WELS Church Extension Fund update

· $32.8 million in new loans approved for 43 congregations in fiscal year ending June 30, 2016.

· $4.0 million in matching and special grants approved for 15 congregations and the Board for Home Missions.

· Five new land purchases, 25 new facility projects, and 18 other projects including renovations, increases, and refinances.

· Six mission congregations purchased existing facilities with additional loans for renovations, two missions completed a parsonage purchase, and 16 congregations were approved for new construction loans totaling $28.2 million.