Project Type(s): Community and Healthcare
Project Year: 2014
CDE(s): CNB Economic Development Company
NMTC amount: $23,250,000
Total Project Costs: $30,776,535
The Chickasaw Nation partnered with a CDE of the Cherokee Nation to use NMTC to transform a shuttered I.H.S. hospital in Ada, OK. Now known as the Carl Albert Multi-purpose facility, the project provides employment, education and health services. NMTC provided $5 million out of an overall $40 million project budget to catalyze additional development in this highly-distressed community.