Tax-Exempt Equipment
Financing Program Featured Project
California Health Facilities Financing Authority
Tax-Exempt Equipment Financing Program
Featured Project
AltaMed Health Services Corporation
2040 Camfield Avenue
Los Angeles, CA 90040
Los Angeles County
AltaMed Health Services Corporation (AltaMed) is a 501(c)(3) non-profit community health
center founded in 1969 as a volunteer-staffed, storefront clinic in East Los Angeles, CA. AltaMed
has since grown into the largest unaffiliated non-profit Federally Qualified Health Center in
California and provides services that include primary care, oral health, and Program of All-
inclusive Care for the Elderly.
AltaMed provides medical and dental
services to predominantly low-income
Latino, multi-ethnic and underserved
communities throughout Los Angeles
and Orange Counties.
Project: On October 29, 2018,
CHFFA approved AltaMed’s request
to issue up to $23,000,000 in tax-
exempt notes through CHFFA’s Tax-
Exempt Equipment Financing
Program. Note proceeds were used to
finance the purchase of medical
equipment including exam beds, x-ray
machines, dental chairs, and other general medical and dental supplies for use at its community
clinic. AltaMed also used proceeds to finance the acquisition, installation, and implementation of
a cloud-based Electronic Medical Records System that is accessible to all of its locations.
Scott Swift, CPA, Corporate Controller, AltaMed – “This financing was important to enable
the highest quality of care to patients, improvement in data analytics and reporting, and
enhancement of communication among providers. AltaMed management worked well with the
CHFFA staff and this resulted in a timely and successful financing arrangement.”
