We used NMTC to build our headquarters building in downtown Holyoke, representing the single largest building project ever in that area. It now provides 500 jobs and serves almost 20,000 residents, all of which adds to the urgent needs of this very poor community. Commercial banks were not comfortable with the potential $20,000,000 investment we needed in this distressed community. Without the NMTC program, all of our current services, including significant support to attend to the issues stemming from COVID-19, would not be as available to the Holyoke community. We are now looking at additional construction projects that will benefit from NMTCs if they continue to be available in t he next few years.
Richard E. Neal Complex Dedicated
Caring Health Center / Community Health Center (CHC), located at 1049 Main St., dedicated as the Richard E. Neal Complex at a dedication ceremony held on Monday, Sept. 22, 2014. CHC was just beginning construction on its Main Street location when the building was ravaged by the June 2011 tornado, causing $1.2 million in damages. U.S. Rep. Richard Neal has been instrumental in guiding fund-raising efforts, securing federal appropriations and grants to help CHC complete the project, and for championing the New Markets Tax Credit, the program that financed the bulk of the project. “Congressman Neal has completely dedicated
