New Markets Tax Credits Preparation Program
This funding record is inactive. Please see the program website or contact the program
sponsor to
determine if this program is currently accepting applications or will open again in the future.
Kristin Allen
kallen@caplink.org
The Community Health Center Capital Fund provides technical and financial assistance for Federally Qualified Health Centers that are seeking or considering seeking New Markets Tax Credit (NMTC) financing.
Preliminary technical assistance includes:
- Information about the NMTC program and financing process
- Individual discussions with management about the NMTC program
- Assessment of project eligibility
- Development of a preliminary transaction structure and diagram
- Development of a project timeline to identify key milestones in alignment with expected NMTC allocation cycles
Direct financial support for selected FQHCs will defray a portion of the cost of preparing for 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
Federally Qualified Health Centers that are seeking or considering seeking New Markets Tax Credit financing are eligible to request assistance.
Selection criteria:
- Projects that will be ready for NMTC financing in 2024 or 2025
- Total project costs greater than or equal to $5 million
- Site identified, with address indicating eligibility for NMTC financing (qualification as “more highly distressed” and site control preferred)
- Project must have significant community benefits, such as expanded patient capacity, new services, jobs (especially for community residents), and connection with other community economic development projects
- Health center is not currently working with non-Capital Link NMTC consultant
Preliminary technical assistance is provided free of charge to FQHCs that request assistance.
Financial assistance is not awarded directly. It is used to defray a portion of the cost of preparing for an NMTC financing through Capital Fund and partner Capital Link.
Download the application from the program website.
Email completed application materials to Kristin Allen.
For complete information about funding programs, including your
application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.