Care Resources Community Health Center (2019)

Miami, FL

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NMTC Amount: $20,700,000

Est. Total Project Cost: $32,800,000

COMMUNITY IMPACT

On July 9, 2019, Community Health Center Capital Fund (Capital Fund) completed $10.7 million in New Markets Tax Credits (NMTC) financing for Care Resource Community Health Center to support the $32.8 million expansion of its main facility in Miami, FL. In addition to the tax credits provided by Capital Fund, project financing also included a $2 million direct loan from Capital Fund, an NMTC equity investment and loan from Primary Care Development Corporation, a Health Center Program grant from the Health Resources and Services Administration, a loan from National Cooperative Bank, and the health center’s own cash investment.

Voices from the Community

Capital Fund guided us through every step of closing an NMTC deal for our Miami expansion. We are thankful for their assistance and expertise, and look forward to working with them again.

Project Map

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