Caring Health Center – Richard E. Neal Complex

The Caring Health Center project was the rehabilitation and adaptive reuse of three contiguous buildings in the Smith Carriage Company Historic District of Springfield, which improves healthcare in a medically underserved area.

Investment

  • NMTC Amount: $18,915,000
  • Total Project Cost: $21,561,650

IMPACT

  • 125 FTE jobs
  • 93 construction jobs
  • 52,000 patients served
  • Project includes a Federally Qualified Health Center.
  • 45,000 sq. ft. of real estate

Investor

Project Description

The Caring Health Center project was the rehabilitation and adaptive reuse of three contiguous buildings in the Smith Carriage Company Historic District of Springfield, which improves healthcare in a medically underserved area. The $21.5 million project has a 45,000 sq. ft. community health center, including 30 new exam rooms, 12 new dental operatories, a wellness center, pharmacy, and administrative space. Currently, only 25% of low-income residents in Caring Health Center’s service area are accessing medical care. Building the new facility doubled the Center’s capacity to serve low-income medical and dental patients and permitted the repurposing of the previous Main Street clinic into a Maternal and Child Health Center.

MAP

Address: 1049 Main Street, Springfield, MA 1103

Census Tract: 25013801102

PDF Profile

Site Visits

Richard E. Neal Complex Dedicated

Caring Health Center / Community Health Center (CHC), located at 1049 Main St., dedicated as the Richard E. Neal Complex at a dedication ceremony held on Monday, Sept. 22, 2014.
Sep-2014

Other Massachusetts Projects

Financing the light industrial and commercial component of a mixed-use project in Dorchester, one of Boston's lowest-income neighborhoods.
This innovative financing package helped fund construction of a 95,000-sq. ft. wet lab at Gateway Park in Worcester, which is expected to create 40 jobs.
A former mall was redesigned as an open air plaza.
The first transaction of its kind in the country combined a Federal loan guaranty program for health centers and the NMTC became a prototype for other community health facilities nationwide.