Behavioral Health Capital Fund

Created in 2004, the Behavioral Health Capital Fund partners NMFA with the Human Services Department to finance the capital needs of small, non-profit behavioral health providers in rural and underserved areas of the state. The 2005 Legislature authorized NMFA to capitalize the fund with $2.5 million from Cigarette Tax Revenue Bonds allowing NMFA to begin making loans in FY 2006. Working with the Department of Health, NMFA has taken the steps necessary to make this much-needed program available in FY 2006.