Organization: Community Hospitality Healthcare Services, LLC (CHHS)

Award: CHHS received a $40 million allocation in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund.

Background:

• Mission: CHHS is dedicated to financing high-impact, mission-focused healthcare projects in low-income communities. They have a strong track record of investing in healthcare infrastructure that improves access to essential services in underserved areas.
• Previous Awards: This NMTC award is part of CHHS’s continued success in securing funding to support their mission. They have been awarded NMTC allocations in previous years, which have enabled them to fund numerous projects across the United States.

Project Focus:

1. Evara Health Projects (Pinellas County, FL):
   • Milton Park Location: The $20 million investment will support the acquisition and rehabilitation of a 13,368 sq. ft. building, which will include medical examination rooms, behavioral health rooms, a pharmacy, and a food pharmacy. The facility is expected to serve 12,000 unique patients annually.
   • Pinellas Park Location: The investment will finance operating and capital expenditures, expanding services such as primary medical care, women’s health services, behavioral health, nutrition, dental evaluations, and case management. This location is expected to serve 17,600 unduplicated patients annually through 42,300 patient visits.
2. Grady Health System – Center for Advanced Surgical Services (CASS) (Atlanta, GA):
   • Project Details: The project involves constructing a 225,000 sq. ft. surgical center and a 330,000 sq. ft. parking deck adjacent to the main hospital. The new CASS will include operating rooms, endoscopy rooms, a cancer center, surgical clinics, imaging, pharmacy, and lab facilities. This expansion will increase Grady’s surgical clinic capacity by 45% and surgery capacity by 25%, improving healthcare access for the Atlanta metro area.

Impact:

• Healthcare Access: The projects funded by the NMTC award will significantly improve access to healthcare services for low-income and medically underserved communities.
• Job Creation: The construction and operation of new healthcare facilities will create jobs and stimulate economic growth in the regions served.
• Community Benefits: The enhanced healthcare infrastructure will provide comprehensive services, including medical, behavioral health, and pharmacy services, benefiting thousands of patients annually.