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Agenda Item 3 - Discussion on Proposed Nonprofit Capital Funding Policy and Criteria
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Agenda Item 3 - Discussion on Proposed Nonprofit Capital Funding Policy and Criteria
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8/31/2018 3:37:25 PM
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BOCC
Date
9/6/2018
Meeting Type
Work Session
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Agenda
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Background <br />0 At the June 12, 2018 BOCC Meeting Board Directed Staff to: <br />➢ Develop Capital Funding Policy for Nonprofits <br />➢ Establish Loan Eligibility Criteria for Nonprofits <br />➢ Determine terms for $100,000 loan to Inter -Faith <br />Council for Social Services, Inc. <br />➢ No indication of funding from the Towns <br />➢ Identify future funding sources for Revolving Loan structure; <br />Finance recommends Community Loan Fund <br />ORANGE COUNTY <br />NORTH CAROLINA <br />
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