New Markets Tax Credit Coalition

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

The new construction of a six-story, 78,900 sq. ft. community health facility for the Whittier Street Health Center Committee, Inc.
The Massachusetts Department of Transitional Assistance - a state agency that provides transitional assistance to low-income families - now occupies three floors of a NMTC financed facility.
Renovating old buildings and keeping neighborhoods free of crime are just two ways to improve communities.
Project financed the reconfiguration and renovation of the primary operating site of the YWCA Central Massachusetts, Inc.