Health Center Highlights
Capital Link regularly profiles health centers that have successfully completed their expansion plans. These health center stories are available on our website. Our most recent profile is on Family Health Centers of San Diego, CA.
In addition, we'd like to congratulate the following health centers:
Family Health Centers of San Diego, CA recently closed its third NMTC transaction. The new $8.5 million El Cajon Family Health Center project was a renovation of a 25,000 square foot building that at one time housed a call center. When fully staffed (83 FTE), the clinic will offer primary care with a focus on OB/GYN and pediatrics, as well as dental, behavioral health, speech therapy, and vision services.
Harbor Health Services, Inc., MA celebrated a groundbreaking ceremony in Brockton, MA, pictured below. Renovations are now underway for the agency’s second Program of All-Inclusive Care for the Elderly (PACE®) site. Capital Link lending affiliate, Capital Fund, together with MassDevelopment, provided NMTC allocation for the $12.2 million project, which is expected to be completed by the middle of next year.
Lowell Community Health Center, MA recently closed financing on its $27 million expansion. Capital Fund is proud to be part of the group of lenders providing NMTC financing for the project, which will nearly double the health center's capacity to provide urgently-needed primary health care, vision and dental services to Lowell’s underserved residents. Read more here.
Capital Link worked closely with FHCSD, Harbor Health Services, and Lowell Community Health Center to develop their respective business plans and assemble the financing for these substantial projects.
Mountain Park Community Health Center, AZ closed its financing for a new clinic in Tempe, AZ, scheduled to open in 2017. Capital Fund, with the Local Initiative Support Corporation (LISC) under the Healthy Futures Fund 2.0 initiative (HFF), provided a subordinated loan to finance the new facility, which will expand Mountain Park’s services by approximately 200%.
