Nonprofit Finance Fund to expand work in state, add grants and loans

The New York City-based Nonprofit Finance Fund earlier this month said it plans to expand its funding and service in Michigan beyond the construction loans it has made the past five years through its partnership with the United Way for Southeastern Michigan.

Under a five-year agreement with the fund, the United Way has provided planning and construction grants through its Nonprofit Facilities Center since 2001, and the fund has provided construction loans, said Carmen Thomas, director of the Nonprofit Facilities Center.

The two organizations, which have also provided facility-planning assistance through the center, are working out the details of their future relationship, but both said they plan to continue the center’s programs.

The Nonprofit Finance Fund and the United Way have provided $13 million in grants and $6 million in loans for 250 facilities projects since they began their joint work at the Detroit-based Nonprofit Facilities Center five years ago.

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