Primary Care Capital Fund / Behavioral Health Capital Fund
The New Mexico Finance Authority provides loans for capital needs to nonprofit primary care and behavioral health clinics located in rural and underserved areas of New Mexico.
Created in 1994, the Primary Care Capital Fund is administered jointly by NMFA and the Department of Health to make loans to nonprofit primary care clinics in rural and medically underserved areas. In 2005, the Legislature broadened the use of the fund to include school-based health centers and telehealth sites as well as broadening the eligibility to include all nonprofit primary care providers. In 2019, Governor Lujan Grisham signed into law a bill allowing primary care health clinics owned by counties and municipalities to apply for the funds as well.
The Behavioral Health Capital Fund was created in 2004 to provide low-cost capital to nonprofit behavioral health clinics in rural and underserved areas of the state. In 2019, Governor Lujan Grisham signed into law the Local Government Behavioral Health Clinic Funding bill which increased access to the fund by eliminating the asset cap on nonprofits and allowing behavioral health clinics owned by counties and municipalities to also apply for the funds.
Through partnerships with the New Mexico Department of Health and the New Mexico Human Services Department on these programs, NMFA is able to help clinics meet the medical needs of communities in New Mexico.
For more information about the Primary Care Capital Fund or the Behavioral Health Capital Fund, email firstname.lastname@example.org.