Esperanza Health Center

New Markets Tax Credit Coalition

Philadelphia,
PA
(2018)

Esperanza Health Center

Behavioral Health, Community, FQHCs, Healthcare, Historic Rehabilitation, Recreation

The purchase of a former bank and finance a full renovation and adaptive reuse as a health care clinic.

Investment

NMTC Amount: $18,500,000
Total Project Cost: $19,964,339

IMPACT

93 FTE jobs
44 construction jobs
47,246 patients served
Project includes a Federally Qualified Health Center.

CDEs

Community Health Center Capital Fund, PIDC Community Capital

Investor

Unknown

Project Description

The project involves the purchase of a former bank and finance a full renovation and adaptive reuse as a health care clinic. This project doubles the size of the clinic and includes a parking structure which was developed on land purchased from the city.

MAP

Address: 861 East Allegheny Avenue, Philadelphia, PA 19134

Census Tract: 42101017701

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