New Markets Tax Credit Coalition

Search

La Clinaca Tepeyac

An $18 million NMTC transaction financed the ground-up construction of a four-story mixed-use development with a health center and healthy food retailer.

Investment

  • NMTC Amount: $8,000,000
  • Total Project Cost: $18,000,000

IMPACT

  • 7 FTE jobs
  • 100 construction jobs
  • 8,000 patients served
  • Project includes a Federally Qualified Health Center.

Investor

Project Description

Capital Impact provided a $5.8 million loan to La Clinica Tepeyac in Denver, CO as part of an $18 million New Markets Tax Credit transaction, which will finance the ground-up construction of a four-story mixed-use development. The ground floor will contain a health center and healthy food retailer, while the upper floors will provide 150 units of affordable housing. La Clinica Tepeyac, an FQHC, is one of a few culturally competent providers of health care to the uninsured community in Denver. It is known as a safe space; a large portion of its clients are undocumented, and the majority primarily speak Spanish. The new space will help La Clinica expand its client base from 4,000 to 8,000 over seven years.

MAP

Address: 5075 Lincoln Street, Denver, CO 80216

Census Tract: 8031001500

Other Colorado Projects

NMTC financing for a private label manufacturer of health/beauty products in Lakewood, CO.
The Stout Street Health Center and Renaissance Lofts expanded access to these critical medical services with the construction of a 50,000-square-foot replacement facility
NMTC financing supported the construction of a new 26,200 sq. ft. Medical and Senior Activity Center targeted to seniors to include: an approximately 8,000 sq. ft. medical clinic to be
Financing for a manufacturer of LEED Certified building products and window materials.