The art of funding nonprofit real estate projects has evolved, requiring organizations to rethink their approach to funding and financing to supports their sustainability. In years past, capital campaigns were the only source of funds to pay for capital projects. Donors and Foundations were essential to provide resources for the renovation and development of nonprofit facilities. Now, financially sound nonprofits, with a real estate plan approved by the Board of Directors, can develop a plan that includes a capital campaign, financing and city, state and Federal grants where appropriate.
City Projects provides the expertise to navigate the funding and financing landscape to identify and facilitate the implementation of a sound plan for the uses inherent in any real estate project.
Please read the original Art of Funding article here.