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Subcommittee hears that distressed‑hospital loans were a lifeline; members press for $300M refresh
Summary
Officials told the Assembly Budget Subcommittee on Health that the Distressed Hospital Loan Program helped prevent closures but many hospitals remain fragile; staff said most borrowers will likely seek forgiveness and stakeholders urged replenishing $300 million to sustain the program.
The Assembly Budget Subcommittee on Health heard that the Distressed Hospital Loan Program (DHLP) provided crucial short‑term relief but left many hospitals in continuing financial distress.
Carolyn Abubishara, executive director of the California Health Facilities Financing Authority, described CHFFA bond, loan and grant activity and listed hospitals that have been helped by state programs. She said CHFFA has provided about $1.6 billion in bond financing in 2025 and is seeing increased requests for financing…
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