Community Health Center of the Black Hills

Rapid City, SD (2015)

Community Health Center of the Black Hills

Behavioral Health, Community, Dental Services, FQHCs, Healthcare

Financing for an expanded clinic, now able to see an additional 3,200 patients annually who would have otherwise been turned away for service.

Investment

NMTC Amount: $6,048,000
Total Project Cost: $8,532,359

IMPACT

15 FTE jobs
60 construction jobs
3,200 patients served
Project includes a Federally Qualified Health Center.
38,000 sq. ft. of real estate

CDEs

Midwest Minnesota CDC

Investor

US Bank

Project Description

The expanded clinic is now able to see an additional 3,200 patients annually who would have otherwise been turned away for service. As a Federally Qualified Health Center (FQHC), the medical center qualifies for federal aid to cover some of the cost of providing health care to low-income patients. It offers an attractive sliding fee scale to some of the nation’s poorest counties.

The 38,000 sq. ft. project has garnered significant charitable support in its home state, including two $1 million grant awards, due to strong evidence of community and project need. MMCDC combined an NMTC investment of $2 million from US Bank CDC with those grants and loans from the local US Bank branch, to reach the financing needed to proceed with the project.

A medically underserved area in Rapid City, S. D., is home to an expanded, modernized health center with the help of $6.05 million in New Markets Tax Credit financing from MMCDC

MAP

Address: 350 Pine Street, Rapid City, SD 57701

Census Tract: 46103010500

Voices from the Community

“MMCDC’s willingness to work with us has helped us with the final pieces of our financial puzzle.”