Check out ORGspaces.org!
ORGspaces.org provides reliable information and space-matching services to help guide nonprofits through the real estate maze. ORGspaces.org’s services include:
- Facility Matchmaking that connects nonprofits that need space to nonprofits that have space available.
- Tools and Resources, including expert chats and webinars, city and county property tax information, and a calendar of related events in your community.
- Vendors who specialize in nonprofit facility services, including real estate brokers, architects, general contractors, and interior designers.
To learn more, visit ORGspaces.org!
For any questions, comments or concerns regarding ORGspaces.org, please contact Cristian Martinez at (415) 392-8215 ext. 320 or cmartinez@ncclf.org
NCCLF Increases Maximum Loan Size and Term
NCCLF is excited to announce two significant changes to our lending program. In May of this year, the NCCLF Board of Directors approved doubling our maximum loan size from $1 million to $2 million, and increasing our maximum loan term to ten years.
In increasing our maximum loan size, NCCLF is responding to a demonstrated need among our borrowers. Since 2005, our lending team has closed ten loans larger than $1 million, requiring us to find additional loan participants to fund critical projects. This increase in loan size will allow us greater flexibility in supporting the unique needs of nonprofit borrowers. Equally important, we will be able to finance larger and more comprehensive projects, benefitting a greater number of low-income families and underserved neighborhoods. “Northern California is one of the most expensive real estate markets in the country, and our clients have a growing need for more capital to fund their projects,” said Dutch Haarsma, NCCLF Senior Vice President and Director of Lending. “Responding to unmet credit need has always been a hallmark of the fund. In these difficult times, our loans are needed more now than ever.”
Extending our maximum loan term from five years to ten years will also benefit NCCLF’s nonprofit borrowers. We can now make long-term permanent loans, which can be repaid over an extended period through operating income or from a capital campaign. Very few organizations like NCCLF offer ten-year loan terms; NCCLF will be filling a financing gap faced by many nonprofits looking for long-term financial support. “Permanent financing is the key to financial feasibility for many nonprofit projects,” said Haarsma. “We are looking forward to helping more organizations sustainably build these important safety-net projects in our community.”
NCCLF 7th Annual Spring Event
On May 19th, the Green Room at the San Francisco War Memorial was filled with over 250 people, all gathered to hear the perspective of NCCLF’s 7th Annual Event speaker, Amy Domini. Founder and CEO of Domini Social Investments and a “Responsibility Pioneer”, Amy responded to a set of interesting questions posed by KQED 88.5 FM’s Scott Shafer. Amy spoke about the history of the Socially Responsible Investment (SRI) movement, the current state of SRI, and what the future may hold for individuals committed to making a difference in their communities through their investment opportunities.
Amy Domini responds to a question from Scott Shafer. Photo courtesy of Manzanares Photography.
NCCLF President Mary A. Rogier presided over the evening’s activities. Kirke Wilson, Vice Chair of NCCLF’s Board of Directors, joined Mary to present the 2010 Community Impact Awards to one agency and two women who have made a critical difference in our neighborhoods and communities.
Joseph Smooke, Executive Director of the Bernal Heights Neighborhood Center (BHNC), accepted the Award on behalf of his agency. BHNC promotes community action for justice and equality, focusing on affordable housing, meal programs, job training, health care management, and youth programs.
Jane Baker, a local artist and community activist, was honored for her leadership in helping to found NCCLF nearly 23 years ago, and for her long term commitment to socially responsible investing.
Jenny C. Flores, Vice President, Northern California Community Relations Division Manager with Citi, was our third honoree. In addition to Jenny’s many professional accomplishments through her work at Citi, we were pleased to recognize Jenny for her commitment and personal service to the community.
We paid tribute to George Williamson, who passed away in January, 2010, by presenting his wife and family with a Board Resolution on his many contributions to us and to our industry. George served with distinction on the NCCLF Board of Directors for over 15 years.
Retiring Board members Pamela Merchant and Jonathan Klein were also recognized. Both served on the NCCLF Board for many years and have each contributed much time and creativity to NCCLF.
The evening ended with two superb performances by the young members of Youth Radio, an innovative NCCLF nonprofit client. A beautiful vocal performance and a high-powered, high-energy dance by members of Youth Radio’s dance group “Get Wit It” were enthusiastically received by the audience.
Members of Youth Radio's dance group perform at NCCLF's Spring Event. Photo courtesy of Manzanares Photography.
NCCLF Supports Housing California
Housing CA works directly with affordable housing champions like Habitat for Humanity, who provided a home to the Montiero family after theirs was lost in a fire. Photo courtesy of Jerome Love.
Established in 1979, Housing California (HCA) is our state’s leading advocacy and research group for affordable housing. HCA’s mission is to increase the supply of decent, safe, accessible, and permanently affordable homes for homeless and low-income Californians. Headquartered in Sacramento, HCA also hosts the nation’s largest affordable housing conference. Historically, nearly two-thirds of HCA’s revenue is generated from the conferences it produces, but the economic downturn recently led to a drop in conference revenue. While HCA successfully met the challenge of this decline by attracting significantly increased grant support, the less predictable timing of grant disbursements left it with short-term liquidity needs. The organization turned to NCCLF for a line of credit to guard against any potential future cash flow management challenges. NCCLF is proud to provide security and peace of mind to this innovative organization as they continue to bring affordable housing issues to the forefront of California’s legislative process.
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Welcome to NCCLF
Since 1987 we have been dedicated to strengthening the economic base of low-income communities by assisting community-based organizations and enterprises that promote housing, economic development, human services, and models of participatory ownership and management.
