ImpactAlpha, Dec. 3 – Health facilities in many parts of the U.S., and particularly low-income and rural areas, are buckling under the weight of the coronavirus disaster.
The Episcopal Health Foundation and the Austin Community Foundation have launched an emergency loan fund “to keep more clinics up and running to serve low-income families who may need the care now more than ever,” said Espiscopal Health’s Elena Marks.
The Texas Clinic Emergency Loan Fund will provide low-interest loans of up to $1 million to community-based health centers and charity-funded clinics. It has already signed checks of $250,000 to $1 million to six facilities and intends to recycle the capital as loans get repaid.
Faith-based impact investors like Houston’s Espiscopal Health and its $20 million impact investing portfolio have long been investing on the frontlines of community health and wellness (see, “Faith-based institutions fit local investments into global portfolios” and “Faith based institutions answer The Call for impact investing”).