Capital Funding for Rural Healthcare – Funding & Opportunities

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.

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.

Rural Business Development Grants
Supports targeted technical assistance, training, and other activities leading to the development or expansion of small and emerging private businesses in rural areas.

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.

Inflation Reduction Act - Grants to Facilitate the Siting of Interstate Electricity Transmission Lines and Economic Development
Funding for interstate electricity transmission siting and permitting authorities or other types of state, local, or tribal governmental entities to support a wide range of projects that provide benefits targeted to the needs of impacted communities. Economic development projects may include broadband infrastructure, community facilities, affordable housing, and job training, among others.

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.

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.

Business and Industry Loan Guarantees
Loan guarantees to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities.

Community Facility Loans
Loans to help develop and improve essential community facilities in the rural West.

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.