Featured Loan: Community Health Initiatives
Expanding access to equitable community care in New York City
$1,200,000 facility loan, $410,000 bridge loan (March 2022)
The mission of Community Health Initiatives (CHI) is to provide outstanding healthcare for New Yorkers — regardless of their ability to pay. A Federally Qualified Health Center (FQHC), this community-based organization offers free and low-cost healthcare for New York residents who may otherwise lack access to quality medical care. From preventive to behavioral health services, CHI takes a holistic approach to the care it provides. As a full-service clinic, CHI delivers comprehensive care to community members who need it most.
In response to growing demand exacerbated by the COVID-19 pandemic, the organization recognized that it needed to expand its facility. The larger site will house additional exam rooms along with a physical therapy area, nurses’ station and clinical work area, urgent care practice, triage and consultation rooms, and additional administrative spaces. NFF's loans will both finance the new center and bridge government grants that will provide the remainder of the financing required to furnish the space.
Public Health Management Corporation: An anchor for community health and employment
$3.7 participation in a $6.2 million bridge loan (March 2023)
PHMC’s Public Health Campus on Cedar is located on a site that formerly housed Philadelphia’s century-old Mercy Hospital. The site was converted in 2021 into a public health campus housing some of the region’s largest healthcare institutions: Hospital of the University of Pennsylvania, Children's Hospital of Philadelphia, and PHMC. The site remains an anchor of the community, supporting community health and providing jobs to residents. The campus is undergoing major renovations to improve systems and infrastructure, with total development costs around $90 million. Once completed, the campus will feature an upgraded hospital, inpatient pediatric behavioral health center, primary care medical and dental services, and several residential and non-residential social service programs. As part of a large financing project, NFF’s participation loan with lead lender PIDC will bridge a grant from the Commonwealth of Pennsylvania Office of the Budget that supports the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects.
Kids First Health Care: Bringing quality care to Colorado youth
$250,000 loan through the Metro Denver Nonprofit Loan Fund (April 2021)
St. John's Episcopal Hospital: Creating space for access to medical care in New York
$5 million construction loan (Jan 2021)
Partners: Capital Impact Partners, CityScape Capital Group, New York City Regional Center, and Chase
Bartz-Altadonna Community Health Center: Making behavioral health services accessible to everyone in the community in Antelope Valley, CA
$2.5 million facility loan (Dec 2020)
Odessa Brown Children's Clinic: Integrated medical care and social services for families in Seattle
$10 million in NMTC sub-allocation (Oct 2020)
Partners: Urban Research Park CDE, LLC, Craft3, and Chase