New York State Community Health Care Revolving Capital Fund

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The Community Health Care Revolving Capital Fund (the Fund) is a financing program created in January 2017 through a public-private partnership between the Primary Care Development Corporation (PCDC) and the State of New York, with generous funding from the state. The Fund is intended to facilitate investment to expand and improve primary care capacity in the state by providing affordable loan capital for eligible community-based health care providers to support quality primary care expansion and integration in New York State.

What are the loans for?

PCDC will select eligible projects and provide financing to strengthen primary care through the construction and expansion of community-based health care facilities in New York State, including:

  • New construction
  • Reconstruction
  • Renovation
  • Rehabilitation
  • Refurbishment
  • Expansion
  • Equipment

Who is eligible?

All New York State community health and diagnostic and treatment centers licensed under Article 28, mental health clinics licensed under Article 31, and alcohol and substance abuse treatment clinics licensed under Article 32 are eligible and encouraged to apply for financing for their capital improvement projects.

Projects will be selected for financing based on PCDC’s underwriting criteria which include creditworthiness, community impact, and demonstrated ties to the community, among others.

How do I learn more?

Please submit a capital lending inquiry form. Once submitted, a member of our staff will reach out to you and provide additional information.

DASNY and the Health Department were right to choose PCDC to administer the program, with its excellent track record supporting community health centers statewide.

New York State Assembly Health Committee Chair Richard N. Gottfried