NFF has loans available for California providers of supportive housing, elder care, behavioral health, and other essential community services.
The "Triple Aim" (higher-quality care, with better health outcomes, at a lower cost) is driving changes across the US health universe, such as shifts to value-based payment models, and partnerships between community-based organizations and hospital systems, particularly in low-income communities.
Community organizations need capital – to expand programs, pilot new care and payment models, upgrade systems and facilities, hire staff, etc. – so they can orient their programs and partnerships to play their crucial role in this revolution.
Maybe your organization is a recuperative-care nonprofit hoping to fight homelessness and hospital and jail readmissions by adding beds as a bridge between the hospital and permanent housing. Or a food-as-medicine nonprofit hoping to partner with a health plan to lower costs and improve outcomes for patients with chronic diseases.
AIM Healthy™, launched in December 2017, offers loans and lines of credit, as well as financial management advice and consulting, to help bridge gaps in capacity and infrastructure. These investments ultimately will yield reduced health disparities and improved health and resilience for low-income individuals and communities.
AIM Healthy's customizable products include:
- facility loans
- loans for growth and expansion
- bridge loans
- equipment loans
- lines of credit
Interest rates of 4.5-6.5%; terms up to 10 years
NFF will work with each borrower to develop and track measurable objectives. We'll also capture and share AIM Healthy's learnings about how flexible loan capital can help community organizations expand health services. Click here to read more about NFF's work at the intersection of health and human services.
NFF recently financed a deal to help Hill Country Community Clinic build a new comprehensive health center in Redding, California. Hill Country Community Clinic offers integrated medical, dental, chiropractic, and mental health services to everyone, regardless of their ability to pay. With $11 million in NMTC sub-allocation and $10 million in loans, including investment from NFF’s AIM Healthy Fund and participation from Dignity Health, Hill Country Community Clinic is another step closer to the construction of a new 35,000 square foot health center that will serve over 9,000 patients annually once fully operational. The project, Center of Hope, will also include 16 units of supportive housing for young adults transitioning out of homelessness.