New Markets Tax Credit Coalition

  • Philadelphia,
  • PA
  • (2018)

Esperanza Health Center

District: Brendan Boyle (D-PA02)

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

,

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

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