Last week, New York Governor Kathy Hochul announced state funding for a loan repayment program to aid community mental health agencies be able to recruit and then retain psychiatrists and psychiatric nurse practitioners
The program will be funded by $9 million dollars provided by the state, which is administered by the State Office of Mental Health, the Community Mental Health Loan Repayment Program. The loan program will provide loan repayments up to $120,000 dollars for psychiatrists and then $30,000 dollars for psychiatric nurse practitioners, as long as they stay employed by a licensed community mental health program for at least three years.
“Part of the largest ever investment in health care, the Community Mental Health Loan Repayment Program will allow us to build a more equitable health care system,” New York Governor Hochul said. “This funding will provide our partners in communities across the state with the resources they need to attract top-tier workers and then keep them employed in our state, so we can grow our workforce and ensure all New Yorkers have access to the highest quality of care.”