Lowell House, Inc.

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 (QEI) of $2 million by the Chase/MHIC Small QLICI Investment Fund in MHIC NE CDE II subsidiary 53 LLC to make a qualified low-]income community investment (QLICI) totaling $2,000,000 to finance the acquisition of an existing sub]lease and build out of space for Lowell House Inc. fs (LHI) new facility to be called the Center for Integrated Treatment and Recovery (CITAR) in Lowell, MA.