Many low-income residents lack access to health care services within their community. The emergency room is their doctor's office and preventative care is all but nonexistent.
The Healthy Futures Fund is designed to help fill that gap, ensuring residents can get care near to where they live. Part of that strategy involves financing new community health centers, including Federally Qualified Health Centers (FQHCs) and FQHC Look Alikes. Both are integral to implementation of the Affordable Care Act, with $11 billion in new federal resources devoted to developing new centers over the next few years. The Healthy Futures Fund leverages New Markets Tax Credits to support those new FQHCs with private capital, as well as finance other health centers focused on the needs of low-income residents.
The Fund expects to support as many as eight new health centers with its first investments and is assembling capital to grow that potential in the years to come.