Osprey, Florida (December 23, 2025) Community Hospitality Healthcare Services (CHHS) is proud to announce being awarded $95 million in New Markets Tax Credit (NMTC) allocation authority by the U.S. Department of the Treasury’s CDFI Fund from the 2024-2025 allocation round. The 2024-2025 allocation award round is the largest in the program’s 21 round history.

CHHS has received its eleventh and largest award so far, which will help further its mission to fund the development, modernization, and operation of healthcare facilities that serve people with low incomes and residents of underserved or distressed communities across the U.S., with an emphasis on rural areas. With the new allocation, CHHS plans to dedicate at least 50% of its funding to tackle issues that rural communities encounter in accessing healthcare. Over the past five years, CHHS has invested $140 million in rural areas, developing significant expertise in constructing or renovating healthcare facilities and implementing effective strategies to attract medical professionals to these regions.

“At CHHS, our mission is to expand healthcare access in areas that need it most, and we are honored to receive this allocation,” stated Ben Cirka, Founder and Executive Director of CHHS. “Communities facing persistent shortages of resources, whether financial or workforce-related, require dedicated partners. CHHS collaborates with borrowers who share our long-term vision of delivering high-quality healthcare in low-income communities. Financing strong medical providers ensures healthcare stability and the creation of high-quality jobs in low-income communities.”

With the 2024-2025 award announcement, the NMTC Program has awarded $81 billion since its inception. Historically, NMTC awards have generated $8 of private investment for every $1 dollar invested by the federal government. According to the CDFI Fund, through its fiscal year end 2024, NMTC Program recipients deployed more than $71 billion in investments in low-income communities and businesses, benefiting more than 8,900 businesses and contributing to the creation of over 1.2 million jobs nationwide. Recently, NMTCs were made an indefinite part of the Internal Revenue Code in 2025’s One Big Beautiful Bill Act (OBBBA).

Since receiving its first federal award in 2011, CHHS has deployed more than $553 million in flexible financing to 57 projects across 24 states. More than 70% of its investments have been made into medically underserved areas, attracting quality medical providers who oftentimes offer services regardless of an individual’s ability to repay.

The New Markets Tax Credit program was created in 2000 in an effort to stimulate private investment and economic growth in low-income neighborhoods that lack access to the patient capital needed to support and grow businesses, create jobs, and sustain healthy local economies. The NMTC is a 39 percent federal tax credit, taken over seven years, on investments made in economically distressed communities.