St. Thomas Community Health Center

New Markets Tax Credit Coalition

New Orleans,
LA
(2011)

St. Thomas Community Health Center

Behavioral Health, Community, Disaster Recovery, FQHCs, Healthcare, Historic Rehabilitation, Katrina

St. Thomas Community Health Center, New Orleans, LA completed financing in March, 2011 to purchase and renovate a 10,000 sq. ft. historic building.

Investment

NMTC Amount: $7,063,865
Total Project Cost: $7,063,865

IMPACT

33 FTE jobs
32 construction jobs
10,212 patients served
Project includes a Federally Qualified Health Center.
10,000 sq. ft. of real estate

CDEs

Capital Link

Investor

Unknown

Project Description

St. Thomas Community Health Center (STTCHC), New Orleans, LA completed financing in March, 2011 to purchase and renovate a 10,000 sq. ft. historic building, consolidating the health center’s three existing sites and enabling the center to double the number of patients it currently serves. STTCHC was established in 1987 (originally as St. Thomas Community Health Services) with the mission of providing comprehensive adult, pediatric, obstetrical, and behavioral medical care to the uninsured, underinsured and working poor residents of the New Orleans community. The organization’s operations were severely disrupted by Hurricane Katrina in 2005, but STTCHC managed to quickly reopen to serve community residents impacted by the storm, many newly unemployed and now uninsured.

MAP

Address: 1936 Magazine Street, New Orleans, LA 70130

Census Tract: 22071008200

Other Louisiana Projects

Odyssey House Louisiana

New Orleans,
LA
(2017)

Addiction Treatment, Behavioral Health, Community, Culinary Entrepreneurship, Disaster Recovery, FQHCs, Healthcare, Historic Rehabilitation, Katrina, Shelters and Community Food

CDE(s): Enterprise Community Partners, GS New Markets Fund

Abandoned automotive facility transformed into health center, empowering people to overcome addiction.

Myrtle Banks Building

New Orleans,
LA
(2013)

Community, Historic Rehabilitation, Mixed-use, Nonprofit Hub

CDE(s): First NBC Community Development Fund

With the help of NMTCs and HTCs, Alembic Community Development restored the structure and transformed it into the 23,000-square-foot Jack and Jake’s Public Market, artist exhibition space and shared office

Ochsner Baptist Medical Center

New Orleans,
LA
(2007)

Adult Daycare, Community, Disaster Recovery, Healthcare, Hospitals and Emergency Services, Katrina, Nursing Homes and Hospice

CDE(s): Capital One, Enhanced Capital, National New Markets Fund

NMTC financing was structured as operational capacity to expand and re-open more than one million sq. ft. of medical services space including: 100-bed surgical hospital, a senior living facility for

CommCare Nathchitoches

Natchitoches,
LA
(2021)

Community, Nursing Homes and Hospice

CDE(s): AMCREF Community Capital, Hampton Roads Ventures

CommCare is constructing a 72,000 sq. ft. skilled nursing and rehabilitation facility in Natchitoches, LA that will serve 120 patients per year, 80% of which will be low-income.