Lowell House, Inc.

New Markets Tax Credit Coalition

Lowell,
MA
(2019)

Lowell House, Inc.

Behavioral Health, Community, FQHCs, Healthcare

NMTC financing totaling $2,000,000 to finance the acquisition of an existing sublease and build out of space for Lowell House Inc.

Investment

NMTC Amount: $2,000,000
Total Project Cost: $2,000,000

IMPACT

10 FTE jobs
10 construction jobs
2,530 patients served
Project includes a Federally Qualified Health Center.

CDEs

MHIC

Investor

Chase

Project Description

A qualified equity investment of $2 million by the Chase allowed MHIC to provide NMTC financing for the acquisition of an existing sub-lease and build out of space for Lowell House Inc.’s new facility, the Center for Integrated Treatment and Recovery in Lowell, MA.

MAP

Address: 101 Jackson Street, Lowell, MA 1852

Census Tract: 25017310100

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