Finances tenant improvements, equipment purchases and closing costs associated with the expansion of a company’s Orlando location. The expanded facility will allow it to expand its research and development for new product lines and create new jobs. Lift Orlando will build and operate a new ~30,000 sq. ft., two-story Health and Wellness Center within the West Lakes Community Campus in Orlando, Florida. The project, anchored by a Federally Qualified Health Center (FQHC), will also include office space for local nonprofits, the new West Lakes Financial Wellbeing Center, co-working space, a community cafe, and a fitness facility.

The project is part of a purpose-built community which includes 200 units of mixed-income homes, 120 affordable senior apartment homes, an early childhood learning center, and a new Boys and Girls Clubs of Central Florida branch. The FQHC will be operated by Community Health Centers, one of the region’s largest nonprofit providers of health services which serves nearly 70,000 patients annually. A broad range of patient-centered services will be provided, including a primary practice for preventative care, internal medicine, pediatrics, vision, dental, behavioral health and urgent care. The connectivity of the building’s offerings will provide an integrated approach to improving health, financial and lifestyle wellness, and allowing seamless service interactions and encouragement of healthy choices.

With an unemployment rate of 24.7%, 2.98 times the national average, the project will create 23 full-time quality jobs and 38 construction jobs. Community Health Centers is dedicated to ensuring that new job openings will create career opportunities for residents of West Lakes and approximately 1/4 of new positions are anticipated to be entry level and available to residents of the surrounding community and 50% of the positions will be held by minority persons. Due to the nonprofit nature of the Sponsor, Lift Orlando has been reliant on community support and fundraising to fund the construction of the project. With Covid-19 and other economic headwinds delaying additional fundraising, the project would not be able to move forward providing critical access to quality healthcare and other community services to the surrounding low-income community without New Markets Tax Credit financing.

Dudley Ventures, through its affiliate DV Advisory Services, LLC, provided structuring, advisory services and closing execution. Black Business Investment Fund, Inc. provided $9,500,000 in NMTC allocation and ST CDE provided $3,000,000 in NMTC allocation. Truist Community Capital, LLC acquired the New Markets Tax Credits.