Capital Fund is partnering with its affiliate, Capital Link, to provide the New Markets Tax Credit (NMTC) Preparation Program. The program’s goal is to assist health centers in preparing for and securing project financing using New Markets Tax Credits, often the most advantageous but complex financing source for health center capital projects.

Through the NMTC Preparation Program, Capital Link will provide an initial phase of technical assistance to participating health centers, funded in part by Capital Fund. An application must be submitted to participate in the program. All applications will be reviewed and a select number of health center applications will be approved for Capital Fund grant funds to support a portion of the cost of a Capital Link engagement agreement to develop the materials needed for a successful NMTC financing application. 

Please submit application materials by January 2, 2024 to:
Kristin Allen at This email address is being protected from spambots. You need JavaScript enabled to view it. 

Preliminary Assistance: Initial Capital Link assistance for program participants may include: discussions with management about the NMTC program; an explanation of the process; assessment of project eligibility; and preparation of a preliminary sources and uses of funds statement, as appropriate. This assistance will be supported by Capital Fund and will be free to all applicants.

Financing Assistance Services: Following the Preliminary Assistance phase, Capital Link will select health center applicants for direct grant support to defray a portion of the cost of preparing for NMTC financing. The chosen centers must demonstrate overall readiness to proceed with a financing process. Capital Link will work with each of the selected centers to develop a tailored set of project deliverables, which will position each health center to be competitive for NMTC allocation and potentially secure financing. Development activities supported by the program may include a market assessment, financial forecast, operational plan, or similar documents related to the NMTC application.

Upon successful completion of the program, participants will be submitted for priority consideration for any allocation held by Capital Fund. Capital Link will also utilize its well-established network of CDE/CDFIs to seek additional allocation as necessary for each project.