Behavioral Health Capital Fund
The Behavioral Health Capital Fund from the New Mexico Finance Authority supports rural clinics with capital for facilities, equipment, and working capital to improve behavioral health care in New Mexico.
Funder: New Mexico Finance Authority
Due Dates: Rolling
Funding Amounts: Loans up to ~$1.6M historically; fixed 3% interest; up to 20 years for infrastructure, 10 years for equipment; current funds are limited.
Summary: Provides low-cost capital and flexible financing for behavioral health clinics in rural and underserved areas of New Mexico for facility, equipment, and working capital needs.
Key Information: Fund availability is currently limited; check with NMFA for current status before applying.
Description
The Behavioral Health Capital Fund, administered by the New Mexico Finance Authority (NMFA) in partnership with the New Mexico Health Care Authority, offers low-cost financing to behavioral health clinics serving rural and underserved communities across New Mexico. Since its inception in 2004, the fund has expanded eligibility and uses, now supporting not only nonprofit clinics but also those owned by counties and municipalities. The program provides loans for infrastructure, equipment, and, as of 2023, working capital—including salaries and operating expenses. Clinics may also benefit from a contract-for-services option, allowing partial loan forgiveness in exchange for serving indigent patients.
