Nonprofit, Community Health Center
NMTC Investor – JP Morgan Chase
CDEs – Opportunity Fund, Nonprofit Finance Fund, Capital Impact Partners, JP Morgan Chase
secured $30.6 million in NMTC financing for construction of the new 29,000 square foot clinic facility for the OLE Health Center, a Federally Qualified Health Center that serves the low-income community of Napa and Solano counties.
The project funding combined county and philanthropic grants, proceeds from a capital campaign, sponsor equity and a bridge loan. The NMTC closing occurred in May 2017 with construction and occupancy completed in 2018.
The development includes creation of designated waiting areas for dental, medical, family/pediatric and adults. Special attention was paid to the use of colors, finishes and furnishing for 8,800 square feet of the health center to increase pediatric comfort and wayfinding
In response to a dramatically increasing population of pediatric patients, renovations to this medical and dental health center make the facility more family friendly.Fact Sheet