Primary Care Capital Fund

Drinking Water Revolving Loan Fund

Public Project Revolving Fund

State Buildings & Automation Project Financing

Water and Wastewater Grant Fund

Local Government Planning Fund

Water Project Fund/Water Trust Board

Applications

207 Shelby Street

Santa Fe, NM 87501

Phone: (505) 984-1454

Toll Free: (877) ASK-NMFA

Fax: (505) 992-9635

frontdesk@nmfa.net

Primary Care Capital Fund (PCCF)

Revolving loan fund
Flat interest rate of 3%
Provides funding to rural health clinics for capital infrastructure and equipment projects
No funding cycle – applications accepted year-round
Estimate of projects to be funded in 2002: $1 million

The Primary Care Capital Fund (PCCF) was created in 1994 as a revolving fund in the State Treasury to provide loans and other financial assistance for the repair, renovation, construction, or expansion of primary care health clinics, as well as the purchase of capital equipment in health-care under-served areas of the state. This program, jointly administered by the New Mexico Department of Health (DoH) and the NMFA, is designed for primary care facilities with less than $10 million in assets. Loans are provided at a flat 3% interest rate for 15 years.

PCCF applications are reviewed by a panel consisting of NMFA and DoH staff, with the NMFA taking responsibility for credit analysis and the DoH taking responsibility for programmatic analysis and eligibility. Upon joint recommendation by this panel, successful applicants are referred to the NMFA Finance/Loan Committee and thence to the full NMFA Board for final approval.

Since the inception of this program, the PCCF has funded 13 projects totaling approximately $5.72 million.

To obtain a PCCF application, contact:

NM Department of Health -- PCCF

Attn: Gabriel Chavez

625 Silver Avenue, Suite 201

Albuquerque, NM 87102

Phone: 505-841-5870

This page last modified: 01/06/06