Urban Health Plan

New Markets Tax Credit Coalition

Bronx,
NY
(2017)

Urban Health Plan

Behavioral Health, Community, FQHCs, Healthcare

UHP used NMTC financing to build a new 54,000-sq. ft. facility adjacent to their currently overcrowded site in the Morrisania neighborhood of the Bronx.

Investment

NMTC Amount: $6,000,000
Total Project Cost: $6,683,187

IMPACT

30 FTE jobs
50 construction jobs
18,000 patients served
Project includes a Federally Qualified Health Center.
54,000 sq. ft. of real estate

CDEs

Nonprofit Finance Fund

Investor

Wells Fargo

Project Description

Urban Health Plan (UHP) is a network of Federally Qualified Health Centers (FQHCs) that has provided medical care for more than 30 years to residents of the South Bronx. UHP used NMTC financing to build a new 54,000 sq. ft. facility adjacent to their currently overcrowded site in the Morrisania neighborhood of the Bronx. Upon completion of the new building, UHP provides more than 400,000 patient visits annually, a 50% increase in their capacity.

Low Income Investment Fund, Goldman Sachs Urban Investment Group, Enterprise Community Partners, Seedco Financial Services, and Nonprofit Finance Fund provided debt to the project.

MAP

Address: 866 East Tremont, Bronx, NY 10464

Census Tract: 36005036502

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