Capital Link Project Profiles

Capital Link has successfully assisted 38 health centers in Alaska, California, Florida, Maryland, Massachusetts, Minnesota, New Hampshire, New York, North Carolina, Puerto Rico, South Carolina and Texas in obtaining a total $30.7 million in grant dollars.

Grant Funding - Examples

Migrant Health Center of Western Region, San Sebastian, PR
Grant funding awarded $353,610

Summary of Project:

Capital Link provided a consultant to perform a diagnostic assessment of a proposed health center facility for Migrant Health Center, Western Region in Puerto Rico. The review resulted in approval for the use of $1.35 million in federal funds to purchase and renovate the health center's proposed new site, including grant funding of $353,610.

Migrant Health Center of Western Region MHC in PR - old entrance

Entrance to Old Site Entrance to New Site

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Holyoke Health Center, Holyoke, MA

Summary of Project:

In February 2001, Holyoke Health Center closed on its financing package for its new facility. The financing involved a $1,915,250 loan from a local lender and a $1,915,250 loan from a special purpose loan fund established by the Massachusetts Life Initiative in exchange for a tax-break. The balance of the $4.5 million project will be funded through grants and contributions raised by the health center.

The transaction also included an 80% Loan Guarantee from the Bureau of Primary Health Care, which allowed the health center to meet the lenders' collateral requirements. This deal is the third one to close under the facilities component of the BPHC Loan Guarantee Program (others include CamCare (NJ) and Peakskill (NY)).

The project is expected to have a major positive impact on the economic development of downtown Holyoke, which has garnered the health center a broad range of community support. To that end, the health center recently received an $850,000 federal grant with the assistance of Congressman John Olver and a $100,000 Community Development Block Grant (CDBG) with the assistance of Holyoke's Mayor Michael Sullivan toward the project.

Capital Link worked closely with the health center to prepare its business plan, assemble the financing from the lenders and obtain the guarantee from BPHC.

Financing Picture: $5,080,500 Renovation Project

Holyoke Health Center schematic

Schematic of new building

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South End Community Health Center, Boston, MA

Project Summary:

South End Community Health Center participated in an overall $13 million economic development initiative, of which, $8 million was the center's portion. The multi-use project included a new health center facility, commercial/retail space, 39 market-rate condominiums and underground parking.

The center obtained loans and grants from the Boston Empowerment Zone Program. Vice President Gore attended the groundbreaking. Through additional fundraising, the center was able to pay off its initial loans.

South End Community Health Center, Boston, MA

New Site - Completed

Financing Picture: $8,009,000 Multi-Use Project

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These transactions were successfully completed with the assistance of Capital Link or Capital Link's constituent founding organizations:

Community Health Center Capital Fund, Massachusetts League of Community Health Centers, Illinois Primary Health Care Association, North Carolina Community Health Center Association (formerly North Carolina Primary Health Care Association) and Texas Association of Community Health Centers.

Contact Info:

Capital Link40 Court Street, 10th FloorBoston, MA 02108
P: 617-422-0350F: 617-542-0191

Last updated: March 09, 2007