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Chicago, IL (2010)

PCC Austin Family Health Center

Chicago Development Fund provided $6.5 million in NMTC financing to PCC Wellness Center, a nonprofit organization and operator of multiple federally qualified health centers located in Chicago's West Side and near western suburbs.

Investment

  • NMTC Amount: $6,370,000
  • Total Project Cost: $6,370,100

IMPACT

  • 30 FTE jobs
  • 31 construction jobs
  • 10,000 patients served
  • Project includes a Federally Qualified Health Center.
  • 18,300 sq. ft. of real estate

Investor

Project Description

Chicago Development Fund (CDF) provided $6.5 million in NMTC financing to PCC Wellness Center (PCC), a nonprofit organization and operator of multiple federally qualified health centers located in Chicago’s West Side and near western suburbs. PCC had recently completed construction of an 18,300 sq. ft. health clinic in the Austin Community Area, which replaced an outdated facility. CDF was able to provide permanent financing that allowed PCC to take out its existing construction loan. The new LEED-Silver certified Austin Family Health Center serves approximately 10,000 patients per year, which is 2.5 times as many patients as the previous facility accommodated. The facility is able to provide comprehensive, outpatient primary health care including behavioral health offices and counseling rooms, community meeting rooms, a dental suite, WIC offices, and space for a future pharmacy.

MAP

Address: 5425 West LAKE Street, Chicago, IL 60644

Census Tract: 17031251900

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