Community Health Center Capital Fund

www.chc-capitalfund.org

Community Health Center Capital Fund

Community Health Center Capital Fund (Capital Fund) supports the growth and development of

community-based health centers serving low-income and uninsured populations by providing capital

structured to meet health centers’ needs. As a certified community development financial institution

(CDFI), Capital Fund offers targeted direct loans to health centers for capital financing, equipment, and

operational requirements. In addition to lending its own capital, Capital Fund manages several health

center loan programs utilizing capital raised from third parties. Drawing on decades of experience with

health centers, Capital Fund also provides underwriting services and helps facilitate favorable tax credit

financing. Capital Fund seeks to leverage its loans and programs through relationships with multiple

external sources of capital, which together can meet the capital financing needs of health centers. One

of Capital Link’s founding partners, Capital Fund, now serves as its lending affiliate.

CDFI Story: Care Resource, Miami, FL

Care Resource was founded in 1998 following a merger between Health Crisis Network and

Community Research Initiative, two research institutions that led the fight against AIDS in the

epidemic’s early days. Today, Care Resource operates five health centers across Miami and South

Florida. In June 2019, Care Resource broke ground to transform its existing 22,000 sq. ft., two-

story Midtown Miami headquarters building into a 55,000 sq. ft., seven-story community health

center. Once completed in early 2021, the reconstruction project will enable the facility to house an

additional 14 exam rooms, 10 dental stations, and a 1,271 sq. ft. retail pharmacy. Financing for

Care Resource’s $34 million expansion included NMTC and a direct loan from Capital Fund, a

NMTC equity investment and loan from Primary Care Development Corporation, a Health Center

Program grant from the Health Resources and Services Administration, a loan from National

Cooperative Bank, and the health center’s own cash investment.

Financial and Social Impact

• 17 states have received loans for health centers from Capital Fund, totaling $110 million

• $227 million leveraged from other sources to complete project financing

• 732,000 sq. ft. of construction by health centers in high need communities made possible by Capital Fund financing

• 2,077 construction jobs supported

• 1,366 health center jobs projected to be created upon completion of current projects

• More than 309,000 patients projected to receive services annually by health centers financed by Capital Fund

40 Court Street, 10th Floor

Boston, MA 02108

Phone: 617.988.2230

Fax: 617.542.0191

Contact

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August 2020