New Markets Tax Credit Coalition

Search

Norfolk Medical Office Building

A $10 million state & $5.3 million federal NMTC financing to construct a new 83,493 sq. ft. medical office complex, offering a wide variety of medical services not otherwise found in Norfolk, including physical therapy, pediatrics, family practice, internal medicine, imaging, lab, orthopedics, specialty clinic, surgical/oncology, pain, and an ambulatory surgical center.

Investment

  • NMTC Amount: $5,300,000
  • Total Project Cost: $10,000,000

IMPACT

  • 212 FTE jobs
  • 250 construction jobs
  • 83,493 sq. ft. of real estate

Investor

Project Description

A $10 million state & $5.3 million federal NMTC financing to construct a new 83,493 sq. ft. medical office complex, offering a wide variety of medical services not otherwise found in Norfolk, including physical therapy, pediatrics, family practice, internal medicine, imaging, lab, orthopedics, specialty clinic, surgical/oncology, pain, and an ambulatory surgical center.

MAP

Address: 3900 Madison Avenue, Norfolk, NE 68701

Census Tract: 31119960900

Other Nebraska Projects

The Beatrice YMCA renovated 52,000 sq. ft. of their existing facility and expanded by over 14,000 sq. ft. to meet increased demand.
NMTC financing supported the construction of the Lexington Regional Health Center
An NMTC investment supported NGC’s expansion project at its new headquarters located in the Telegraph District.
CEI Capital Management provided $1.9 million in NMTC financing to Habitat for Humanity of Omaha for the construction of 14 new, affordable, homes.