Capital Fund Receives $50M NMTC Allocation Award to Support Health Centers
If your health center needs additional funding for an upcoming expansion or renovation project, Capital Fund may be able to help!
On July 15, 2020, Capital Fund received a $50 million New Markets Tax Credit (NMTC) allocation award from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund. This award will enable us to increase lending to health centers seeking to finance facilities and operational growth to better serve its communities and expand access to care.
Due to the large volume of inquiries for this program we are asking all interested parties with an FQHC project to complete and submit an intake form. The form will allow Capital Fund to determine if your project meets our minimum standards and will begin to inform us about your project. All organizations which meet our minimum requirements will be contacted by Capital Fund staff. Capital projects of $5 million or above are ideal candidates for this allocation, and for the upcoming application cycle through which $5 billion will be awarded.
To provide more information about this opportunity, Capital Fund and our affiliate Capital Link recently hosted a webinar, $3.5 Billion NMTCs Just Awarded – How to Pursue NMTC Funding for Your Project. Click here to listen to the recording and access the slides.