California Primary Care Association and Capital Impact Partners Launch $25 Million COVID Response Loan Fund for Community Health Centers | News

SACRAMENTO, Calif. and ARLINGTON, Va., Oct. 8, 2020 /PRNewswire/ — California’s community health centers (CHCs) are facing significant lost revenue as a result of business disruptions due to the COVID-19 pandemic. At the same time, CHCs are incurring unforeseen costs to implement technology for virtual health consultations. The impacts of the pandemic have been further exacerbated for many CHCs by the wildfires plaguing the state.

To bridge this cash flow gap, the California Primary Care Association (CPCA) and Capital Impact Partners have launched the $25 million CPCA COVID Response Loan Fund to provide flexible financing for CHCs. Fund investors include the Alliance Healthcare Foundation, The California Endowment, The California Wellness Foundation, JPMorgan Chase, Richard W. Goldman Family Foundation, and UnitedHealth Group.

It is a vital need, as CHCs not only serve one-in-six Californians, but also a predominate number of patients who fall below the federal poverty level.  California CHCs

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California Primary Care Association and Capital Impact Partners Launch $25 Million COVID Response Loan Fund for Community Health Centers

SACRAMENTO, Calif. and ARLINGTON, Va., Oct. 8, 2020 /PRNewswire/ — California’s community health centers (CHCs) are facing significant lost revenue as a result of business disruptions due to the COVID-19 pandemic. At the same time, CHCs are incurring unforeseen costs to implement technology for virtual health consultations. The impacts of the pandemic have been further exacerbated for many CHCs by the wildfires plaguing the state.

To bridge this cash flow gap, the California Primary Care Association (CPCA) and Capital Impact Partners have launched the $25 million CPCA COVID Response Loan Fund to provide flexible financing for CHCs. Fund investors include the Alliance Healthcare Foundation, The California Endowment, The California Wellness Foundation, JPMorgan Chase, Richard W. Goldman Family Foundation, and UnitedHealth Group.

It is a vital need, as CHCs not only serve one-in-six Californians, but also a predominate number of patients who fall below the federal poverty level.  California CHCs

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Stimulus Checks, Student Loan Relief, And Money For Education

House Democrats released an updated Heroes Act on Monday night. The new $2.2 trillion coronavirus relief package includes much of what was in the original bill passed in May, though is notably about $1 trillion cheaper.

The legislation includes many popular provisions, including another round of stimulus checks to American families. House Democrats also restored the enhanced weekly $600 unemployment benefits that expired this summer.

In terms of education, the bill includes a number of important components. The CARES Act’s student loan payment suspension expires at the end of this month, though President Trump has extended it through the end of the year. However, the new CARES Act would extend the payment and interest pause through September 30, 2021. The

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