Fair Haven Community Health Center
Fair Haven Community Health Care has operated in New Haven for over half a century. We secured $38.2 million in NMTC financing to build a new, state-of-the art facility its patients deserve.
Fair Haven Community Health Center
New Haven, CT
Fair Haven Community Health Care (FHCHC) is a minority-controlled Federally Qualified Health Center providing high-quality primary and behavioral care to a predominantly Hispanic patient population experiencing acute health disparities. We worked closely with FHCHC as they navigated a complex capital stack of state and federal grants and rising construction costs due to the pandemic. We helped secure funding, including $26.1 million in bridge and term debt, for the construction of a 35,560-SF clinic featuring 26 exam rooms, behavioral health and medication-assisted treatment space, a community pharmacy, and a computer room supporting digital literacy programs developed in partnership with the University of New Haven. The new facility will also house a healthy food prescription program to serve food-insecure patients and enable FHCHC to deliver primary care, behavioral health, women's health, HIV treatment and substance abuse services to over 20,000 unique low-income patients annually.
Works Completed
Assembled $38.2 million in NMTC allocation from five CDEs
Identified optimal lenders for the transaction and negotiated favorable term sheets
Negotiated top-of-market NMTC equity pricing
Assisted with document negotiations, community impact reporting requirements and closing execution
Provided post-closing support around compliance and other NMTC obligations
Results
This major capital project, the first of FHCHC’s in over 50 years, is now under construction.
Featured Impact Numbers
35,560 SF
New clinic size
20,000+
Unique low-income patients served annually
26
Exam rooms
