New and Noteworthy

 

Grant Opportunity for Health Centers Seeking NMTC Financing in 2019 & 2020 

If your health center has a capital project of $5 million or more that you intend to finance with New Markets Tax Credits (NMTC) between 2019 and 2020, now is the time to prepare for this complex but highly beneficial financing source.

To assist with the preparation process, Capital Link’s affiliate Community Health Center Capital Fund will award up to seven qualified health centers with grants of $20,000-$50,000 each to support technical assistance provided by Capital Link. To date, Capital Link has assisted health centers in raising more than $614 million through NMTC financing—more than half of all funds raised through the NMTC Program for FQHCs.

Don’t delay! Applications are due on Wednesday, May 30, 2018. Awardees will be announced in early June 2018. 

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For help in determining whether NMTC financing could be a good fit for your health center, please contact Jonathan Chapman, Capital Link’s Director of Community Health Center Advisory Services, at This email address is being protected from spambots. You need JavaScript enabled to view it..

 

Capital Funding Opportunity for Health Centers Affected by Recent Hurricaines 

Health centers located in Alabama, Florida, Georgia, Louisiana, Puerto Rico, South Carolina, Texas, and the U.S. Virgin Islands that were impacted by Hurricanes Harvey, Irma, and/or Maria have the opportunity to apply for one-time support for minor alteration/renovation (A/R) and/or equipment costs. On May 14, HRSA announced the fiscal year 2018 Capital Assistance for Hurricane Response and Recovery Efforts (CARE) supplemental funding opportunity for existing Health Center Program award recipients. CARE funding will assist health centers with their disaster response and recovery activities, helping to ensure continuity of access to primary health care services in hurricane-impacted areas. Centers in AL, FL, GA, LA, SC, and TX can receive support of up to $280,000 while centers in PR and USVI can receive up to $560,000; work needs to be completed between September 1, 2018 and August 31, 2020. Applications are due in HRSA’s Electronic Handbooks by 5:00 pm ET on Thursday, June 14, 2018. Application resources are available on the CARE technical assistance website.

With support from HRSA, Capital Link prepared several resources to assist health centers affected by the recent hurricanes and wildfires in obtaining Federal Emergency Management Agency (FEMA) funding for damaged or destroyed facilities. Resources include a general disaster recovery resource, which every health center should add to its emergency preparedness plan, as well as one-page customized resources for each of the recent disaster declarations. These resources are available here on our website and will be updated as new information becomes available.