The Congregational Properties and Loan Commission (CPLC) was established in 1996 to promote the growth of Unitarian Universalist Association (UUA) congregations. Since then the CPLC has developed financial assistance programs designed to help congregations purchase land, construct new buildings, acquire existing buildings, undertake major building renovations, add accessibility features, and complete green construction projects.
The CPLC is currently managing 56 building loans with a principal balance of over $7.1 million and unused loan capacity of over $5 million. There are 12 congregations that have UUA loan guarantees. During fiscal 2008, four congregations received First Home Grants and one congregation received a Green Construction Award.
These existing financial assistance programs are functioning well. However, Unitarian Universalist (UU) congregations have asked for an additional loan program.
The purpose of the program is to provide financing for relatively inexpensive projects in three broad categories: congregational mission, environmental stewardship, and critical/emergency.
Projects may include, but are not limited to:
The program will be administered by the UUA director of the Congregational Stewardship Network and the UUA treasurer. They will provide the CPLC with regular updates.
There is a $250 application fee.
The term of the loan will be from three to seven years.
The minimum loan is $15,000 and the maximum loan is $100,000 but must not exceed three-times annual financial commitments from congregants.
The interest rate is set at the time of closing and will be the greater of (i) 5.00% or (ii) the seven-year Treasuries plus *three*-percent.
A congregation must pay 15 percent of the project costs before a small project loan can be approved.
Imagine a congregation with 100 members and an annual budget of $100,000. Part of the sanctuary roof begins leaking and the problem must be addressed immediately. The estimated cost is $47,060. The congregation pays the first 15 percent ($7,060 and borrows $40,000 from the UUA at an interest rate of 7 percent.
Here are the details:
For more information contact congstewardship @ uua.org.
This work is made possible by the generosity of individual donors and congregations.
Please consider making a donation today.
Last updated on Tuesday, April 15, 2014.
Sidebar Content, Page Navigation
More Ways to Search
Small Project Loans Application (Word, 4 pages)
Small Project Loans Application (PDF)
Cash Flow Projection Spreadsheet (XLS)
Cash Flow Projection Spreadsheet (PDF)
Donate to Support This Program and the Ongoing Work of the UUA
Read or subscribe to UUA.org Updates for the latest additions to our site.
Learn more about the Beliefs & Principles of Unitarian Universalism, or read our online magazine, UU World, for features on today's Unitarian Universalists. Visit an online UU church, or find a congregation near you.