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Capital Funding for Rural Healthcare – Funding & Opportunities

For additional funding options, please see RHIhub's Online Library: Funding & Opportunities

Rural Economic Development Loan and Grant Program (REDL and REDG)
Loans and grants to assist in the economic development of rural areas, including funds for healthcare facilities and equipment, telecommunications networks, and job creation projects.
Geographic coverage: Nationwide
Application Deadline: Dec 31, 2021
Sponsors: U.S. Department of Agriculture, USDA Rural Development
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: Jan 13, 2022
Sponsors: Community Development Financial Institutions Fund, U.S. Department of Treasury
Rural Energy for America Program (REAP) Renewable Energy Systems and Energy Efficiency Improvements Grants and Guaranteed Loans
Financing and grant funding for agriculture producers and rural small businesses to purchase, install, and construct renewable energy systems or complete energy efficiency improvements. An example of a potential project may be the installation of solar panels for hospitals or clinics to improve energy costs.
Geographic coverage: Nationwide
Application Deadline: Mar 31, 2022
Sponsors: U.S. Department of Agriculture, USDA Rural Development
Rural Health Care Program – Healthcare Connect Fund
Provides assistance to healthcare providers for eligible expenses related to broadband connectivity at a flat discounted rate of 65%. Participants can apply as a member of a consortium or a stand-alone entity.
Geographic coverage: Nationwide
Application Deadline: Apr 1, 2022
Sponsors: Federal Communications Commission, Universal Service Administrative Company
Affordable Housing Loans for Low-Income Rural Communities
Short-term loans at below market interest rates to local nonprofits, for-profits, and government entities that are working to develop affordable housing for low-income, rural communities.
Geographic coverage: Nationwide
Applications accepted on an ongoing basis
Sponsor: Housing Assistance Council
American Rescue Plan Act: Emergency Rural Health Care Grants
Grants to provide emergency funding for eligible Community Facilities applicants to help rural hospitals and local communities increase access to COVID-19 vaccines, testing, healthcare services (including telehealth), and food assistance.
Geographic coverage: Nationwide
Applications accepted on an ongoing basis
Sponsors: U.S. Department of Agriculture, USDA Rural Development
Business and Industry Guaranteed Loans
Loan guarantees to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities.
Geographic coverage: Nationwide
Applications accepted on an ongoing basis
Sponsors: U.S. Department of Agriculture, USDA Rural Development
Community Facility Loans
Loans to help develop and improve essential community facilities in the rural West.
Geographic coverage: Available in 13 western states and the Pacific Islands. See program website for details.
Applications accepted on an ongoing basis
Sponsor: Rural Community Assistance Corporation
Community Health Center Capital Fund LoanPLUS Program
A Community Development Financial Institution (CDFI) program that provides loan capital and technical assistance designed to meet the needs of smaller health centers and/or those with limited financial resources. Health centers that have not been able to access financing through conventional lenders are encouraged to apply.
Geographic coverage: Nationwide and U.S. Territories
Applications accepted on an ongoing basis
Sponsors: Capital Link, Community Health Center Capital Fund
Drinking Water State Revolving Fund (DWSRF)
A federal-state partnership that provides funding and technical assistance to help water systems and states achieve the health protection objectives of the Safe Drinking Water Act.
Geographic coverage: Nationwide and U.S. Territories
Applications accepted on an ongoing basis
Sponsor: U.S. Environmental Protection Agency

Last Updated: 12/1/2021