Healthcare Georgia Foundation https://www.healthcaregeorgia.org announced a five year $500,000 investment to Community Health Center Capital Fund https://www.chc.capitalfund.org to provide low cost fixed rate five to seven year term loans to Georgia’s Federally Qualified Health Centers (FQHC).
The foundation is going to provide the resources needed to prevent poor health outcomes for Georgians. The goal is to have the people in the state attain their fullest potential for health and well-being. The foundation works to achieve this goal by providing strategic grants to advance the health and well-being of all Georgians.
The Community Health Center Capital Fund supports the growth and development of community-based health centers serving low-income and uninsured populations by providing capital to help health centers attain their needs.
Capital fund makes loans using sources for capital from local banks and the New Markets Tax Credits program to support the growth and development of FQHCs in Georgia. Capital Fund works with their affiliate Capital Link and the Georgia Primary Care Association to help FQHCs access loans for construction and/or permanent financing for facilities and to sustain or expand a range or primary and preventive health services in an efficient, cost-effective manner.