Roeder & Company, LLC and Enhanced Community Development are pleased to announce the closing of a $4 million Oregon New Markets Tax Credit financing for the expansion of ShelterCare’s current administrative headquarters into a hub of services for families, clients, volunteers, and staff. The facility, located in Eugene, OR, will offer the benefits of having a variety of specialists co-located under one roof, spaces for group and private sessions, and the therapeutic benefits of providing treatment in a professional setting. The renovation will include modular offices, conference rooms, small private spaces for confidential client meetings, and a large space for training and community meetings. Additionally, the facility will include a warehouse for construction materials, supplies for housing units, and a maintenance shop to coordinate repairs to, and furnishings for, ShelterCare’s over 300 housing units.
“[The facility] will bring enormous benefit to approximately 1,700 families and individuals served each year. The opportunity to integrate services and expand outreach through a central hub for ShelterCare will benefit our community for many years to come,” said Susan Ban, Executive Director of ShelterCare. ShelterCare is a nonprofit corporation based in Eugene, OR that offers a variety of housing support services for the homeless or those facing homelessness with a committed focus on homeless families and the community’s most vulnerable individuals dealing with psychiatric disabilities and acquired brain injuries.
ShelterCare originally purchased the existing building using Oregon’s Small Nonprofit Accelerated Program (SNAP) Bonds, a program through which the Oregon Finance Authority issues bonds that are then purchased by a participating bank.
“After closing transactions for ShelterCare, SAGE, and Ride Connection, we’ve proven that the Oregon State NMTC program can be utilized in deals as small as $4 million, and in a manner that accommodates other non-traditional financing sources such as SNAP bonds, federal and state grants, third-party lenders, and capital campaigns still in process,” said Reynold Roeder, CEO of Roeder & Company, LLC. “These investments will all have a tremendous positive impact in the community and happened because the Oregon NMTC Program is such a flexible financing tool.”
The expansion of the service hub is expected to be completed in August of 2014. For more information on ShelterCare, please visit www.sheltercare.org.
“[The facility] will bring enormous benefit to approximately 1,700 families and individuals served each year. The opportunity to integrate services and expand outreach through a central hub for ShelterCare will benefit our community for many years to come,” said Susan Ban, Executive Director of ShelterCare. ShelterCare is a nonprofit corporation based in Eugene, OR that offers a variety of housing support services for the homeless or those facing homelessness with a committed focus on homeless families and the community’s most vulnerable individuals dealing with psychiatric disabilities and acquired brain injuries.
ShelterCare originally purchased the existing building using Oregon’s Small Nonprofit Accelerated Program (SNAP) Bonds, a program through which the Oregon Finance Authority issues bonds that are then purchased by a participating bank.
“After closing transactions for ShelterCare, SAGE, and Ride Connection, we’ve proven that the Oregon State NMTC program can be utilized in deals as small as $4 million, and in a manner that accommodates other non-traditional financing sources such as SNAP bonds, federal and state grants, third-party lenders, and capital campaigns still in process,” said Reynold Roeder, CEO of Roeder & Company, LLC. “These investments will all have a tremendous positive impact in the community and happened because the Oregon NMTC Program is such a flexible financing tool.”
The expansion of the service hub is expected to be completed in August of 2014. For more information on ShelterCare, please visit www.sheltercare.org.
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