Thursday, January 31, 2013

Do You Have the Information You Need to Complete the New Access Point Application?

The Health Resources and Services Administration (HRSA) recently announced the opportunity for health centers to apply for New Access Point (NAP) grants, due in EHB by April 3rd (grants.gov deadline is February 27th). Subject to the availability of appropriated funds, HRSA anticipates awarding approximately $19 million to support an estimated 25 New Access Points grant awards this fiscal year, supported by the Affordable Care Act. The maximum annual amount of funding that can be requested in a NAP application is $650,000. 

One important component to completing some of the program specific forms in the NAP application is a strong understanding of your market. Forms 4 and 9, for example, request details on “Community Characteristics” and the “Need for Assistance.” If you don’t have accurate statistics for these forms, consider conducting a market assessment. A market assessment includes defining a service area, collecting information on the demographic, economic and health needs profile, including health indicators; all of which is required for the NAP application.  Capital Link regularly completes market assessments for community health centers. For more information, contact Rebecca Polan at rpolan@caplink.org.
For the full NAP announcement and guidance, please visit this link:
http://www.hrsa.gov/grants/apply/assistance/nap/

Thursday, January 17, 2013

Winter Webinar Series Unveiled!



Capital Link is continuing our series of webinars for health centers and PCAs with sessions on a wide range of topics. These webinars have no charge, but participation is limited to the first 100 registrants. Register today! Contact Joe McKelvey at jmckelvey@caplink.org or 202-331-4602 with any questions.

Click here
to link to our registration form!

Sustainable Design: The Costs and Benefits of Incorporating Green Design Principles into your next Capital Project

Thursday, January 24th, 2-3 PM EST
Presenters: Joe McKelvey, Capital Link Project Consultant
, Cindy Barr, Capital Link Operations and Facilities Planner, and Zara Marselian, La Maestra Community Health Center

Among the questions facing health centers in the midst of capital projects is how to best incorporate green design features into their new facility.  Health center leaders often struggle to understand what’s expected of them from governments and other stakeholders and what resources are available to build facilities that are sustainable for the long term.  This session will review a variety of resources available to help health centers navigate this issue.  We will also hear from a health center that recently completed a capital project that creatively incorporated green design principles to not only create a more sustainable design, but also to attract additional funding for the project.

Finding Free or Affordable Financing: Creative Ways to Finance Your Project
Wednesday, February 6th, 2-3 PM EST
Presenter: Terry Glasscock, Capital Link Senior Project Consultant

Health centers are growing quickly to serve as many patients as possible, but the availability of federal funds and other traditional resources is rapidly changing. It is critical for health centers to be able to access affordable financing options to ensure growth happens quickly and in a cost-effective manner.  This session will explain how to create a credible business plan and discuss the essential elements of a financial forecast.   Finally, we will review a variety of financing options and weigh the pros and cons of each. 


How New Markets Tax Credits Can Help Your Capital Project
Thursday, February 7th, 2-3 PM EST
Presenter: Dan Woodman, Capital Link Project Consultant

Congress recently reauthorized the New Markets Tax Credit program—creating a  great opportunity for health centers seeking additional equity for their projects.  This session will review the basics of the New Markets Tax Credit Program, including key action steps to determine your eligibility, and discuss how it can be advantageous to your health center.  The session will also review how New Markets Tax Credits can be combined with HRSA and other capital grants and various loans—including from USDA—to lower your financing costs.


Much Better than Guessing:  How to Successfully Project Future Patient Growth and Payer Mix in the Midst of Health Reform

Wednesday, February 13th, 2-3 PM EST
Presenter: Dave Kleiber, Capital Link Project Consultant

Despite a whirlwind of growth driven by the Affordable Care Act and demographic shifts, health centers still must strategically plan for a variety of uncertainties before expanding.  State decisions to adopt the ACA’s Medicaid expansion or whether and how to implement state-based health insurance exchanges are a critical part of this equation.  This session will guide health centers through the process of projecting patient growth based on a variety of different assumptions. Using the tools featured in this webinar, health centers will be able to make better informed decisions about growth and expansion.

We hope you will join us!

$100 Million “Healthy Futures Fund” Launched to Expand Access to Health Care and Affordable Housing



On January 14, Morgan Stanley, The Kresge Foundation and the Local Initiatives Support Corporation (LISC) announced the launch of a first-of-its kind $100 million investment fund designed to expand access to health care and affordable housing for low-income residents and fund critical social services that help link the two in impoverished neighborhoods. Capital Link and Community Health Center Capital Fund are pleased to be partners in this unique collaboration. 

Called the Healthy Futures Fund, the initial capital will help build 500 housing units with integrated health services and to construct eight federally qualified health centers that will serve an estimated 75,000 people and create 2,200 jobs in hard-hit communities. The fund provides an excellent opportunity for health centers to access low-cost financing for capital projects that will allow them to offer needed services to residents of low/moderate income housing.

Responding to the anticipated demand of 20 million new health care consumers created by the Affordable Care Act, the Healthy Futures Fund intentionally builds connections between health care providers and housing developers to provide real solutions. The fund is utilizing federal Low Income Housing Tax Credits, federal New Markets Tax Credits, grants, loans and guarantees to raise capital. Morgan Stanley is investing $63 million in equity through the Low Income Housing and New Markets Tax credits. The Kresge Foundation, LISC and Morgan Stanley are providing another $37 million in loan and grant capital for the projects.
Grant funding to support planning and technical assistance activities for health centers intending to apply for financing through this program will be available to a limited number of health centers.  Contact Mark Lurtz at mlurtz@caplink.org for details.

To access the press release, visit Capital Link’s website at www.caplink.org/news

Wednesday, January 2, 2013

New Markets Tax Credit Program Extended in Final Fiscal Cliff Deal



In a victory for increased investment in low-income communities, the recently passed legislation to avert the so-called “fiscal cliff” included language extending the New Markets Tax Credit program for two additional years.  The extension will provide up to $3.5 billion in tax credit allocation in both 2013 and 2014.  Now that the program has been extended, the Treasury department can begin the process of awarding allocations to 2012 applicants.  Allocation awards will likely be announced in spring, and Capital Link is working to ensure that health centers are lined up with potential NMTC allocatees and prepared with financeable business plans prior to the announcement.  Once the announcement is made, allocation will be allotted to eligible projects very quickly, so health centers should prepare now.  If you’d like more information about the program, feel free to visit our website for a copy of our recent publication “Spotlight on Capital Resources: New Markets Tax Credits”.  To learn more, you can also contact Mark Lurtz at 636-244-3082 or mlurtz@caplink.org.