Capital Fund recently received a $55 million allocation from the CDFI Fund and is excited to begin placing the allocation with Federally Qualified Health Centers.
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Through the NMTC Preparation Program, Capital Fund will support an initial phase of free technical assistance to participating centers offered through its affiliate, Capital Link. In addition, for a select number of centers, Capital Fund will provide grants to support a portion of the cost of a Capital Link engagement agreement to develop the materials needed for a successful NMTC financing.  

Please submit application materials to: This email address is being protected from spambots. You need JavaScript enabled to view it. 

Preliminary Assistance: Initial Capital Link assistance—entirely supported by Capital Fund and free to program participants—will include:

• Group webinar to review and explain the NMTC program and financing process
• Individual discussions with management about the NMTC program
• Assessment of project eligibility

Direct Grant Support: Following the Preliminary Assistance phase, Capital Fund will select 5 – 7 centers for direct grant support to defray a portion of the cost of preparing for an NMTC financing.

Common components supported by grant funding may include:

• A transaction summary, detailing the proposed project and its expected community benefits;
• A full business plan and 7-year financial projections;
• NMTC structuring, including securing leverage debt (if needed);
• Guidance and assistance throughout the closing process.
  
  

We will also be hosting an informative webinar about the NMTC program. Register below: 

Webinar: NMTC Financing Preparation - A Closer Look

Tuesday, January 17, 2023 from 4-5 PM EST

Are you considering utilizing New Markets Tax Credits to help finance your health center capital project? You may have heard that you can net about 18-20% of your total project costs in what eventually becomes the equivalent of a grant, and that the process is not for the faint of heart – and you would be right on both counts. Over $1B of FQHC capital projects have been funded through this process, so you can do it, but it will help to know a bit about what you are getting into. This webinar will provide you with that and a whole lot more.

Presenter: Dave Kleiber, Senior Project Consultant, Capital Link

REGISTER HERE >