The Healthy Futures Fund (HFF) and Capital Link are offering new resources to help health centers seeking financing for projects that address the social determinants of health. A collaboration between the Local Initiatives Support Corporation (LISC), Morgan Stanley, and The Kresge Foundation, HFF launched in 2012 with an initial investment of $100 million, which is now fully deployed, and recently announced an additional investment of $100 million. Utilizing New Markets Tax Credit (NMTC) financing, HFF is seeking to finance innovative, groundbreaking projects that will serve as models for the unique ways in which FQHCs are collaborating with partners to improve the health of their communities.
In addition to providing attractive financing, HFF is offering a free HFF Readiness Program, sponsored by LISC and Kresge, for a limited number of FQHCs interested in obtaining financing through the HFF. Offered through Capital Link, the HFF Readiness Program is available to select health centers through a competitive application process. Those that successfully complete the technical assistance program will be eligible for HFF grant funding to advance their project planning.
Given the level of interest and time needed to coordinate partner activities, we've extended the application deadline for the HFF Readiness Program to March 25, 2016 at 5 p.m. ET.
Access the application here.
Ideal projects will include those that involve collaborations between health centers and other community partners that expand access to health care while also addressing at least one other critical community need, such as affordable housing, access to healthy food, job training, schools, elder care, and other community wellness projects.
Learn more by visiting Capital Link's HFF Readiness Program web page or www.healthyfuturesfund.org. Contact Jonathan Chapman, Capital Link’s Director of Community Health Center Advisory Services, at firstname.lastname@example.org for details.