Neighborhood Services Organization Bell Building – Detroit, Michigan
Neighborhood Services Organization (NSO) of Detroit, Michigan used the New Markets Tax Credit and other sources of financing to renovate the historic Bell Building in Detroit in order to provide the NSO with an award-winning building that serves as its headquarters and 155 fully furnished, one-bedroom apartments for formerly chronically homeless adults. The Bell Building also houses a health care clinic and facilities to provide mental health, addiction treatment, nutrition, financial literacy and other services for the needy and chronically homeless. NSO estimates that the facility saves Detroit-area taxpayers more than $5,000,000 annually in costs of treatment for the chronically homeless. Learn more…NMTC Finances HealthRIGHT 360’s Innovative Medical Center in San Francisco
“Bank of America Merrill Lynch is pleased to work with our longtime CDE partners to provide $51 million in NMTC financing for HealthRIGHT 360’s new Mission Street facility,” said Brian Tracey, community development lending and investments executive at Bank of America Merrill Lynch. “San Francisco’s booming real estate market has made it difficult for many non-profits to lease or buy space in the city. This NMTC financing allows HealthRIGHT 360 to effectively provide vital healthcare services to Bay Area citizens for years to come.”
The new building will open its doors in 2017 as an integrated health care center for low-income and safety-net patients, offering a comprehensive array of services including primary medical and chronic disease treatment, dentistry, mental health services, substance use disorder treatment services that address the social determinants of health (housing, employment, education, computer literacy, and wellness), and a low-cost pharmacy. Learn more…
Lighthouse Youth Services (LYS) Sheakley Center — Cincinnati, Ohio
The Corporation for Supportive Housing provided $10.5 million in NMTC allocation to LYS for the development of a 26,000 SF comprehensive service center targeted to homeless youth 18 to 24 years old to include a 36-bedroom dormitory style transitional shelter, a day services facility, classroom/multi-purpose space, nurses station, and office space for 50 employees. On-site services include a commercial kitchen providing three meals per day, behavioral/mental health services, substance use treatment, outreach services, case management, social support development, job and life skills training, housing placement/referrals, health screening, and other services. The project is part of the adaptive reuse of a 62,000 SF former warehouse building which will also house 39 units of supportive housing for youth, financed separately with LIHTCs. The Project will allow LYS to relocate and expand an existing shelter and to add on-site services for improved and streamlined service provision. Upon completion LYS will nearly double the number of homeless youth it serves per year from 370 at the existing location to more than 650 at the new facility. This project closed 7/20/2017 and is under construction.
High Point Hospital, Middleborough, Massachusetts
High Point, the largest provider of addiction and mental health treatment in Massachusetts, sought financing to expand its services. MassDevelopment provided $8 million of New Markets Tax Credit financing for a new, 72-bed psychiatric hospital located in the center of Middleborough. The hospital serves adults and adolescents and offers acute mental health services to stabilize patients experiencing an acute psychiatric episode or exacerbation of chronic conditions. Services include medication management, individual, group, and expressive therapies; family support, physician-led multi-disciplinary treatment team, and aftercare planning. The hospital also provides outpatient treatment, including group therapy, opiate addiction treatment, and other services.NMTC Finances Livingston Community Health in Rural California
Critical financing will fund the nonprofit health center’s new primary medical care campus which will serve 4,000 additional patients per year
The California Statewide Communities Development Corporation (CSCDC) has provided $11,070,000 of New Markets Tax Credit (NMTC) allocation to Livingston Community Health (LCH) to finance its new primary care medical and dental campus located in Livingston, California.
LCH is a non-profit primary health care provider that serves patients from Livingston, Delhi, Stevinson, Hilmar, Cressey, Ballico, Winton, and other surrounding agricultural areas. Since it was founded in 1970, LCH has grown to be the largest Federally Qualified Health Center in Merced County. LCH is the primary source of health care for residents of northern Merced County and portions of southern Stanislaus County, particularly for the uninsured, rural and migrant families and the working poor. Approximately 77% of LCH’s patients live at or below 100% of the Federal Poverty Level (FPL) and 95% live at or below 200% of the FPL. Around 80% of patients are Latino, and 40% are agricultural workers.
LCH’s main clinic is currently located in a cramped 15,000 sq. ft. two-story building, which it has occupied for over 30 years. This site is severely overcrowded, and is located in a residential neighborhood with little dedicated parking.
CSCDC partnered with JPMorgan Chase to provide $11,070,000 in NMTC funding to finance LCH’s new campus. Other financing sources included: loans from Rural Community Assistance Corporation and Northern California Community Loan Fund; and a grant from the Central California Alliance for Health. The new 35,500 sq. ft. main campus will include: (i) a 14,500 sq. ft. medical center, (ii) a 6,500 sq. ft. dental and optometry building, and a (iii) 14,500 sq. ft. administrative facility. The campus will create a consolidated “one-stop” health and wellness center for multi-generational families; including services ranging from primary and wellness care, to resources that support life-long health and wellness. The new campus will house administrative offices, 30 examination rooms, six dental rooms, radiology, optometry exam areas, labs, a pharmacy, patient education rooms, behavioral health consultation rooms, triage areas, medical assistant workstations, as well as a reception, sufficient parking, and outdoor areas. Importantly, the new facility will create a patient-centered medical home and facilitate the integration of behavioral health and substance abuse services into the primary care setting.
The Project will allow LCH to provide primary care services to 19,500 individuals annually, an increase of approximately 4,000 patients beyond their current levels, through 68,000 patient visits per year. The majority of LCH’s patients are low-income individuals on Medi-Cal. The Project is expected to result in 37 new permanent FTE jobs, 150 retained FTE jobs, up to 26 externships for medical assistants and nurses, and six to ten training opportunities for high school students.
The California Statewide Communities Development Corporation (CSCDC) has provided $11,070,000 of New Markets Tax Credit (NMTC) allocation to Livingston Community Health (LCH) to finance its new primary care medical and dental campus located in Livingston, California.
LCH is a non-profit primary health care provider that serves patients from Livingston, Delhi, Stevinson, Hilmar, Cressey, Ballico, Winton, and other surrounding agricultural areas. Since it was founded in 1970, LCH has grown to be the largest Federally Qualified Health Center in Merced County. LCH is the primary source of health care for residents of northern Merced County and portions of southern Stanislaus County, particularly for the uninsured, rural and migrant families and the working poor. Approximately 77% of LCH’s patients live at or below 100% of the Federal Poverty Level (FPL) and 95% live at or below 200% of the FPL. Around 80% of patients are Latino, and 40% are agricultural workers.
LCH’s main clinic is currently located in a cramped 15,000 sq. ft. two-story building, which it has occupied for over 30 years. This site is severely overcrowded, and is located in a residential neighborhood with little dedicated parking.
CSCDC partnered with JPMorgan Chase to provide $11,070,000 in NMTC funding to finance LCH’s new campus. Other financing sources included: loans from Rural Community Assistance Corporation and Northern California Community Loan Fund; and a grant from the Central California Alliance for Health. The new 35,500 sq. ft. main campus will include: (i) a 14,500 sq. ft. medical center, (ii) a 6,500 sq. ft. dental and optometry building, and a (iii) 14,500 sq. ft. administrative facility. The campus will create a consolidated “one-stop” health and wellness center for multi-generational families; including services ranging from primary and wellness care, to resources that support life-long health and wellness. The new campus will house administrative offices, 30 examination rooms, six dental rooms, radiology, optometry exam areas, labs, a pharmacy, patient education rooms, behavioral health consultation rooms, triage areas, medical assistant workstations, as well as a reception, sufficient parking, and outdoor areas. Importantly, the new facility will create a patient-centered medical home and facilitate the integration of behavioral health and substance abuse services into the primary care setting.
The Project will allow LCH to provide primary care services to 19,500 individuals annually, an increase of approximately 4,000 patients beyond their current levels, through 68,000 patient visits per year. The majority of LCH’s patients are low-income individuals on Medi-Cal. The Project is expected to result in 37 new permanent FTE jobs, 150 retained FTE jobs, up to 26 externships for medical assistants and nurses, and six to ten training opportunities for high school students.