New Markets Tax Credit Coalition

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Virginia Garcia Memorial Health Center

Investment

  • NMTC Amount: $20,660,000
  • Total Project Cost: $25,314,794

IMPACT

  • 58 FTE jobs
  • 45 construction jobs
  • 58 jobs created and jobs retained

Project Description

In response to an increase in patient demand in the community it serves, Virginia Garcia Memorial Health Center (VMHC) in Oregon is embarking on a $25.4 million purchase, renovation, and expansion project to more than double the size of their previously leased facility. Capital Fund is proud to support this project with an $8 million New Markets Tax Credits allocation. The Health Resources and Services Administration (HRSA) is contributing a $1 million grant as well as a $2.1 million earmark, and the health center is contributing its own cash investment. The project will expand the existing clinic from 8,786 sq. ft. to 22,733 sq. ft. and reconfigure the existing space to better serve patients and staff. Notably, an elevator will be added, making the second floor accessible to all. The new facility will continue to house primary care services, dental, mental health, medication-assisted substance abuse treatment services, and a pharmacy. The project will enable the health center to serve 25% more patients, increase visits by 22%, and hire 18% more permanent staff to serve a larger patient base.

MAP

Address: 2251 East Hancock St, Newberg, OR 97132

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