Miami, FL (2019)

Care Resources Community Health Center


NMTC financing for Care Resource Community Health Center to support a new facility.


  • NMTC Amount: $20,700,000
  • Total Project Cost: $32,800,000


  • 508 FTE jobs
  • 150 construction jobs
  • 173,187 patients served
  • Project includes a Federally Qualified Health Center.

Project Description

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.


Address: 3510 Biscayne Blvd, Miami, FL 33137

Census Tract: 12086003707

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.

-Keenan Karwan, CFO, Care Resource Miami, Florida

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