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. The most recent addition is Harbor Health Services, Inc., MA, which completed NMTC financing for a new Program for All-inclusive Care for the Elderly (PACE) facility.
We want to congratulate Mountain Park Health Center, AZ for recently closing financing on a $13.9 million purchase and renovation of a new facility in Tempe, AZ. Upon completion in early 2017, the new 32,000 square-foot facility will be over three times the size of the current building, enabling the center to increase patient capacity by 250%. Capital Link lending affiliate, Capital Fund, in collaboration with Local Initiatives Support Corporation (LISC), Morgan Stanley, and The Kresge Foundation, provided funding for the project through Healthy Futures Fund 2.0.
Congratulations to Family Health Center, MI on closing financing on a $15 million renovation and expansion of a new facility in Kalamazoo, MI. Upon completion in March 2017, the new 50,000 square-foot facility will enable the center to serve 18,800 patients each year. Capital Link lending affiliate, Capital Fund, in collaboration with Local Initiatives Support Corporation (LISC), Morgan Stanley, and The Kresge Foundation, provided funding for the project through Healthy Futures Fund 2.0.
Congratulations to Family Health Centers of San Diego (FHCSD), CA for recently closing financing on its fourth NMTC transaction, a $8.0 million facility to house the organization’s second Family Counseling Center. The new 8,250 square foot, two-story building will be located in the Barrio Logan neighborhood of San Diego. Upon completion in late 2017, the clinic will offer a variety of behavioral health and chemical dependency services. Capital Link worked closely with FHCSD on developing the business plan and assembling the financing for this project.
Lastly, we would like to congratulate James W. Hunt Jr., chief executive officer of the Massachusetts League of Community Health Centers and Capital Link’s Board Chair, for being honored with a 2016 Henry L. Shattuck City Champion Award. Each year the Boston Municipal Research Bureau recognizes Boston’s “unsung heroes” by presenting nine city employees with public service awards and two business leaders with City Champion awards, one from a nonprofit organization and one from for-profit business. Read more here.
