Esperanza Health Center

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.

Investor

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

Other Pennsylvania Projects

This project involved the completion of a new, $18 million transaction to help fund the expansion and consolidation of healthcare services provided by Primary Health Network (PHN) in Sharon.
The Connell Building, originally built in 1894, stood vacant for nearly a decade.
A multi-agency effort, which includes the City of Pittsburgh, Port Authority of Allegheny County and East Liberty Development Corporation, to assemble and redevelop six acres of blighted or obsolete commercial
PIDC plays key role in the development of ACANA’s Africa Center