Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Generations Family Health Center

Generations Family Health Center

Project at a Glance:
Development Type:
Project Type:
New construction
MHIC Financing:
$800,000 in debt financing, $12,022,465 in NMTC financing
Generations Family Health Center, Inc.
Date Completed:

Generations Family Health Center, Inc., a regional community health center covering 33 towns in eastern Connecticut, a medically underserved area, has constructed a new 32,000 square foot facility. The new building was made possible by a $12 million New Markets Tax Credit investment provided by MHIC, with US Bank CDC as the sole New Markets investor. This transaction represents the first financing structure of its kind in which the USDA Direct Loan Program has been paired with New Markets financing.
Generations is a Federally-Qualified Health Center serving about 15,000 patients in an area of the state characterized by high levels of poverty, chronic illness, and substance abuse. Its main service area, Windham County, is the poorest county in the state. The new facility enabled Generations to relocate and consolidate three sites into one. It will increase the health care center’s capacity by 60%, increase operational efficiencies, allow for the addition of new programs, and enhance patient outcomes. Additionally, Generations currently has approximately 100 full time employees; when the new Willimantic site reaches capacity in 2013, the facility expects to hire another 79 employees. Thus, not only does Generations serve a critical, unmet need for a disadvantaged population, it also provides employment opportunities for area residents.