§ 129295 Nonprofit Facility Loan Insurance

• •The government can help protect loans for non-profit groups that want to build or improve facilities, even if they don't have a license to run them.
• •The non-profit must have a long-term lease with a service provider chosen by the regional center to operate the facility.
• •Only up to 100 facilities can get this kind of loan help.
• •The total amount of money for all these loans cannot be more than $100 million.

A non-profit group wants to build a new community center for people with disabilities but doesn't have a license to run it.

They can still get a loan with government help if they sign a long-term lease with a service provider approved by the regional center. This way, the center can be built and run properly, even though the non-profit isn't running it directly.