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Loans

Board Approved Loan Terms and Requirements

Bahá'í Center Assistance Corp. (BCA) has established the following loan options to provide local communities with assistance with certain improvements to local facilities. The options are as follows:

  • Energy-related improvements. Increasing energy costs and environmental impacts from energy use increase the need for local energy-related improvements. Moreover, energy savings pay for these improvements. BCA requires that the projected return of investment cost be realized in less than 36 months. The loan amount is limited to not more than 75% of the total project cost or $50,000, whichever is less.
  • Safety-related renovations. Communities may need to upgrade facilities for safety reasons, and/or to conform to current codes, accessibility requirements and make them more presentable and user-friendly. Total renovation loans will not exceed 50% of the total renovation cost or $100,000, whichever is less.

Approved Loan Terms and Requirements

[ PDF 326KB]

 

 
 
   
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