In September 2021, the Governor signed into law the Nondesignated Public Hospital Bridge Loan Program (NDPH Program), which enables CHFFA to issue up to a total of $40 million in working capital loans. The NDPH Program provides zero interest rate low-cost loans to eligible nondesignated public hospitals (as defined in paragraph (25) of subdivision (a) of Section 14105.98 of the Welfare and Institutions Code, excluding designated public hospitals) that are affected by financial delays associated with the transition from the Public Hospital Redesign and Incentives in Medi-Cal (PRIME) Program to the Quality Incentive Program (QIP). These loans are required to be paid back in two years. The loans issued by CHFFA are secured by a borrower's Medi-Cal reimbursements.
The application period has closed. We are no longer accepting applications.
