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Joshua M. Alper
Bethany A. Bartlett
Edward M. Bloom
Joshua M. Bowman
Gary D. Buchman
Robert M. Carney
Paula G. Curry
Douglas M. Henry
Deborah Howitt Easton
Richard J. Kaitz
Gary M. Markoff
Ronald W. Ruth
John J. Slater
Geoffrey H. Smith
Written by: Bethany A. Bartlett and Douglas M. Henry
The process of funding community health centers is often complicated and lengthy. Combining financing from a multiple sources, such as federal and state programs and private financing, requires extensive coordination and creative thinking from clients, consultants, and their legal teams. Construction financing for the new Lowell Community Health Center was no exception. The LCHC is scheduled to open its new home in the autumn of 2012, more than doubling its square footage and increasing exam rooms from 37 to 85 at a cost of approximately $42 million.
Expanding community health centers must rely on federal grants, New Markets Tax Credits (NMTC), Federal Historic Tax Credits (FHTC), and federal construction guarantees. The complexity of the LCHC transaction provides many lessons for future projects of this nature.
4 Lessons Learned:
Bethany is a partner in the firm's Real Estate Department.
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Douglas M. Henry is a Partner in the firm's Real Estate Department and a member of the firm's Solar Energy Practice Group.
Read his bio and connect with him on LinkedIn.
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