East Bay Center for Performing Arts held its grand opening in October 2011 and Bank of America announced that they will be a recipient of the 2011 Neighborhood Excellence Initiative Award in the Neighborhood Builders category. The organization will receive $200,000 in operating support – $100,000 annually for 2 years. They will also receive specially designed leadership development programs. Congratulations to this wonderful organization!
The new facility, located in the City of Richmond had a $3 Million gap in financing. NCCLF’s Consulting Department helped them close the gap using New Market Tax Credits for their new facility. NCCLF also assisted in identifying project team members with experience in complex financing tools.
NCCLF, the manager of OrgSpaces, is actively involved in Arts and Economic Development. We’ve found that most art organizations are great at what they do but few arts organizations understand the underlying business model needed to manage their real estate. NCCLF is an active also an active participant in Mid-Market redevelopment efforts. This effort focuses on the creation of a creative community that will help jump start the revitalization efforts in the Mid-Market District.
The United States Department of Agriculture provides grants to support regional economic development strategies and promote job creation through the Rural Business Opportunity Grant Program. The program promotes sustainable economic development in rural communities and regions with exceptional needs.
The Rural Business Assistance program provides training and technical assistance grants for business development, entrepreneurs, and economic development officials and assists with economic development planning. Funding is available to rural public bodies, nonprofit corporations, Native American tribes and cooperatives with primarily rural members that conduct activities for the mutual benefit of the membership.
Application instructions may be obtained here, or by contacting a USDA Rural Development State Office. The United States Department of Agriculture administers several other funding programs focused on rural development; at the USDA Rural Development site, you can learn how to strengthen your community through grants and loans from the federal government.
The Mills Act Program can allow owners of historic properties to enter into contracts with local governments, providing economic incentives for the restoration and preservation of historic buildings. Owners of historic buildings may qualify for property tax relief if they pledge to improve and maintain the historical and architectural character of their buildings for at least a ten-year period.
This program is especially beneficial for recent buyers of historic properties and for current owners who have made major improvements on their properties. Note that the Mills Act Program is different from the Historic Preservation Tax Credit Program (pdf), but the two can often be used together by a nonprofit organization. Participants may realize substantial property tax savings between 40% and 60% each year because valuations of Mills Act properties are determined in a unique way.
Local governments decide whether and how to implement the Mills Act Program in their area; property owners in San Francisco can learn more from this application (pdf) and from their local Mills Act Contacts.
The Mills Act Program can allow owners of historic properties to enter into contracts with local governments, providing economic incentives for the restoration and preservation of historic buildings. Owners of historic buildings may qualify for property tax relief if they pledge to improve and maintain the historical and architectural character of their buildings for at least a ten-year period.
This program is especially beneficial for recent buyers of historic properties and for current owners who have made major improvements on their properties. Note that the Mills Act Program is different from the Historic Preservation Tax Credit Program (pdf), but the two can often be used together by a nonprofit organization. Participants may realize substantial property tax savings between 40% and 60% each year because valuations of Mills Act properties are determined in a unique way.
Local governments decide whether and how to implement the Mills Act Program in their area; property owners in Oakland can refer to this brochure (pdf) and get in touch with their local Mills Act contacts for more information.
The Mills Act Program allows owners of historic properties to enter into contracts with local governments, providing economic incentives for the restoration and preservation of historic buildings. Owners of historic buildings may qualify for property tax relief if they pledge to improve and maintain the historical and architectural character of their buildings for at least a ten-year period.
The Mills Act Program is especially beneficial for recent buyers of historic properties and for current owners who have made major improvements on their properties. Note that the Mills Act Program is different from the Historic Preservation Tax Credit Program (pdf), but the two can often be used together by a nonprofit organization. Participants may realize substantial property tax savings between 40% and 60% each year because valuations of Mills Act properties are determined in a unique way.
Local governments have the authority to implement the Mills Act Program. Property owners of historic structures should check with City of San Jose to see if your building qualifies for the program.
Any decision about facilities and property requires careful consideration and strategic planning. This site’s online resources can help clarify the process. Reviewing the intricacies of San Francisco leasing laws will help nonprofit tenants in the city make informed decisions. Before signing a lease, learn how the building’s operating expenses (PDF), common space (PDF) and effective rent (PDF) can affect your organization’s financial load.
Napa Valley Community Housing is an organization that develops attractive, well-built, affordable housing for Napa County’s low and moderate income residents. The agency offers its residents opportunities to improve their quality of life through its Family Empowerment program, designed specifically to help tenants learn to govern themselves and provide access to on-site health care, job training and educational services. To help finance their latest project, Oak Creek Terrace, Napa Valley Community Housing turned to the Northern California Community Loan Fund for a $200,000 predevelopment loan to help cover the costs for the new construction. NCCLF also provided a $680,000 loan to finance the acquisition of the 1.77-acre property for the project to be built on. Oak Creek Terrace is an affordable rental housing project that will consist of 41 units and include a community room with a computer center, a playground, and a picnic area. The project will be built in collaboration with Burbank Housing Development Corporation, an experienced nonprofit developer.
More than 500 community benefits organizations make their home in Solano County. To grow and continue to strengthen the community, Solano County’s nonprofits need access to local real estate resources. This site connects you with service providers and government agencies for your real estate project so that your program will thrive.
We are actively seeking partnerships and information regarding your county. Please contact us with any pictures, suggestions or ideas. In the meantime, feel free to post your space needs and connect with other nonprofits in your county.
