NFF Lends $3 Million In Working Capital to Housing Works
Since 1990, Housing Works has touched more than 20,000 lives through its provision of stable housing, health care, meals, mental and behavioral health services, and job training for those affected by homelessness and AIDS. But because of state changes in the way that medical providers bill certain services, Housing Works faced major reimbursement delays.
NFF's provision of a loan and line of credit totaling $3 million will allow Housing Works to manage working capital needs and continue to provide their clients with the highest quality of service as the Medicaid landscape changes. "Thanks to NFF's tailored loan, we have the working capital needed to continue providing lifesaving services to homeless and low-income New Yorkers living with HIV-AIDS," said Matthew Bernardo, COO of Housing Works.