The Joseph P. Addabbo Family Health Center, Inc.

A 21,865 sq. ft. expansion onto its existing facility in the Far Rockaway neighborhood of Queens, New York.

Investment

  • NMTC Amount: $17,000,000
  • Total Project Cost: $23,930,528

IMPACT

  • 31 FTE jobs
  • 90 construction jobs
  • 97,000 patients served
  • Project includes a Federally Qualified Health Center.
  • 21,865 sq. ft. of real estate

Investor

Project Description

Joseph P. Addabbo Family Health Center, Inc., a nonprofit healthcare organization providing comprehensive health services to poor and medically underserved residents, plans to build a 21,865 sq. ft. expansion onto its existing facility in the Far Rockaway neighborhood of Queens, New York. The expansion will nearly double the size of the existing facility, creating 21 new exam rooms and clinical support spaces, including a new Physical Therapy practice and increased capacity for Adult Medicine, OB/GYN, Pediatrics, and HIV programming. Building America CDE, Inc., a subsidiary of the AFL-CIO Housing Investment Trust, has provided $8 million of New Markets Tax Credits (NMTCs) for the project along with $9M from Primary Care Development Corp. This enables Addabbo to accommodate more patients and reconfigure existing services to improve patient flow.

MAP

Address: 6200 Beach Channel Drive, Arverne, NY 11692

Census Tract: 36081097203

PDF Profile

Other New York Projects

Financing for the owner of a Fine Fare Supermarkets in Brooklyn to purchase the building she had leased for 13 years. The purchase will stabilize occupancy costs, secure a long-term

Renovation of a former high school facility into a 24,000 sq. ft. state-of-the-art community center/K-12 school

Capital Impact Partners and Chase provided NMTC financing to Urban Health Plan (UHP), via its support corporation, The Foundation for Urban Health and Well Being, Inc. to expand their existing

This multi-phase project transformed the long vacant building into a new headquarters for a nonprofit mental health counseling organization specializing in mental health support and drug dependency counseling, as well