New Markets Tax Credit Coalition

Community Health Initiatives

Coney Island FQHC receives NMTC financing to expand its services

Investment

  • NMTC Amount: $1,237,113
  • Total Project Cost: $2,382,940

IMPACT

  • 41 FTE jobs
  • 11 construction jobs
  • Increased capacity by 45%
  • 8,000 sq. ft. of real estate

Investor

Project Description

Community Health Initiatives (CHI) is a Federally Qualifies Health Center (FQHC) located in the working-class community of Coney Island, NY. CHI offers primary care, pediatrics, mental/behavioral health, counselling, and other wrap around services.

NMTC financing supported a new, 8,000 sq. ft. facility across the street from CHI’s current health center. The new site, which has 19 exam rooms along with a physical therapy area, nurse station, urgent care practice, and administrative space, helped to expand their capacity by 45%.

MAP

Address: 1409 Mermaid Avenue, Brooklyn, NY 11224

Census Tract: 36047034800

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