The primary purpose of this commission is to support financing and refinancing of church buildings, church building construction, or expansion projects. The program was established at the 1960 Minnesota Annual Conference to assist local churches in financing new and expanding church facilities. The support comes in the form of a loan guarantee. This loan guarantee by the commission adds the credit of the annual conference to that of the local church and therefore may lower the interest rate charged by the bank on the loan. The cost to the local church is 0.25 percent of the amount guaranteed. Commission members have a broad background in finance and related disciplines and should be viewed as a resource for churches contemplating capital projects. For more information contact Rev. Gail Alexander or Barb Brower.
Minnesota Annual Conference of the United Methodist Church