As published in Worship Facilities Magazine, March/April 2011
The underwriting hurdles may be a bit higher, but the loans are out there for churches seeking to fund building projects. And for church officials, that puts the spotlight on raising the funds in a campaign that successfully encourages parishioners to participate in supporting capital project efforts.
In many respects, while there may be some changes at the margin, “There is nothing really new under the sun” when it comes to capital campaigns, according to Steve Anderson, vice president of Virginia Beach, Va.-based Church Development Services Inc. (CDS), a provider of house consulting, design, fundraising, construction, and financing services for churches needing to build.
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