Commonwealth Cornerstone Group (CCG) completed an $8 million new markets tax credit (NMTC) financing transaction that helped fund the construction of a new $16 million wellness center at 21st Street and Cecil B. Moore Avenue in Philadelphia. The developer of the new center is Project HOME, which is well known in the region for its programs providing critical support services to the homeless and those on low incomes. The new facility expands healthcare services for needy people in a struggling Philadelphia neighborhood and much much more.

Project HOME developed the nearly 30,000-square-foot Stephen Klein Wellness Center to relocate its clinic that has been operating in the St. Elizabeth Community Center for the previous 18 years. This allowed for the expansion of its primary care, behavioral health, and health education services. The new center tripled the number of exam rooms and tripled the volume of patients that are treated for complex health problems. It also lets Project HOME offer new services, including a fitness facility managed by the YMCA, physical therapy, a pharmacy, and dental care. The YMCA provides childcare services for parents using the fitness facilities or being treated by physicians. A multi-purpose room in the center is available for community meetings, classes, and community programming.

The new facility expands healthcare services for needy people in a struggling Philadelphia neighborhood.

“We’re proud to help finance the development of this new wellness center that will support the expansion of healthcare services to a population in the city that will benefit greatly from its availability,” said Brian A. Hudson Sr., CCG chairman and executive director of the Pennsylvania Housing Finance Agency (PHFA). CCG was created in 2004 by PHFA to serve as a nonprofit community development entity.