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Bronx, NY (2017)

Urban Health Plan

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

Investor

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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