Strengthening Our Mission: CHC Capital Fund Secures $1.15M in Combined Grant and Loan Funding from Opportunity Finance Network
We are pleased to announce a significant bolstering of our financial resources through our long-standing partnership with Opportunity Finance Network (OFN). Community Health Center Capital Fund has been awarded a $150,000 grant from OFN and has closed on a $1 million Program-Related Investment (PRI) loan. This combined $1.15 million in support will enhance our capacity to serve community health centers and the communities they represent.
The $150,000 grant provides flexible resources to support our core operations and mission. It will be used to help community development financial institutions (CDFIs) like ours expand access to capital in communities across the United States.
The $1 million PRI is a seven-year loan that will bolster Capital Fund’s capital base for our lending activities. This investment will allow us to finance larger projects for community health centers, enabling them to expand facilities and increase access to healthcare services.
“This combined $1.15 million award of grant and loan capital is a strong endorsement of our work and enhances our ability to serve,” said Becky Regan, President and CEO of Community Health Center Capital Fund. “Our long-standing partnership with OFN enables us to ensure that community health centers have the capital they need to serve their patients and grow. We are grateful for their continued trust and investment.”
This award reflects OFN’s commitment to the community development sector by empowering CDFIs to meet needs across the country. To learn more about our work and how we support community health centers, visit chc-capitalfund.org