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Rural Health Information Hub

Community Vitality and Rural Healthcare – Funding & Opportunities

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

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: Dec 19, 2023
Sponsors: Community Development Financial Institutions Fund, U.S. Department of Treasury
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, 2023
Sponsors: U.S. Department of Agriculture, USDA Rural Development
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 that have fewer than 50 employees and less than $1,000,000 in gross revenues.
Geographic coverage: Nationwide
Application Deadline: Feb 28, 2024
Sponsors: U.S. Department of Agriculture, USDA Rural Development
Community Economic Development Planning Grants
Funding for community development corporations to build administrative capacity to design a sustainable business project and package a competitive grant application. An application should be submitted in a Community Economic Development competition within the 12 months of the end of the project period. Applications from rural areas are encouraged.
Geographic coverage: Nationwide
Application Deadline: May 13, 2024
Sponsors: ACF Office of Community Services, Administration for Children and Families, U.S. Department of Health and Human Services
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.
Geographic coverage: Nationwide
Applications accepted on an ongoing basis
Sponsors: U.S. Department of Agriculture, USDA Rural Development
Community Heart & Soul Planning, Technical Assistance, and Seed Grant Program
Community Heart & Soul is a community development process that engages residents in identifying what they love about their community, the future they want for it, and how to achieve it. Activities and objectives are determined by communities, and projects have included volunteerism, healthcare access, social programs, transportation, broadband, and emergency preparedness, among others. Seed grants are offered to qualifying small cities and towns interested in implementing the Heart & Soul model.
Geographic coverage: Nationwide and U.S. Territories
Applications accepted on an ongoing basis
Sponsor: Community Heart & Soul
Economic Development Assistance Public Works and Economic Adjustment Assistance Programs
Funding to support the implementation of regional economic development, including public works projects and job creation projects. Past projects have included funding for water and wastewater projects in hospitals and healthcare facilities and road infrastructure projects that would support the expansion of healthcare facilities. Rural, tribal, and other underserved communities are a program priority.
Geographic coverage: Nationwide
Applications accepted on an ongoing basis
Sponsor: Economic Development Administration
Economic Impact Initiative Grants
Funding to assist in the development of essential community facilities in rural communities that have extreme unemployment and severe economic depression.
Geographic coverage: Nationwide
Applications accepted on an ongoing basis
Sponsors: U.S. Department of Agriculture, USDA Rural Development
HUD Distressed Cities and Persistent Poverty Technical Assistance (DCTA) Program
Technical assistance to build capacity of local governments experiencing economic distress, specifically in smaller communities with populations under 50,000. Assistance will help local governments and their nonprofit partners in alleviating persistent poverty.
Geographic coverage: Nationwide
Applications accepted on an ongoing basis
Sponsor: U.S. Department of Housing and Urban Development
HUD Section 242: Hospital Mortgage Insurance Program
Loan and mortgage insurance program to help acute care hospital facilities with remodeling, expansion, modernization, equipment, refinancing, and acquisition. Small, rural Critical Access Hospitals are eligible to apply.
Geographic coverage: Nationwide
Applications accepted on an ongoing basis
Sponsors: Federal Housing Administration, U.S. Department of Housing and Urban Development

Last Updated: 12/4/2023