipment projects, and to refinance existing conventional and tax-exempt debt. Interest on the bonds is exempt from federal income taxes – and for certain bondholders is also exempt from state income taxes – resulting in lower interest rates.

Massachusetts Cultural Facilities Fund — Provides Capital Grants and Feasibility and Technical Assistance Grants to promote the acquisition, design, repair, rehabilitation, renovation, expansion, or construction of nonprofit cultural facilities in Massachusetts.

Capital Access Notes — Short-term working capital financing program that provides a source of low-cost funds to alleviate temporary cash flow shortfalls.

TechDollars — Provide 100% financing at below-prime rates for technology equipment purchases and installation by nonprofit organizations with annual revenues of $5 million or less.

Capital Financing 501 — Provides short-term, tax-exempt commercial paper financing that can be borrowed and repaid as needed. The one-application process streamlines subsequent loan closings.

Real Estate Loans — Provide loans and loan participations of up to $5 million for facility acquisition, renovation, construction, and permanent financing.

Guarantees — Secure a portion of a private real estate or equipment loan, providing lenders with incentives to extend credit.

Brownfields Redevelopment Fund — Provides up to $100,000 in financing for environmental site assessments and up to $500,000 in financing for environmental remediation. Site assessment loans are unsecured, zero interest. Remediation loan terms are flexible.

MATCH Program — Offers permanent tax-exempt bond financing ranging from $3 million - $20 million per project for owners of affordable multifamily housing. Bonds are guaranteed by a letter of credit from the Federal Home Loan Bank, giving them a "AAA" credit rating and the lowest possible rates.