Nonprofit Organization Real Estate Question

[Larry H.]

I've had the desire for a while to create a nonprofit organization and purchase a single family house to provide free housing for families who have a child as a patient at the Children's Hospital. I'm doing some preliminary research and I feel like we need at least one more rental to have the extra cash flow in order to help pay for the recurring costs. My plan is to collect donations until we have enough to purchase a house with cash. My question is, if I purchase a house in the nonprofit corporation using cash, would it be legal to get a HELOC from the equity in that house to purchase a rental property in a separate LLC to help pay for the recurring costs of the charity house?