Programs

  • Real Estate Rescue and Impact Programs

    UNDER OUR REAL ESTATE RESCUE PROGRAM, THE PREVIOUS REAL ESTATE RESCUE PROPERTY, HOUSING FOR SEX TRAFFICKING VICTIMS, WAS ABLE TO BE PURCHASED BY THE NONPROFIT. WE WERE ABLE TO HELP PRESERVE AN AURORA FOOD BANK NONPROFIT FACILITY FROM DISPLACEMENT. WE ACQUIRED THE FACILITY, SET UP REDUCED AND STABLE RENT, AND CREATED A PURCHASE OPTION FOR THREE YEARS, SHIELDING THE PROPERTY FROM MARKET APPRECIATION AND GIVING THE NONPROFIT TIME TO BUY THE FACILITY. UNDER OUR REAL ESTATE IMPACT PROGRAM, TWO OF OUR OUTSTANDING REAL ESTATE IMPACT LOANS WERE PAID OFF - ONE FOR AN AFFORDABLE HOUSING DEVELOPMENT AND THE OTHER FOR A NONPROFIT WAREHOUSE. WE ALSO CREATED MORE EDUCATIONAL RESOURCES ABOUT THIS PROGRAM AND MISSIONAL REAL ESTATE LENDING AND WORKED ON DEVELOPING PARTNERSHIPS WITH OTHER NONPROFITS. UNDER OUR REAL ESTATE DONATION PROGRAM, WE FACILITATED FOUR DIFFERENT REAL ESTATE DONATIONS FOR TWO DIFFERENT NONPROFITS. THREE OF THESE WERE FULLY COMPLETED WITH THE SALE OF THE DONATED LOTS, GENERATING INCOME FOR THE NONPROFITS WITH A SMALL PORTION DESIGNATED FOR REAL ESTATE IMPACT AND RESCUE PROJECTS. WE ALSO CREATED MORE EDUCATIONAL RESOURCES ABOUT REAL ESTATE DONATIONS TO HELP NONPROFIT FUNDRAISERS DEVELOP THEIR ORGANIZATIONS WITH THESE GIFTS.
    Geographies
    Not indicated
    Dates
    Jul 1, 2020 – Jun 30, 2021
    Source
    990
    No causes provided
    No populations provided
    –
    $324.5K