Ochsner Baptist Medical Center

New Orleans,
LA
(2007)

Ochsner Baptist Medical Center

Adult Daycare, Community, Disaster Recovery, Healthcare, Hospitals and Emergency Services, Katrina, Nursing Homes and Hospice

NMTC financing was structured as operational capacity to expand and re-open more than one million sq. ft. of medical services space including: 100-bed surgical hospital, a senior living facility for 250 residents, outpatient imaging center, a radiation center and medical offices.

Investment

NMTC Amount: $25,000,000
Total Project Cost: $120,000,000

IMPACT

1,073 FTE jobs
151,805 patients served
1,000,000 sq. ft. of real estate

CDEs

Capital One, Enhanced Capital, National New Markets Fund

Investor

Capital One

Project Description

Prior to Hurricane Katrina, Ochsner Baptist Medical Center (formerly Memorial Medical) treated more uninsured patients than any other private hospital in the region. NNMF’s NMTC financing (two other allocatees invested) was structured as operational capacity to expand and re-open more than one million sq. ft. of medical services space including: 100-bed surgical hospital, a senior living facility for 250 residents, outpatient imaging center, a radiation center and medical offices. The project is bringing much-needed health services and jobs back to New Orleans.

MAP

Address: 2700 Napoleon Avenue, New Orleans, LA 70121

Census Tract: 22071011100

Other Louisiana Projects

St. Thomas Community Health Center

New Orleans,
LA
(2011)

Behavioral Health, Community, Disaster Recovery, FQHCs, Healthcare, Historic Rehabilitation, Katrina

CDE(s): Capital Link

St. Thomas Community Health Center, New Orleans, LA completed financing in March, 2011 to purchase and renovate a 10,000 sq. ft. historic building.

GAME Equipment

Napoleonville,
LA
(2010)

Business Development, Manufacturing, Rural

CDE(s): Advantage Capital

$2 million NMTC investment enabled the company's owner to realize manufacturing and exporting vision. An additional $3.16 million private capital invested in the company. Both allowed GAME to expand its

Saint Augustine High School

New Orleans,
LA
(2021)

FQHCs, Schools

CDE(s): Enhanced Capital

Enhanced Capital is thrilled to partner with St. Augustine High School (St. Augustine) to provide financing through the Louisiana and federal New Markets Tax Credit (NMTC) program. Located in New

New Orleans Center for Creative Arts

New Orleans,
LA
(2017)

Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Incubator, Vocational Training

CDE(s): Enhanced Capital, United Fund Advisors

New Orleans Center for Creative Arts is a regional, pre-professional arts training center that offers students intensive instruction in culinary arts, dance, media arts.