Shasta Community Health Center (Redding)

New Markets Tax Credit Coalition

Redding,
CA
(2014)

Shasta Community Health Center (Redding)

Community, Healthcare

NMTC financing helped the Shasta Community Health Center to fund Phase III of an expansion project for SCHC’s main medical facility in Redding, California.

Investment

NMTC Amount: $17,460,000
Total Project Cost: $17,890,304

IMPACT

335 FTE jobs
35 construction jobs
36,000 patients served
311 full-time jobs retained, 24 new permanent positions created

CDEs

California Statewide Communities Development Corporation, Low Income Investment Fund

Investor

US Bank

Voices from the Community

It has helped us to build two major expansion of primary care services to our medically underserved communities of Anderson and Redding, CA. We could not have done it without this help.

-Dean Germano, CEO, Shasta Community Health Center, Redding, California

Project Description

The California Statewide Communities Development Corporation (CSCDC) has provided $9 million of NMTC allocation to Shasta Community Health Center (SCHC) to fund Phase III of an expansion project for SCHC’s main medical facility in Redding, California. The SCHC Redding facility is located in a severely distressed census tract and will continue to be a critical health care safety net provider for low-income persons; 10,000 persons are newly eligible for Medi-Cal due to Federal health reform. Twenty-six percent of the almost 36,000 patients seen by SCHC in 2012 were uninsured, and over 67% of SCHC patients rely on government-sponsored health insurance. Additionally, it is anticipated that there will still be a significant population of uninsured residents within the service area that will require primary medical care services despite the insurance changes from Federal health reform.

MAP

Address: 1035 Placer Street, Redding, CA 96001

Census Tract: 6089010100

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