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Rural Health
Funding by Sponsor: Community Development Financial Institutions Fund

Summaries of funding programs are provided by RHIhub for your convenience. Please contact the funder directly for the most complete and current information.

New Markets Tax Credit (NMTC) Program
Tax incentives for investments in business and economic development projects in distressed rural and urban counties, including capital investments in healthcare facilities. Investors give to Community Development Entities who then offer low-interest financing to businesses; in return for their investment, investors receive a tax credit against their federal income tax.
Geographic coverage: Nationwide
Application Deadline: Nov 16, 2020
Sponsors: Community Development Financial Institutions Fund, U.S. Department of Treasury
Opportunity Zone Economic Development Program
A program designed to encourage economic development and job creation in distressed communities through tax benefits. Investors may defer taxes on most capital gains up to Dec. 31, 2026 by making an eligible investment in an Opportunity Zone.
Geographic coverage: Nationwide and U.S. territories
Applications accepted on an ongoing basis
Sponsors: Community Development Financial Institutions Fund, U.S. Department of Treasury, U.S. Internal Revenue Service
Capital Magnet Fund Inactive
Grants to finance affordable housing and community revitalization efforts that benefit low-income people and communities.
Geographic coverage: Nationwide
Application Deadline: Jun 26, 2020
Sponsors: Community Development Financial Institutions Fund, U.S. Department of Treasury