Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Fenway Community Health Center

Fenway Community Health Center

Project at a Glance:
Development Type:
Project Type:
New construction
MHIC Financing:
$9,500,000 in NMTC financing
Fenway Community Health Center, Inc.
Date Completed:

The Fenway Community Health Center (FCHC) recently moved into a new 10-story home on Boylston Street near Fenway Park. In its new state-of-the-art facility, FCHC, a Federally Qualified Health Center, will now be able to concentrate its operations under one roof and substantially expand its services. Founded in 1985, it is the largest lesbian, gay, bisexual and transgender health care and research facility in the world. The new building is part of a larger, mixed-use development that also includes housing and retail space. Funding of this project required a complex financing structure. MHIC worked with MassDevelopment to leverage credit-enhanced tax exempt bonds issued by the Massachusetts Industrial Finance Agency, with MHIC providing New Markets Tax Credit financing.