Capital Fund is proud to announce the successful closing of an $8.5 million New Markets Tax Credit (NMTC) allocation for Wheeler Clinic, Inc. (Wheeler). Established in 1968 and designated as a Federally Qualified Health Center (FQHC) in 2015, Wheeler has been at the forefront of providing a comprehensive continuum of care across Connecticut. The health center offers primary care, behavioral health, special education, community justice, child welfare, early childhood prevention, wellness, and recovery services to patients of all ages.
Expanding Healthcare Access in Bristol, CT
Wheeler’s latest expansion project involves the construction of a state-of-the-art 48,439-square-foot facility in Bristol, CT. This new location, strategically situated across the street from Wheeler's existing Bristol Health and Wellness Center and 0.4 miles from the Bristol Behavioral Health Center, will consolidate these two smaller sites and relocate Wheeler's administrative offices from Plainville, CT.
Key Features of the New Facility:
- Primary Care and Behavioral Health Services:
- 12 primary care exam rooms
- 18 rooms for behavioral health/psychiatric intakes and individual sessions
- Four treatment rooms for individual, family, and group sessions
- A chiropractic exam room
- A teaching kitchen for nutritional education
- Community and Administrative Space:
- 34,939 sq. ft. dedicated to community programs, administrative offices, and training/conference rooms
Addressing Community Needs
Located in a medically underserved area and a primary care professional shortage area, the new facility will significantly enhance healthcare access for the community. With over 70% of patients considered low-income with pre-existing conditions, Wheeler's expansion will provide critical services, including:
- Integrated behavioral health for children/adolescents and adults
- Pediatric and adult primary care
- Care management
- Child/adolescent and adult psychiatric care
- Medication-assisted treatment for substance use disorders
The new site addresses a significant unmet need in Bristol, where nearly 14,418 low-income residents currently lack access to health center services. The facility's state-of-the-art amenities and expanded services will ensure comprehensive care for the most vulnerable populations.
Economic and Community Impact
The development of Wheeler’s new facility also plays a vital role in the economic revitalization of downtown Bristol. The site, which has been vacant for more than 20 years, will now become a cornerstone of community development. As a state-funded behavioral health trainer for state employees and non-profit providers, Wheeler anticipates an influx of 50-100 trainees visiting the site weekly, contributing to the local economy and supporting nearby developments, including mixed-use and apartment projects.
Capital Fund's Commitment
This transformative project was made possible through the collaborative efforts of Capital Fund, US Bank/Twain, and Thomaston Bank, resulting in a total project budget of $25.7 million. Capital Fund's $8.5 million NMTC allocation has been instrumental in bringing Wheeler’s vision to life, with the facility set for completion in July 2024.
Schedule a free consultation with Brandon Boyle, Senior Director of Loan Programs, at This email address is being protected from spambots. You need JavaScript enabled to view it. to learn how we can support your health center’s planned expansion.
Recently, the successful completion of a $2.5 million working loan from Capital Fund enabled Albany Area Primary Health Care, Inc. (AAPHC) to replenish cash reserves used to cover costs of two health center expansion projects, increasing access to care in underserved areas of southwest Georgia.
Founded in 1979, AAPHC is the largest community health center in the region, serving a diverse population across Baker, Calhoun, Crisp, Colquitt, Dooly, Dougherty, Lee, Thomas, and Terrell counties. With 22 locations and 11 school-based health centers, AAPHC provides a comprehensive range of services, including primary care, internal medicine, family medicine, pediatrics, OBGYN, podiatry, dentistry, vision care, behavioral health, and pharmacy services.
Projects Funded
Lee Health Center, Leesburg, GA
In response to substantial population growth in Lee County over the past 15 years, AAPHC transformed their long-time location, Lee Medical Arts Center, into a brand new 16,000-square-foot health center. This modern facility, which opened in May 2023, replaced the original, smaller clinic, which had operated since 1979. The new site, purchased for $800,000 and renovated at a cost of approximately $2.2 million, was funded entirely from AAPHC’s cash reserves—which were replenished by Capital Fund’s $2.5 million contribution.
Lee Health Center now offers expanded services beyond primary care for adults and pediatrics, including dental, optometry, podiatry, behavioral health, and an in-house pharmacy. The clinic anticipates serving over 30,000 patients in its first fiscal year, a significant increase from the 19,000 patients served at the previous facility. This growth is expected to generate an additional $1.3 million in annual revenue.
Dawson Medical Center, Dawson, GA
Thanks to a generous land donation from the chairman of the health center’s board, AAPHC constructed a new 9,000-square-foot clinic in Dawson, GA. This new facility, which doubled the size of the previous clinic leased from Phoebe Putney Memorial Hospital, was built at a total cost of $2 million. However, the award of a $1 million grant reduced the health center’s financial burden to $1 million.
The Dawson clinic now provides family medicine, pediatrics, dentistry, behavioral health, and optometry services. In FY2023, the larger facility recorded just over 10,000 patient visits, a 30% increase in the clinic’s patient visits.
AAPHC’s Impact
In 2022, AAPHC’s 390 full-time equivalent staff members served 49,139 patients through 195,742 visits. Ninety-seven percent of AAPHC’s patients who reported their income were at or below 200% of the Federal Poverty Level, underscoring AAPHC’s essential role in providing accessible healthcare to underserved populations.
Schedule a free consultation with Brandon Boyle, Senior Director of Loan Programs, at This email address is being protected from spambots. You need JavaScript enabled to view it. to learn how we can support your health center’s planned expansion.
With support from Capital Fund, Community Health Care Systems, Inc. (CHCS), has further extended its reach in providing care in rural, medically underserved areas in Central Georgia with the addition of a 19th clinic site. Capital Fund is proud to contribute $2.5 million to this $3.6 million project.
CHCS is a Federally Qualified Health Center (FQHC) operating in 14 counties in Central Georgia through soon-to-be 19 locations. In addition to Capital Fund’s loan, financing for this project also includes $1.1 million from Primary Care Development Corporation (PCDC).
Slated to be completed in fall 2024, the new 11,500-square-foot building will primarily serve as administrative offices, while also housing their behavioral health hub and newly-added chiropractic services—an offering made possible by this project. The new building will also have an X-Ray room, saving patients a trip to the nearby hospital. The project is estimated to increase patient visits by 86%, from 65,083 in 2021 to a projected 121,350 in 2031.
The clinic will have a dedicated board room as well as training room that will not only serve CHCS employees but also the greater community, with the health center offering educational programs. The administration building will have two reception areas, multiple offices, conference rooms, break rooms, a kitchen, space for cubicles, an IT room, and ample storage options—a feature not available in their nearby Tennille location. By moving administration to the new site, CHCS will free up space at their Tennille site to introduce optometry services. With the new service offerings and the construction of the new site, full-time equivalent employees (FTEs) are estimated to increase 15% by 2031.
CHCS was incorporated in 1992 to develop and administer comprehensive health care and support services to residents in and around their counties. Additionally, CHCS also provides health education, disease prevention programs, community outreach, and enrollment services. CHCS believes everyone is entitled to quality care that meets their needs regardless of their ability to pay.
For a free consultation about how Capital Fund can support your planned expansion, please contact Brandon Boyle, Senior Director of Loan Programs, at This email address is being protected from spambots. You need JavaScript enabled to view it..
Community Health Development, Inc. (CDHI)’s recent $16.4 million capital project in Uvalde, TX, is not only expanding area health services, but also investing in the future of its young community members. In addition to growing its medical, dental, behavioral health, preventative health, and pharmacy services, the expansion will also introduce a workforce development program for local youth. Capital Fund is proud to contribute both a $3.4 million source loan and a $200,000 direct loan to this project.
Construction is currently underway for the new, modern 16,000-square-foot primary care clinic, which will expand patient services, provide support and educational services to staff, and serve as a community resource to other non-profits in Uvalde. The integration of medical and social services in one location will be a long-awaited convenience due to limited local transportation options.
In addition to Capital Fund’s contribution, the project is also being financed through a $16 million New Markets Tax Credit (NMTC) allocation from TransPecos Development Corp.
The new health center will consist of six medical exam rooms, three dental operatories, a behavioral health office, a clinical work area for medical providers and nurses, a dental work area, a lab, pharmacy, medication room, two sterilization rooms, and an enabling services office. It will also house an office space with eight workstations and two administrative offices, a workforce development area and internet café, seven offices dedicated to legal aid and social services, a large lobby, training and meeting rooms, a breakroom, kitchen, and multiple storage areas.
Partnering with Big Brothers Big Sisters of America, the health center will offer a program that allows youth to use virtual reality to explore various career choices and emerging technologies. Nearly all non-provider staff for the health center will be hired from the local community, offering competitive, livable wages compared to other large employers in the area. Additionally, CHDI is working with the state PCA as one of five health centers engaged in a pilot apprentice program focused on training medical assistants. If successful, this program will expand to include dental assistants and pharmacy technicians.
In 2022, CDHI delivered care to 11,709 patients across 44,751 visits through 121 full time equivalent employees (FTEs) at five locations. Of the patients who reported their income, 85% were at or below 200% of the Federal Poverty Level. Per the 2020 census, Uvalde County has a total population of 24,565, and it is estimated that 19% of the population lacks health care coverage. However, due to Uvalde’s proximity to the Mexican border, there is a large migrant population not always reflected in census data, leading CDHI to estimate a higher actual population.
The new health center is located in a medically underserved area with a 32.50% poverty rate and an unemployment rate 1.81 times the national average. As a Federally Qualified Health Center (FQHC), CHDI is dedicated to serving all patients regardless of their ability to pay. The health center strives to be the provider of choice for their community blending comprehensive patient-centered services, staff engagement, the latest technology, community partnerships, and strategic relationships.
For a free consultation about how Capital Fund can support your planned expansion, please contact Brandon Boyle, Senior Director of Loan Programs, at This email address is being protected from spambots. You need JavaScript enabled to view it..
In a groundbreaking move for sustainable healthcare, Capital Fund is excited to support Collective Energy Company, LLC, with a strategic loan aimed at enhancing environmental and health outcomes. This partnership marks a pivotal moment, showcasing our commitment to innovative solutions that address both health and environmental challenges.
Collective Energy, based in Ojai, California, has embarked on a mission to equip 23 Federally Qualified Health Centers (FQHCs) with state-of-the-art solar and energy storage systems. The project, valued at approximately $8.6 million, leverages solar tax credits covering 30% to 50% of the system costs, making these vital upgrades accessible and affordable.
Capital Fund has provided a $5 million loan, with $3 million funded directly by us and an additional $2 million potentially sourced from a participating lender to meet the project's full financial needs. The Kresge Foundation has generously offered a 20% guarantee for the loan, reinforcing the financial stability and sustainability of this initiative.
The solar systems will enable health centers to purchase power at rates equivalent to their current electrical expenses, with the option to buy the systems after six years. This not only ensures financial predictability but also contributes to significant environmental benefits. We are currently exploring metrics to quantify the environmental impact of our loans, such as kilowatt-hours produced and the equivalent number of trees saved.
This project serves as a model for future initiatives that aim to integrate sustainability into community health efforts. By reducing operational costs and minimizing environmental impact, Collective Energy is setting a new standard for how health services can contribute to a healthier planet. Learn more about Collective Energy here >
To learn more about how Capital Fund and our affiliate Capital Link are innovating at the intersection of health and environmental sustainability, and to stay updated on our projects, visit chargepartnership.org. You can also contact Brandon Boyle, Director of Loan Programs at Capital Fund, at This email address is being protected from spambots. You need JavaScript enabled to view it..
Bronx Community Health Network (BCHN) in New York recently closed funding on their first physical health center facility. Capital Fund is proud to support this project with a $4,653,000 bridge loan, with an expected total budget of $8,535,000.
In addition to Capital Fund’s contribution, the project will be funded with NMTC equity, grants, including a grant from the Health Resources and Services Administration (HRSA), and the health center’s own cash on hand.
The financing will support the purchase and renovation of a 11,000 square foot building allowing BCHN to open its first site sooner than they would if they were to engage in new construction. This state-of-the-art community-based, multi-service Federally Qualified Health Center (FQHC) is designed to provide co-located, integrated medical, behavioral, and oral health services as well as podiatry, pharmacy, and complementary health promotion, education, outreach, social supports, care coordination, and chronic disease management services.
As a patient- and community-centric facility, the project incorporates activity spaces for all age groups such as afterschool programming, fitness, cooking, health, and financial literacy workshops. The clinic will also provide care through face-to-face, telehealth, and telephonic patient encounters as well as in-home visits and assessments as needed. Additionally, clinical and administrative systems will be streamlined and digitalized to achieve optimum operations and financial efficiencies, data tracking and analysis, program evaluation, and internal and external stakeholder satisfaction.
Bronx Community Health Network has an 18-year history of providing quality care to their community, acting as a pass-through entity for the Montefiore Health System. Located in a diverse area, BCHN has always prided themselves on creating a health center without walls, to break down barriers in care and increase access, and quality of care without exceptions. This unique positioning has allowed them to provide access to comprehensive, quality, affordable medical, behavioral, and oral health care as well as social determinants of health-related services to clients who otherwise might not have received care.
To learn more about Capital Fund’s loan products, including our LoanPlus program, please contact Brandon Boyle, Senior Director of Loan Programs, at This email address is being protected from spambots. You need JavaScript enabled to view it..
In response to an increase in patient demand in the community it serves, Virginia Garcia Memorial Health Center (VMHC) in Oregon is embarking on a $25.4 million purchase, renovation, and expansion project to more than double the size of their previously leased facility. Capital Fund is proud to support this project with an $8 million New Markets Tax Credits allocation. The Health Resources and Services Administration (HRSA) is contributing a $1 million grant as well as a $2.1 million earmark, and the health center is contributing its own cash investment.
The project will expand the existing clinic from 8,786 sq. ft. to 22,733 sq. ft. and reconfigure the existing space to better serve patients and staff. Notably, an elevator will be added, making the second floor accessible to all. The new facility will continue to house primary care services, dental, mental health, medication-assisted substance abuse treatment services, and a pharmacy. The project will enable the health center to serve 25% more patients, increase visits by 22%, and hire 18% more permanent staff to serve a larger patient base.
There is an impressive sustainability aspect to the project which will help meet VGMHC’s Path to Net Zero energy-efficient design and performance targets, established by the Energy Trust of Oregon (ETO). The health center worked with ETO, architects, engineers, and eco-construction professionals to develop plans to support energy efficiency goals set for the facility. VGMHC is also determining the feasibility of pursuing the Architecture 2030 Challenge that requires an 80% reduction in energy consumption. One of the eco-friendly aspects of the project is the addition of solar panels on the roof which will generate 89,000 kWh and substantially offset electricity usage for the entire building.
Virginia Garcia Memorial Health Center was founded in the mid-1970’s in a three-car garage after the health center’s namesake, a six-year old daughter of farmworkers, died from what should have been a treatable infection. Today, the health center provides services to over 43,000 patients per year in Washington and Yamhill counties at five primary care clinics and pharmacies, six dental clinics, a Women’s Clinic, and five school-based clinics. VGMHC also provides outreach to schools, community health fairs, and to migrant and seasonal farmworkers at local camps and commercial nurseries through their mobile clinic. The health center provides high quality, comprehensive, and culturally appropriate primary health care to the communities that they serve.
To learn more about Capital Fund’s loan products, including our LoanPlus program, please contact Brandon Boyle, Senior Director of Loan Programs, at This email address is being protected from spambots. You need JavaScript enabled to view it..
Due to high patient demand at its 4725 Market Street location in San Diego, CA, Family Health Centers of San Diego (FHCSD)—one of the 10 largest health centers in the country—has embarked on a $24.6 million building expansion project, called The Diamond II – Family Counseling and Wellness Center. Capital Fund is proud to support this project with an $8 million New Markets Tax Credit (NMTC) allocation.
In addition to Capital Fund’s allocation, the project will also be funded through an $11 million NMTC allocation from Civic Communities Partners, Inc., and the health center’s cash on hand.
The Diamond II will be a five-story structure with four levels of parking topped by a 20,500-square-foot clinic, which will include a women’s health suite, a physical rehabilitation suite, and a mental health suite. The women’s health suite will consist of 12 exam rooms, two offices for perinatal case management, a fetal non-stress test room, as well as nursing and provider stations. The physical rehabilitation suite will consist of six chiropractic treatment rooms, five sports medicine treatments rooms, a large gym style physical therapy area, and provider stations. The mental health treatment suite will have 22 behavioral health therapy rooms and two behavioral health group treatment rooms.
The new clinic will allow FHCSD to increase annual patients by 25%, from 161,436 in 2022 to a projected 201,865 by 2030. Patient visits are also expected to increase by 31%, growing from 1.03 million in 2022 to nearly 1.4 million in 2030. This project will also grow community jobs, increasing FTEs from 2,054 to 2,716 in 2030—a 32% jump.
The Diamond II Center will be located in the Diamond I Center’s 85,000-square-foot parking lot. Both clinics will continue to operate upon completion of the Diamond II project, set to open in August 2024.
As one of the 10 largest Federally Qualified Health Centers (FQHC) in the United States, FHCSD operates 73 sites across San Diego County along with multiple mobile medical units. For 50 years, FHCSD’s mission has been to provide caring, affordable, high-quality health care and support services to the communities in which they operate. The health center is focused on identifying and improving the impact negative of social drivers of health on communities. This mission has resulted in FHCSD expanding beyond primary health care and into health research, housing, employment training, and job opportunities for its low-income patients and their families.
To learn more about Capital Fund’s loan products, including our LoanPlus program, please contact Brandon Boyle, Senior Director of Loan Programs, at This email address is being protected from spambots. You need JavaScript enabled to view it..
As part of the CHARGE Solar Partnership with our affiliate, Capital Link, Capital Fund is providing lending opportunities to health centers looking to invest in solar energy options.
Purchasing Equipment:
Capital Fund will lend funds to health centers looking to purchase and install a solar system and/or battery energy storage. For those interested in learning more, please contact Brandon Boyle, Senior Director of Loan Programs, at This email address is being protected from spambots. You need JavaScript enabled to view it., or Tim Murphy, Loan Officer, at This email address is being protected from spambots. You need JavaScript enabled to view it..
Leasing Equipment:
For health centers that prefer to lease solar and battery equipment rather than purchase, please contact Andrew MacCalla, CHARGE partner at Collective Energy, here. Capital Fund will lend Collective Energy the funds to support the purchase of this equipment.
The CHARGE Partnership is creating a nationwide resilient power and clean energy program for Federally Qualified Health Centers (FQHCs).
Motivated by the urgent need to tackle issues at the intersection of health equity, climate change, environmental justice, and financial and operational resiliency, CHARGE is working to create a clean energy solution that will support populations most vulnerable to power outages in areas disproportionately burdened by chronic disease, the impact of poverty, and racial and ethnic health inequities.