Native CDFI secures $2 million loan for Billings health clinic
Financing will support construction of a $23 million facility offering primary and behavioral health services
The Native American Development Corp. has secured a $2 million low-interest loan from the Montana Facility Finance Authority to help finance a new $23 million health clinic in Billings, according to reporting from Tribal Business News. The clinic will be built at the former Shrine Auditorium site and is expected to increase patient capacity, modernize services and expand access to culturally responsive care.
The Billings-based Native community development financial institution opened the Billings Urban Indian Health and Wellness Center in 2018, according to reporting from Tribal Business News. The new facility is expected to expand primary and behavioral health services for Native residents in Billings and surrounding communities, including members of the nearby Crow Reservation. The Montana Facility Finance Authority provides tax-exempt bond financing, low-interest loans and planning grants to nonprofit healthcare organizations across Montana.
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