New financing solution for non-profits

Adaptability Canada offers financial solutions for non-profit organizations that serve seniors and disabled people.

Adaptability Canada has partnered with Northwood Mortgage to create targeted financial solutions for consumers and non-profit organizations that serve seniors and persons with disabilities, along with their families.

The Accessible Community Loan Program, the first of its kind, is designed to allow Canadian non-profits that own and operate buildings to access construction financing for large projects of $250,000, or more. This provides an alternative for these organizations as they may not have been able to borrow money from Canada’s traditional banks.

The program is based on a three-year term and allows the organization to make interest-only payments throughout the first year to give them a headstart.

With this financial solution, organizations can focus on raising funds through various means to repay the loan without the added pressure of making principle payments until the second year of the term.

“The Accessible Community Loan Program is a good starting place for organizations considering accessibility renovations,” said Jeff Wilson, CEO of Adaptability Canada. “Non-profit organizations are often located in older buildings that are not accessible to members and other people with disability. Non-profits unable to offer accessibility room rentals are not getting their needed revenue, often a significant part of their annual budgets.”


Just Posted

Thousands cycle to conquer cancer

The 11th annual Ride to Conquer Cancer took place Saturday morning, Aug. 24 in Surrey, B.C.

Vernon Pizza Huts raise dough for diabetes research

Vernon Pizza Hut locations raised more than $3,000 for the Juvenile Diabetes Research Foundation

COLUMN: Trudeau trips his way towards election campaign

Glenn Mitchell thinks the drama teacher in Canada’s Prime Minister is coming through

Vernon sewer hook-up smells fishy

Okanagan Landing resident questions City of Vernon timing on counter-petition plan

Trudeau to meet with U.K. and Japanese prime ministers ahead of G7 summit

French President Emmanuel Macron, this year’s G7 host, has little expectations of a unified front from the leaders

PHOTOS: Brazil military begins operations to fight Amazon fires

Amazon fires have become a global issue, escalating tensions between Brazil and European countries

Racist confrontation in Richmond parking lot caught on camera

Woman can be heard yelling racial slurs, swear words at woman in apparent parking dispute

Okanagan Nation bringing overdose awareness to Syilx Okanagan communities

The Purple Ribbon Campaign for International Overdose Awareness Day is Aug. 28

Groups ready campaign to help young voters identify ‘fake news’ in election

The media literacy campaign to focus on identifying misinformation and suspicious sources online

Big rally in northern B.C. draws attention to continuing lumber crisis

Mayor Joan Atkinson says about 400 workers have been directly affected by the closure of the Canfor mill

Orangeville Northmen take Minto Cup at Langley Events Centre

Swept best-of-five series 3-0 over Victoria Shamrocks

Expanded support to help B.C. youth from care attend university still falling short

Inadequate support, limited awareness and eligibility restrictions some of the existing challenges

Ethnic media aim to help maintain boost in voting by new Canadians

Statistics Canada says new Canadians made up about one-fifth of the voting population in 2016

Most Read