Philadelphia, PA (2020)

Provident Public Health Center

Provident Public Health Center is the renovation of the historically significant Provident Mutual Life Insurance Building which has been vacant for over 20 years, into a medical campus in a medically underserved area.

Investment

  • NMTC Amount: $20,000,000
  • Total Project Cost: $69,641,724

IMPACT

  • 1,765 FTE jobs
  • 160 construction jobs
  • Public Health Manangement Corporation (PMHC) anticipates providing social services for over 20,000 participants annually, over 60% of which are anticipated to be low income. Children's will expand its pediatric outpatient behavorial services to over 5,000 patients annually. The borrower is targeting a childcare provider/pre-school that will serve 500 children annually, of which 400 will be LIPs. PMHC will create a workforce training program that anticipates training over 2,500 adults annually of which 2,000 are anticipated to be LIPs.

Project Description

Provident Public Health Center is the renovation of the historically significant Provident Mutual Life Insurance Building which has been vacant for over 20 years, into a medical campus in a medically underserved area. Children’s Hospital of Philadelphia and Public Health Management Corporation will serve as the anchor tenants and provide essential medical care to the low-income community.

The Project is located within a severely distressed medically underserved census tract.  According to a Philadelphia Department of Health 2018 Study, adult obesity in the surrounding neighborhood is 39.6%, diagnosed mental health conditions are 22.4% and 47.6% of children under the age 18 are living in poverty. The Project is designed to provide the services the community needs most, including a medical clinic providing basic health and dental services to the low-income community. PHMC will run the Children’s Community Umbrella which will provide case management to at-risk children and CHOP will offer various programs focused on behavioral health including suicide prevention, autism, eating disorders and depression. The Project will serve at least 28,000 people annually with a large majority of those being from the low-income community.

With an unemployment rate of 17.5%, 2.11 times the national average, The Project will create 1,500 high-paying quality jobs which will be filled by the members of the community and 160 union construction jobs. Tenants will partner with Philadelphia Works and Enterprise Center to ensure low-income persons and low-income residents have access and receive the training needed to qualify for the new jobs. ;

MAP

Address: 4601 Market Street, Philadelphia, PA 19139

Census Tract: 42101010500

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