Far Rockaway, NY (2021)

Saint Johns Community Hospital

Investment

  • NMTC Amount: $23,090,000
  • Total Project Cost: $32,700,000

IMPACT

  • 87 FTE jobs
  • 75 construction jobs
  • 20,000 patients served
  • 52,073 sq. ft. of real estate

Investor

CCG Community Partners assembled the key tax credit equity financing for the $32.7 million construction of a new 52,073 sq. ft., four-story health center

Project Description

CCG Community Partners assembled the key tax credit equity financing for the $32.7 million construction of a new 52,073 sq. ft., four-story health center located at 510 Beach 20th Street in Far Rockaway, NY which will be an expansion to the neighboring St. John’s Episcopal Health (SJEH) facilities already in operation. The new medical facility will be fully occupied by SJEH and will provide a variety of healthcare services. More specifically, the new facility will offer comprehensive women’s services and cancer care including radiation oncology on the first floor, primary care with co-located behavioral health services on the second floor, wellness and recovery and community mental health services on the third floor, and infusion and additional behavioral health services on the fourth floor. The Project is projected to provide unmet healthcare needs to an estimated 20,000 unique patients per year with greater than 90% expected to be local low-income community residents, primarily the Medicaid managed, uninsured, and underinsured families living within a five-mile radius of the facility. SJEH is the only hospital to provide emergency and ambulatory care to the densely populated and medically underserved populations of the Rockaways and Five Towns in southern Queens County and southwestern Nassau County, NY. The existing 257-bed facility provides comprehensive preventive, diagnostic, treatment and rehabilitative services, regardless of ability to pay, and is a vital part of the economy, currently employing 1,500 full-time employees. The Project is expected to create over 75 temporary construction jobs and at least 43 new full-time permanent jobs, in a census tract with a 30% Poverty Rate and 52.63% Area Median Income.

MAP

510 Beach 20th Street, Far Rockaway, NY 11691

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