High Point Treatment Center

Middleborough,
MA
(2014)

High Point Treatment Center

Addiction Treatment, Behavioral Health, Community, Healthcare

High Point, the largest provider of addiction and mental health treatment in Massachusetts, received NMTC financing to acquire and renovate a 60,000-square-foot facility on a Middleborough site that had been vacant for more than a decade.

Investment

NMTC Amount: $10,840,000
Total Project Cost: $12,654,341

IMPACT

131 FTE jobs
70 construction jobs
4,000 patients served
60,000 sq. ft. of real estate

CDEs

Chase, MassDevelopment

Investor

Chase

Project Description

High Point, the largest provider of addiction and mental health treatment in Massachusetts, needed funding to acquire and renovate a 60,000 sq. ft. facility on a Middleborough site that had been vacant for more than a decade. As part of this transaction, High Point also sought financing for other regional construction projects. MassDevelopment provided $19 million in tax-exempt bonds and $8 million of New Markets Tax Credit financing. This total financing solution allows High Point to expand services in the region and generate jobs. This project created nearly 300 clinical and construction jobs, enabled High Point to serve 4,000 more patients, and addressed a growing health concern.

MAP

Address: 52 Oak Street, Middleborough, MA 2346

Census Tract: 25023542300

PDF Profile

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