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February 20, 2003

Housing Finance Commission

A new program will offer non-profit organizations in the state access to low-interest loans of up to $500,000. The Washington State Housing Finance Commission and the Washington Community Reinvestment Association have begun offering the program, called Capital Plus. The "below-market loans" are available for non-profits needing facility or equipment financing. The housing commission will initially put up $3 million that the reinvestment association will administer. For more information, see www.wshfc.org and www.wcra.net.




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