CWHC – Winsted Facility

Investment

  • NMTC Amount: $2,000,000
  • Total Project Cost: $2,997,866

IMPACT

  • 6 FTE jobs
  • 15 construction jobs
  • Project includes a Federally Qualified Health Center.
  • 10,800 sq. ft. of real estate

CDEs

Investor

Medicine and health care

Project Description

The MHIC loan and NMTC capital will be used to acquire and entirely renovate the property, a currently vacant, 10,800 s.f building located in the town center, and to purchase medical/dental and office equipment. This Federally-Qualified Health Center provides comprehensive primary medical, dental and behavioral health services to a rural, medically underserved part of northwestern Connecticut where there is also a shortage of health professionals. Since 2009, patient visits have increased by 160%, outstripping the facility’s capacity to provide the quality of care it strives to deliver. MHIC’s New Markets financing is being used to build a 27,700 sq. ft. addition, renovate its existing 10,000 sq. ft. building, and purchase new medical, dental, office and computer equipment. The expansion and upgrade of its facilities will enable CHWC to expand its capacity by 80% (an additional 4,800 patients annually), obtain credentials to operate a diabetes center, add a pharmacy, and hire new full-time employees.

MAP

Address: 10 Center Street, Winsted, CT 6098

Census Tract: 9005310200

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