South Webster, OH (2013)

Lorain County Health & Dentristy Clinic

District:

Investment

  • NMTC Amount: $8,470,213
  • Total Project Cost: $8,875,297

IMPACT

  • 22 FTE jobs
  • 150 construction jobs
  • Project includes a Federally Qualified Health Center.

Investor

Project Description

Acquire, rehabilitate, develop, own, operate lease and sublease a healthcare center.

Lorain County Health & Dentistry Clinic (LCH&D) is the largest safety-net provider of primary health care in Lorain County.

Located in the City of Lorain, this project made it possible for the LCH&D to expand its services, including a vision clinic and behavioral health program. This was accomplished by transforming a vacant building into the clinic’s main location.

LCH&D created 22 new jobs and services 7,500 additional patients. Among other financing sources, Development Fund of the Western Reserve (DFWR) allocated $6.5 million in federal New Markets Tax Credits (NMTC) and $2.5 million in State of Ohio New Markets Tax Credits.

MAP

Address: 19 South Bennett Street, South Webster, OH 44052

Census Tract: 39093097300

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