Healthcare | New Markets Tax Credit Coalition

Orange Blossom Family Health

Orange Blossom Family Health was founded in 1993 to provide healthcare to homeless and uninsured patients in the Orlando area. The organization has grown to 8 location and serves 20,000 patients. With NMTC financing, OBFH built a new 12,000 sq-ft clinic that reaches 6,000 annually in a medically underserved area. Services include medial, dental, behavioral health, pharmacy, vision, x-ray, urgent care, and an on-site lab. There is no other medical provider in this zip code currentlly offering sliding fees for service or care regardless of ability to pay.

Centerstone of Florida

A $3 million expansion of the Crisis Stabilization Center at Centerstone’s Behavioral Hospital & Addiction Center at 2020 26th Ave. E., Bradenton

CASA of St. Petersburg

CASA (Community Action Stops Abuse) will build a new 100-bed domestic violence shelter in St. Petersburg, greatly expanding its reach to individuals in need. CASA’s current facility has been in operation for more than 25 years, and with a capacity of 30 individuals the organization must turn away 1,400 people each year.

Henderson Behavioral Health

Since 1971, Boys & Girls Clubs of Palm Beach County have operated 13 clubs reaching 8600 youth county-wide. With NMTC financing, a new club is being built in Belle Glade, one of the most impoverished communities in Florida. The new 13,860 sq-ft facility will reach an estimated 900 annually with after-school enrichment programs, career training, nutrition education and a garden. Services are provided on a sliding scale or free if needed. In addition to services, the club serves 78,000 meals annually.

Jessie Trice Community Health System

Jessie Trice Health Systems has served the Miami area since 1967 with healthcare from its FQHC (Federally Qualified Health Center) locations, currently providing services for over 45,000 patients. With NMTC financing, JTCHS is expanding a clinic in Miami Gardens. The new 15,191 sq-ft facility will serve an estimated 13,400 clients – 92% low-income – with medical, dental, mental health, and pharmacy services. Discounted fees are available for uninsured or under-insured.

Ochsner Baptist Medical Center

Prior to Hurricane Katrina, Ochsner Baptist Medical Center (formerly Memorial Medical) treated more uninsured patients than any other private hospital in the region. NNMF’s NMTC financing (two other allocatees invested) was structured as operational capacity to expand and re-open more than one million square feet of medical services space including: 100-bed surgical hospital, a senior living facility for 250 residents, outpatient imaging center, a radiation center and medical offices. The project is bringing much-needed health services and jobs back to New Orleans. (NNMF NMTCs: $3.75 million

St. Thomas Community Health Center

St. Thomas Community Health Center (STTCHC), New Orleans, LA completed financing in March, 2011 to purchase and renovate a 10,000 square foot historic building, consolidating the health center’s three existing sites and enabling the center to double the number of patients it currently serves. STTCHC was established in 1987 (originally as St. Thomas Community Health Services) with the mission of providing comprehensive adult, pediatric, obstetrical, and behavioral medical care to the uninsured, underinsured and working poor residents of the New Orleans community. The organization’s operations were severely disrupted by Hurricane Katrina in 2005, but STTCHC managed to quickly reopen to serve community residents impacted by the storm, many newly unemployed and now uninsured.

West Liberty Tornado Recovery

In 2012, West Liberty, Kentucky was literally destroyed by a series of E-3 tornadoes. It was left “virtually unrecognizable” with six deaths and 75 injuries as winds of greater than 150 miles per hour overturned cars, leveled buildings and devastated the lives of inhabitants. Kentucky Gov. Steve Beshear described the scene as a “war zone” and one resident remarked, “The buildings are gone, but the town’s still here.” One victim of the storm later found her high school diploma 100 miles away. This financing helped rebuild several businesses including the community center and has begun the revitalization of this rural town. While every business and government building in the downtown was destroyed, the residents vowed to rebuild the community. PCDE willingly agreed to help in the rebuilding efforts. Pacesetter CDE (PCDE)’s allocation was used to rehabilitate and recreate the Morgan County courthouse, the Morgan County Community Center, and several support buildings. A new health and wellness center was also developed. Community Benefits: allocation was used to rehabilitate and recreate the Morgan County courthouse, the Morgan County Community Center, and several support buildings. A new health and wellness center was also developed. The health and wellness center was completely new construction and includes an indoor pool, fitness and workout rooms, a walking tack and community meeting rooms. The construction created approximately 300 jobs. This project’s primary focus is on retaining jobs in the LIC. It was anticipated by County officials that the culmination of this project will result in saving 300 jobs. U.S. Congressman Hal Rogers of Kentucky said that this could be the largest storm recovery project ever in Kentucky. “We don’t know of any project this size in Kentucky history,” he said.

Hamilton Health Center

The Project involves acquisition and adaptive re-use of a 67,000 SF unimproved warehouse. Extensive external and internal remodeling will enable HHC to double its examination rooms: Adult Medicine – 11 to 20; Pediatrics – 7 to 18; Women’s Services – 5 to 17; Dental – 8 to 12; for a total of 31 rooms to 67 rooms. The new facility will increase clinical waiting room space from 700 SF to 5,200 SF, and house a new 7,000 SF patient education and training facility.

Brockton Neighborhood Health Center

Through its tax-exempt bond and New Markets Tax Credits programs, MassDevelopment has invested $26.13 million in housing and health center projects in downtown Brockton. The Agency issued a $9.7 million tax-exempt bond on behalf of and provided a $7 million New Markets Tax Credit allocation to Trinity Financial’s Enterprise Block redevelopment; and issued a $9,431,000 tax-exempt bond on behalf of the Brockton Neighborhood Health Center. “Low-cost, innovative financings like these are crucial to the transformative redevelopment of Brockton,” said MassDevelopment President and CEO Marty Jones. “The City of Brockton, Trinity Financial, and the Brockton Neighborhood Health Center are all longtime MassDevelopment partners, and we’re pleased to spur economic growth in this Gateway City.” Trinity Financial, a Boston-based developer that is the project sponsor, will use bond proceeds to build a 42-unit artist live/work apartment building on the site of the former Gardner Building at 62 Centre Street. The New Markets Tax Credit allocation will finance Trinity’s rehabilitation of the historic Brockton Enterprise building, transforming the space into a 51,000-square-foot commercial building with retail space on the first floor. Trinity Financial’s multi-phase, transit-oriented revitalization of the Enterprise Block aims to preserve the historic and cultural heritage of downtown Brockton and promote sustainable mixed-use development that fits with existing infrastructure. The residential component of the revitalization effort includes 113 total units, an artist’s gallery, on-site property management, and an underground parking garage. “The Enterprise Block redevelopment project is a complicated undertaking that required some very creative and flexible financing in order to come to fruition,” said Trinity Financial Vice President Kenan Bigby. “MassDevelopment’s value was evident, not only in the financial resources that they made available, but also in the thoughtful and collaborative approach that their staff took in making this transaction work. Trinity is excited to see the positive impact that this project will have in the City of Brockton once it is completed.” Brockton Neighborhood Health Center will use bond proceeds to refinance previous debt, securing a lower interest rate for the Center and freeing financial resources for its healthcare services in low-income areas. MassDevelopment also provided a $25,000 grant to the Brockton Neighborhood Health Center in 2011 through the Agency’s Community Health Center Grant Program. Boston Private Bank purchased the Trinity bond, and RBS Citizens purchased the Brockton Neighborhood Health Center bond. “We’re thrilled to refinance our debt through the MassDevelopment tax-exempt bond program,” said Sue Joss, CEO of Brockton Neighborhood Health Center. “Our monthly mortgage payments have been cut in half, which will give us additional resources to invest in increasing our services to our patients and to our community.”