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

Northgate Retail Center

Baton Rouge,
LA
(2009)

Community, Healthcare, Retail

CDE(s): CCG Community Partners

Campus-Northgate has successfully completed a new retail center consisting of four single-story concrete buildings totaling 31,085 sq. ft. of retail space plus a surface parking lot consisting of 209 parking

Neighbors Cookies

West Monroe,
LA
(2021)

Business Development, Food Manufacturing, Manufacturing

CDE(s): Advantage Capital

A $2.75 million investment in West Monroe-based cookie dough and confectionary distributor, Neighbor’s Cookies.

Morehouse Community Health Center

Bastrop,
LA
(2021)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare, Rural, Shelters and Community Food

CDE(s): Community Health Center Capital Fund, Primary Care Development Corporation

The project involves the construction of a 41,260 sq. ft., state-of-the-art clinic facility in Morehouse Parish.

Kress at Third and Main

Baton Rouge,
LA
(2007)

Historic Rehabilitation, Housing, Mixed-use, Office, Retail, Retail and Commercial, Targeted Populations

CDE(s): Chase

The Kress at Third and Main Project involved the rehab of three buildings on the National Register of Historic Places.