Community Health Center Capital Fund

What Community Health Center Capital Fund does

Community Health Center Capital Fund (Capital Fund) is a nonprofit Community Development Financial Institution (CDFI) founded in 1994 and headquartered in Boston, Massachusetts, that provides direct loans, New Markets Tax Credit (NMTC) financing, LoanPLUS loans, and third-party underwriting services exclusively to Federally Qualified Health Centers (FQHCs) and similar mission-aligned healthcare organizations. The organization operates as the lending affiliate of Capital Link, with whom it shares founding ties to the Massachusetts League of Community Health Centers and the National Association of Community Health Centers. Its product suite includes Direct Loans up to $5 million with terms up to 90 months, LoanPLUS loans of $400,000 to $2 million for smaller health centers, NMTC allocations (most recently an $85 million award in January 2026), an NMTC Preparation Program, Underwriting Services for foundations and hospitals, and a newer Solar Installation Lending product.

Capital Fund generates revenue primarily through interest income on its loan portfolio, fees associated with NMTC allocations deployed to qualifying health center projects, Financial Assistance awards from the U.S. Treasury CDFI Fund, Program-Related Investment loans from foundations such as Opportunity Finance Network, Healthcare Georgia Foundation, and the Goldman Family Foundation, and underwriting service fees for third-party PRI and loan evaluations. Distribution is relationship-led, combining direct outreach by the Senior Director of Loan Programs with referral pipelines from Capital Link, state Primary Care Associations, NACHC, and a co-lending network that includes PCDC, LISC, Chase, Capital One, and various CDFIs and banks.

The organization operates with a lean team of roughly ten staff and has cumulatively deployed $107 million in direct loans while leveraging an additional $390 million from partner sources, supporting construction of approximately one million square feet of healthcare space and capacity for more than 135,000 additional patients annually. Capital Fund has secured successive NMTC allocations from the CDFI Fund ($40M in 2019, $50M in 2020, $55M in 2022, $85M in 2026) and reports assisting with roughly 60% of nearly $1 billion in NMTC financing obtained by health centers nationally, underscoring its specialized position within the FQHC capital stack.

Name

Community Health Center Capital Fund

Legal name

Community Health Center Capital Fund

Website

https://chc-capitalfund.org

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Community Health Center Capital Fund is a Boston-based nonprofit CDFI that provides direct loans, New Markets Tax Credit financing, and underwriting services exclusively to Federally Qualified Health Centers for facility, equipment, and solar projects nationally.

Ownership category

akta.pro rank

Product category

Healthcare Lending / Community Development Finance

NAICS

Grantmaking and Giving Services (81321), Civic and Social Organizations (813410)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)

akta.pro secondary industries

Hospitals, Clinics & Charitable Healthcare Providers (BPAGACAB), Community Health & Prevention Program Funding (HLAJALAF)

Keywords

• Community development lending
• Federally qualified health centers
• New markets tax credits
• CDFI healthcare financing
• Health center capital loans

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Loan Interest Income: Capital Fund generates revenue through interest on direct loans provided to Federally Qualified Health Centers. Loans range from $400,000 to $5 million with terms up to 90 months and competitive market-based interest rates. The organization leverages its CDFI status to provide affordable financing to health centers.
2. New Markets Tax Credit Allocations: Capital Fund receives NMTC allocations from the CDFI Fund ($55 million in 2022, $50 million in 2019, $40 million in 2017) and deploys these tax credits to health center projects, generating fee income and supporting community development.
3. CDFI Fund Awards and Grants: Capital Fund receives Financial Assistance (FA) awards from the U.S. Treasury's CDFI Fund including $2.7 million (2023), $1.8 million CDFI RRP (2021), $875,000 (2018), and $650,000 (2019) to support lending operations.
4. Program-Related Investments (PRIs): Capital Fund receives PRI loans from foundations and networks including $1 million from Opportunity Finance Network (OFN), $500,000 from Healthcare Georgia Foundation, and $500,000 from Richard W. Goldman Family Foundation to support direct lending programs.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Community Health Center Capital Fund is a nonprofit CDFI that provides targeted direct loans (up to $5 million), New Markets Tax Credit (NMTC) financing, and LoanPLUS loans ($400,000 to $2,000,000) to Federally Qualified Health Centers (FQHCs) for facility acquisition, construction, renovation, expansion, equipment, and operational growth projects. It also offers third-party underwriting services to foundations, hospitals, and loan funds evaluating Program-Related Investments and loans to health centers, as well as a Solar Installation Lending program for energy infrastructure investments.

Product overview

Community Health Center Capital Fund operates as a CDFI (Community Development Financial Institution) and lending affiliate of Capital Link, offering a portfolio of loan products and financing programs designed to support the capital needs of Federally Qualified Health Centers. The core offerings include Direct Loans for facilities and equipment, the New Markets Tax Credit Program for larger capital projects, and the LoanPLUS Loan Program for smaller health centers. Supporting services include the NMTC Preparation Program for financing preparation assistance, Underwriting Services for third parties, and Solar Installation Lending for energy efficiency investments. The organization primarily serves FQHCs and similar organizations seeking capital for construction, renovation, expansion, and equipment projects.

Differentiator

Problem solved

Functional benefit

Brands

• LoanPLUS: A loan program designed to meet the needs of smaller health centers and/or those with limited financial resources. Health centers that have had trouble accessing financing through commercial banks are encouraged to apply. Provides loans from $400,000 to $2,000,000 with flexible collateral and repayment terms.

Products and services

• Direct Loans Targeted direct loans provided by Capital Fund as a certified CDFI to support the growth of Federally Qualified Health Centers for capital financing, equipment, and operational growth needs. Loans are available for construction, renovation, expansion, and related equipment costs. Loan size up to $5 million (increased from $3.6 million in June 2025), terms up to 90 months, with competitive market-based interest rates and 1% origination fee.
• New Markets Tax Credit Program NMTC financing program providing tax credit-backed financing for health center projects that deliver positive impact for low-income communities. Capital Fund manages multiple NMTC allocations, including an $85 million allocation from the 2024-2025 NMTC round, a $55 million allocation awarded in 2022, a $50 million national program (2020), and a $15 million GO Zone program. Supports financing for health center capital projects of $5 million or above.
• New Markets Tax Credits Preparation Program

Quantifiable outcome

• $107 million in loans to health centers, leveraging an additional $390 million from other sources
• +4 more outcomes

Named customers30 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Capital Link, Inc.coreStrategic or Co-development PartnerCapital Link is Capital Fund's founding affiliate, established in the late 1990s with support from NACHC, state Primary Care Associations, and the Bureau of Primary Health Care. Capital Link provides capital-related technical assistance to health centers nationally while Capital Fund handles lending activities. Both organizations share a common mission to support community health center growth.
• Massachusetts League of Community Health CenterscoreStrategic or Co-development PartnerOne of the founding partners of Capital Fund, established in the early 1990s. The Massachusetts League represents and serves 50 community health centers in Massachusetts, providing leadership on health policy, clinical quality initiatives, and information technology development.
• National Association of Community Health Centers (NACHC)coreStrategic or Co-development PartnerFounding partner of Capital Link. NACHC provides research, information, training, and advocacy for community health centers nationally, helping health centers access capital resources through its network.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Primary Care Development Corporation (PCDC): PCDC is the most directly comparable peer — a nonprofit CDFI that provides NMTC allocations, direct loans, and capital to FQHCs nationally. Frequent co-lender on Capital Fund deals (e.g., CommuniHealth, Providence CHC, Grace Health, Hudson Headwaters), serving the same customer base with overlapping product set.
• Local Initiatives Support Corporation (LISC): Large national CDFI with a community health and NMTC practice that co-lends with Capital Fund (e.g., Grace Health $26.3M project). Overlapping FQHC/NMTC focus but with a much broader community development portfolio across housing and economic development.
• BlueHub Capital: Boston-based CDFI (formerly Boston Community Loan Fund) providing loans and capital to nonprofits, including community health centers. Particularly relevant because Capital Fund CEO Rebecca Regan was previously COO/CFO and President of BlueHub's Loan Fund.
• Nonprofit Finance Fund: National CDFI providing loans, lines of credit, and consulting to nonprofits including health and human services providers. Overlapping target market (mission-driven nonprofits needing facility financing) with comparable direct-loan plus advisory model.
• National Cooperative Bank: Cooperative-focused bank providing commercial loans and source loans for NMTC transactions. Co-lender on Capital Fund's San Ysidro Health $52.9M project and competes in the same FQHC/healthcare facility lending space.
• Calvert Impact Capital: National nonprofit impact-investing CDFI that intermediates capital to mission-driven organizations, including healthcare facilities. Comparable direct-loan/CDFI model with significantly larger capital base and broader community development mandate.

Others

• Capital Link: Founding affiliate and current parent of Capital Fund; provides capital-related technical assistance, planning, and consulting to FQHCs nationally. Same mission and leadership (Rebecca Regan is CEO of both), but distinct lending-vs-advisory role.
• Opportunity Finance Network (OFN): National CDFI industry association and PRI/grant provider that has supplied multiple rounds of capital to Capital Fund (e.g., $1M PRI in 2025, $2M Finance Justice Fund PRI in 2021). Functions as both funder and ecosystem convener rather than direct competitor.

Regional players

• Genesis LA CDE: Los Angeles-based CDFI/CDE providing NMTC financing and loans to community facilities including health centers. Same NMTC/FQHC lending activity but primarily serves Southern California rather than operating nationally.
• California Statewide Communities Development Corporation (CSCDC): California-based CDE providing NMTC allocations and financing for community facilities including FQHCs (e.g., Shasta Community Health Center). Geographic overlap on individual deals but regional rather than national scope.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/chccapitalfund
• Facebookfacebook.com/Community-Health-Center-Capital-Fund-1106556399421178
• LinkedInlinkedin.com/company/community-health-center-capital-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Community Health Center Capital Fund