Construction Workers
Nonprofits, Community Facilites & Services Recommendations

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  • Provide an increased tax deduction (double) for donations to organizations serving low-wealth and low-income people and communities.
  • Within the U.S. Small Business Administration (SBA), create a loan guaranty program for nonprofit community facility projects (similar to SBA’s 7A program). Develop a pilot program for business loans to nonprofits.
  • Develop a tax-exempt bond product within the U.S. Treasury Department’s Community Development Financial Institutions Fund that offers long-term, favorable-rate financing for projects ranging in value from $500,000 to $3 million.
    Read more recommendations    As federal, state, and local governments continue to cut funding to nonprofits, creative financing has become even more critical.
  • Establish a leveraged grant fund within the U.S. Department of Health and Human Services to catalyze the building of new and expanded community health facilities modeled after New York’s Community Health Center Capital Grant Program.
    Read more recommendations    That program requires a match, leverages private resources, and reduces the overall cost of capital, making expansion affordable to many providers unable to build reserves or equity because of the low-income patient populations they serve. Funds should cover the cost of preconstruction services and technical assistance, construction, and start-up working capital.
  • Expand and increase appropriations for the federal Charter Schools Program and the Charter School Facilities Program within the U.S. Department of Education.
  • Create a pool of flexible capital for the acquisition, improvement, renovation, or construction of quality early care and education facilities in the appropriate federal agency
    Read more recommendations    , such as the U.S. Department of Housing and Urban Development, U.S. Department of Health and Human Services, or the U.S. Department of Education.
  • Establish a community economic development fund within the Federal Home Loan Bank (FHLB) System analogous to the Affordable Housing Program by modifying the FHLB System’s RefCorp payment obligation.
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