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  • Alton,
  • IL
  • (2009)

Wellspring Resources

District: Nikki Budzinski (D-IL13)

The woman-operated Wellspring Resources (now Centerstone) in the medically underserved area of Alton Township is currently meeting a vital community need by providing extensive outpatient mental health services to area residents.

Investment

  • NMTC Amount: $4,900,000
  • Total Project Cost: $6,880,800

IMPACT

  • 30 FTE jobs
  • 30 construction jobs
  • 2,700 patients served
  • Project includes a Federally Qualified Health Center.
  • 35,000 sq. ft. of real estate

CDEs

Investor

Project Description

The woman-operated Wellspring Resources (now Centerstone) in the medically underserved area of Alton Township is currently meeting a vital community need by providing extensive outpatient mental health services to area residents. As a policy, the State of Illinois is shifting away from an institutional setting to serve the mentally ill and toward community mental health centers such as Wellspring to be the key mental health delivery system. The nonprofit Wellspring serves 2,700 patients annually, 100% of whom are low-income. The new 35,000 sq. ft., green mental health center allows Wellspring to expand services, hire 30 additional mental health workers and better respond to state RFPs. A HUD 108 loan from Madison County and state NMTCs were also leveraged to provide gap financing.

External Profile
External Profile 2

MAP

Address: 2615 Edwards Street, Alton, IL 62002

Census Tract: 17119402600

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