Rural Hospitals – 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.

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.

Rural Health Network Development Planning Program
Grants to promote the planning and development of integrated rural healthcare networks in order to achieve efficiencies; expand access to, coordinate, and improve the quality of essential healthcare services; and strengthen the rural healthcare system as a whole.

American Hospital Association Next Generation Leaders Fellowship
A fellowship program designed to empower healthcare leaders to bring about lasting change in the hospital and health systems in which they serve. Rural applicants are encouraged.

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.

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.

Primary Care Development Corporation Financing and Technical Assistance
Primary Care Development Corporation is a Community Development Financial Institution that provides loan products, training, resources, and technical assistance/business development services for healthcare providers in under-resourced communities with the goal of transforming and expanding primary care. Rural providers are encouraged to apply.

SBA 7(a) Guaranteed Loans
Loan guarantees to financial institutions that provide loans to small businesses (including small healthcare practices) for working capital, equipment purchase, real estate purchase, building construction/renovation, business acquisition, and debt refinancing.

Carolyn Boone Lewis Equity of Care Awards Inactive
Honorary awards that recognize hospitals and health systems that have made exceptional efforts to advance equity of care to all patients and spread lessons learned and progress toward diversity, inclusion, and health equity.

American Hospital Association Dick Davidson NOVA Awards Inactive
Awards that recognize innovative hospital/health system collaborations working to improve community health status.