Friday, May 22, 2015

Capital Link Awarded USDA Grant to Assist Rural Health Centers

Capital Link has been awarded a $75,000 grant through the USDA Rural Development's Rural Community Development Initiative (RCDI) program. Funds will be used to provide technical assistance and training in collaboration with regional Primary Care Associations/consortia to support 15 rural health centers in high-need states. Capital Link is one of 31 community-based organizations across the US selected for the RCDI grants, which will help small rural communities create jobs and boost economic development. Access the press release here.

Tuesday, May 19, 2015

New Markets Tax Credit Program Update Now Available

The New Markets Tax Credit (NMTC) Program can be a powerful financing tool for health center capital projects. Capital Link’s latest resource publication, Spotlight on Capital Resources: New Markets Tax Credit Program Update, focuses on this valuable option and is now available to health centers and PCAs on our website.

Serving as a follow up to our initial NMTC Program resource published in 2012, this publication provides new information including:
  • Why health centers should consider an NMTC transaction
  • How to qualify for the NMTC Program even if your project is located in a seemingly non-eligible census tract
  • How to “wind-up”, or realize the equity of, a NMTC transaction as it nears the end of the seven-year tax credit period

To date, Capital Link has assisted 43 health centers in obtaining over $552 million in financing for projects totaling over $669 million using NMTCs. To find out how Capital Link can help your health center capitalize on this financing option, please contact Mark Lurtz at mlurtz@caplink.org.