Lawrence General Hospital

New Markets Tax Credit Coalition

Lawrence,
MA
(2018)

Lawrence General Hospital

Community, Healthcare, Hospitals and Emergency Services, Safety Net Hospital

The construction of a surgical addition to Lawrence General Hospital.

Investment

NMTC Amount: $11,816,000
Total Project Cost: $55,000,000

IMPACT

154 FTE jobs
330 construction jobs
300,000 patients served
43,700 sq. ft. of real estate

CDEs

Bank of America, MHIC

Investor

Bank of America

Project Description

This NMTC supported financing for the construction of a surgical addition to Lawrence General Hospital (LGH). The addition added 43,700 sq. ft. on 2 floors with 7 new operating rooms.

LGH is an independent, non-government, non-religiously affiliated, not-for-profit hospital serving the greater Lawrence, MA community and surrounding areas. LGH serves nearly 300,000 patients annually and is the sole remaining not-for-profit hospital serving the immediate Lawrence area.

The hospital s presence in the city of Lawrence has ensured that the working poor have access to quality primary care. Of the city s roughly 77,000 residents, almost 30% of households live below the Federal poverty rate and the city s 8.6% unemployment rate is among the highest in the state.

MAP

Address: 1 General Street, Lawrence, MA 1841

Census Tract: 25009250800

Other Massachusetts Projects

Educare Springfield

Springfield,
MA
(2018)

Community, Daycare and Early Childhood, Healthcare, Youth and Families

CDE(s): MassDevelopment

NMTC financing for the first Educare school in Massachusetts, serving 141 Head Start-eligible young children and their families with a full-day, year-round early education program.

Greater Lawrence Community Action Council Childcare Center

Lawrence,
MA
(2021)

Community, Healthcare, Youth and Families

CDE(s): Raza Development Fund

The construction of a new two-story, 30,000 sq. ft. modern, child-oriented facility that will improve the quality of education, child safety and functionality for the children and staff, replacing a

Harbor Health Services

Brockton,
MA
(2016)

Community, FQHCs, PACE

CDE(s): Community Health Center Capital Fund, MassDevelopment

Acquisition and renovation of a facility for a PACE (Program of All-Inclusive Care for the Elderly) center with capacity to serve 485 low-income elderly people, enabling these nursing care eligible

East Boston Neighborhood PACE

Revere,
MA
(2017)

Community, Healthcare, PACE

CDE(s): Chase, MHIC

The land acquisition and new construction of a 15,000 SF building in a highly distressed census tract in Revere, MA, by East Boston Neighborhood Health Center, an FQHC, for a