New Markets Tax Credit Coalition

  • El Cajon,
  • CA
  • (2017)

Family Health Centers of San Diego

District: Sara Jacobs (D-CA51)

Financing to support Family Health Centers of San Diego’s construction of a new, comprehensive care center in the city of El Cajon.

Investment

  • NMTC Amount: $8,245,000
  • Total Project Cost: $9,726,916

IMPACT

  • 59 FTE jobs
  • 15 construction jobs
  • Project includes a Federally Qualified Health Center.
  • 25,000 sq. ft. of real estate

CDEs

Investor

Project Description

The Primary Care Development Corporation (PCDC) and U.S. Bancorp Community Development Corporation (USBCDC) closed on financing to support Family Health Centers of San Diego’s (FHCSD) construction of a new, comprehensive care center in the city of El Cajon. New Markets Tax Credits (NMTC) financing was critical to this $9.7 million project to acquire and substantially renovate a one-story, 25,000 sq. ft. health care facility located at 525 East Main Street. The newly constructed facility will use 30 exam rooms to provide integrated services, including family medicine and pediatrics, OB-GYN, HIV and STD care, dental services, behavioral health, and optometry. Family Health Centers of San Diego is the first to provide all of these services under one roof in El Cajon.

External Profile
External Profile 2

MAP

Address: 525 East Main Street, El Cajon, CA 92020

Census Tract: 6073015802

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