Generations Family Health Center, Inc., a regional community health center covering 33 towns in eastern Connecticut, a medically underserved area, has constructed a new 32,000 square foot facility. The new building was made possible by a $12 million New Markets Tax Credit investment provided by MHIC, with US Bank CDC as the sole New Markets investor. This transaction represented the first financing structure of its kind pairing a USDA Direct Loan Program with New Markets financing.
Generations is a Federally-Qualified Health Center serving about 15,000 patients in an area of the state characterized by high levels of poverty, chronic illness, and substance abuse. Its main service area, Windham County, is the poorest county in the state. The new facility enabled Generations to relocate and consolidate three sites into one. It increases the health care center’s capacity by 60%, increase operational efficiencies, allow for the addition of new programs, and enhance patient outcomes. Generations had employeed approximately 100 full time staff; when the new Willimantic site reached capacity in 2013, they hired another 79 employees. Thus, not only did Generations serve a critical, unmet need for a disadvantaged population, it also provided employment opportunities for area residents.