Joseph P. Addabbo Family Health Center, Inc., a non-profit healthcare organization providing comprehensive health services to poor and medically underserved residents, plans to build a 21,865-square-foot expansion onto its existing facility in the Far Rockaway neighborhood of Queens, New York. The expansion will nearly double the size of the existing facility, creating 21 new exam rooms and clinical support spaces, including a new Physical Therapy practice and increased capacity for Adult Medicine, OB/GYN, Pediatrics, and HIV programming. Building America CDE, Inc., a subsidiary of the AFL-CIO Housing Investment Trust, has provided $8 million of New Markets Tax Credits (NMTCs) for the project along with $9M from Primary Care Development Corp. This will enable Addabbo to accommodate more patients and reconfigure existing services to improve patient flow.
The new construction of the Altgeld Family Resource Center will provide an early childhood learning center, a Chicago Public Library, and a community center to the Altgeld/Murray neighborhood on the far south side of Chicago. This community was originally designed to house military personnel upon returning home from World War II. Today it is currently undergoing substantial rehabilitation to improve the quality of life for all of its residents. Building America CDE Inc. is aiding the Chicago Housing Authority (CHA) to enhance the current community facilities in place by providing New Markets Tax Credits for the construction of a 40,000-square-foot combined community space. This project is the final phase of the Chicago Housing Authority’s community master planning effort for the Altgeld/Murray community.
Northland Central is a project to redevelop a historic vacant industrial complex located in a distressed area on Buffalo’s East Side. The 239,500 square-foot facility includes the Northland Workforce Training Center, a cutting edge facility that will train over 300 local workers annually to fill manufacturing positions in machinery, welding, and transformers. The facilities will include administrative space, classrooms, and industrial labs designed to produce highly-skilled members of the local workforce who meet the requirements of the advanced manufacturing, electric utility, and clean energy industries.
Roswell Park Cancer Institute (RPCI), is America’s first cancer center founded in 1898 by Dr. Roswell Park. The non-profit institute has been providing hospital care to a medically underserved area in Buffalo, NY for over 100 years. With the assistance of the NMTC Program, RPCI will construct a 140,000 square foot Clinical Science Center (CSC) building on its campus. The 11-story CSC building will connect the Main Hospital to a new Research Center and expand the Institute’s Cancer Prevention program space by 100%. Benefits include space for administrative offices previously held in the Main Hospital and space for up to 10,000 additional community mammogram screenings to be performed each year. The institute also plans to work with several area nonprofit and governmental organizations to recruit low-income employees to fill jobs created by the project. NDC’s $8 million Qualified Equity Investment in the $46 million project was combined with financing and NMTC allocation from Chase Bank, Building America CDE and Dudley Ventures, resulting in the projected creation of 200 construction jobs and 340 permanent jobs.
Paseo Verde is a $48.2 million mixed-use, transit-oriented, green development in Philadelphia’s Ludlow community – a low-income, distressed neighborhood currently undergoing a revitalization drive fueled by strong public and private collaboration. The multi-building development features 120 units of affordable and workforce housing. Fifty-three units are affordable to families with household incomes between 20% and 60% of the area median income (AMI). The other 67 units are targeted to low-income families making less than 100% of AMI. The project’s 30,000 square feet of commercial and retail space include a primary care health facility, pharmacy, and social services office. The 1.9-acre brownfield site is located directly adjacent to the Temple University Regional Rail train station.
Halsey Street Teachers Village Workforce Housing Project B, the last phase of larger development known as Teachers Village in downtown Newark, New Jersey. This phase has 81 residential units, are marketed to teachers and other working families in an effort to bring them back to downtown Newark. The development also has 10,000 square feet of retail space.
The $64 million Halsey Street Workforce Housing project was the second phase of a larger Teachers Village development designed to revitalize downtown Newark, one of the country’s most economically depressed cities. This phase of development contains three buildings with 123 residential units, all affordable to families earning less than 80% of the area median income, and 28,000 square feet of retail space. The housing and a new grocery store are intended to help attract teachers and other working families back to the city to help reverse the long-term middle-class exodus. The larger Teachers Village development includes a school and a child care facility.
Massachusetts Green High Performance Computing Center: he Massachusetts Green High Performance Computing Center (MGHPCC), New England’s first high performance computing center. The financing will help fund the acquisition, construction, and permanent financing of the 90,300-square-foot center in Holyoke.
Development of cancer treatment facility and leasing to affiliate. The Cooper Cancer Institute in Camden, New Jersey, replaced an underutilized existing surface parking lot and expanded the Health Sciences Campus. The Cooper Cancer Institute building (103,500 square feet) provides for clinical programs, services, exam space, research offices and administrative support services and allows clinicians of multiple disciplines to be involved in the delivery of excellent cancer care and utilize state-of-the art technology in treatment. Green building strategies are being incorporated into the building and site designs. The Cooper Cancer Institute is a major provider of clinical care and research for South New Jersey. The new cancer facility strongly supports the economic development goals of the City.
Providence Public Library announced Sept. 13 $4.2 million in NMTC equity and $1.6 million in C-PACE financing for the $25 million renovation of the Providence Public Library, in Providence, R.I. Funding will address required life safety systems upgrades while making major infrastructure improvements to downtown buildings. The 83,000-square foot project will transform the library’s 1950s wing, auditorium and special collection areas to provide 21st-century library services.