Assisting behavioral healthcare organizations access capital since 1991.

Experience and
Resources

Our Past Work

Since its founding in 1991, CHFF has worked with behavioral healthcare organizations in more than a dozen states across the country to obtain access to capital.  Our services have taken a wide variety of forms including serving as financial advisor for tax-exempt bond financing programs, serving as a financial guarantor for tax-exempt bond financing programs, and providing direct loan to organizations.  Our services are available to non-profit organizations across the country. 

Client List

Arizona

Colorado

Connecticut

Delaware

District of Columbia

Florida

Illinois

Maryland

Massachussets

Michigan

Nebraska

New York

Utah

Washington


Case Studies

Alternatives (Whitinsville, Massachusetts)

In 2008, CHFF assisted Alternatives in Whitinsville, MA in obtaining long-term, permanent financing through the issuance of tax-exempt bonds by MassDevelopment. Alternatives has brought an 18th century mill complex back to life as a multiuse community center that also will serve as Alternatives headquarters. The complex has an array of green technology, including solar and geothermal energy as well as a turbine that will use the river for power. The green initiatives will generate 88 percent of its electricity and 100 percent of its heating and cooling needs. Alternatives is a nonprofit agency serving more than 550 adults with developmental and psychiatric disabilities in 45 programs throughout Central Massachusetts.

Community Housing Associates

CHFF has worked with Community Housing Associates of Baltimore, Maryland for a number of years to provide various forms of financing for the development of supportive housing for the mentally ill. CHFF’s capital was utilized to fund various pre-development costs associated with the planning and purchase of multi-family housing properties which were eligible for long term financing from various state and federal programs. Having access to CHFF’s line of credit enabled CHA to fund the numerous upfront development costs that were necessary to meet the requirements of the long term funding programs. Access to this “bridge” financing for limited time periods allowed CHA to expand its development program beyond the scope that their own limited resources could facilitate.

CHFF also provided Community Housing Associates with long term financing for the purchase and renovation of a drop-in center for the homeless that are experiencing mental illness. The Helping Other People through Empowerment (H.O.P.E.) Wellness and Recovery Center offers people a place to shower, do their laundry, get a haircut and computer access. Group “talk sessions” give clients an opportunity to share their stories and learn from each other’s experiences. Case managers from area agencies and organizations can meet with clients at the center to help them sign up for needed services, such as food stamps, housing vouchers and job-search assistance, and ensure they are tending to their mental health needs.

18 West Read Street
10 1-bedroom units

2301 N Charles Street
7 Units

4227 Frederick Ave
9 1-bedroom units


Industry Research and Analysis

Capital Formation and Financial Planning for Behavioral Healthcare Organizations (Summer 2008)

This presentation focuses on the important role that financial health plays in fulfilling an organization's long-term mission and sustainability. It explores the sometimes divergent views of an organization's stakeholders and how these differing perspectives can impact the long-term viability of the organization. The presentation focuses particularly on the income statement and balance sheet as tools to guide the organization in evaluating the current and future financial health of the organization.

Lease versus Buy: Considerations for Behavioral Healthcare Organizations (Spring 2008)

This presentation focuses on the important role that financial health plays in fulfilling an organization's long-term mission and sustainability. It explores the sometimes divergent views of an organization's stakeholders and how these differing perspectives can impact the long-term viability of the organization. The presentation focuses particularly on the income statement and balance sheet as tools to guide the organization in evaluating the current and future financial health of the organization.

The Credit Crunch: Implications and Opportunities (Spring 2008)

This article discusses and analyzes the financial and capital implications for non-profit behavioral healthcare organizations that have resulted from the recent turmoil in the credit markets.  It highlights how the credit crisis has created significant changes in lenders lending decisions.
Published in "National Council Magazine" April 2008

©2015 CHFF