Expanding Service to the Needy: Urban Health Plan Builds New Clinic With Help of New Markets Tax Credit
By Caitlin Jones
1 min read
Tax Credit Advisor — June 2011 — The federal new markets tax credit is one of the major funding sources for a new health care facility in the South Bronx section of New York City that will provide expanded services to low-income individuals and families in medically underserved local neighborhoods. Urban Health Plan (UHP), a network of federally qualified community health centers based in the South Bronx and Queens, plans to build a new, six-story, 54,000 square-foot community health clinic, expanding its services to communities in the South Bronx. The $55.5 million transaction will nearly double the number of annual primary care visits (medical, dental, vision, and mental health) to more than 400,000 by 2016. The new clinic will be built to LEED Silver standards. “The planned expansion of our facilities and services will enable us to provide quality, affordable care to at least 20,000 new patients,” said Paloma Hernandez, President and CEO of Urban Health Plan. “It will make it possible for us to continue to impact and improve the health outcomes of our community.”
