Healthcare that Meets People Where They Are
With financing from Enterprise and Nonprofit Finance Fund, Asian Health Services (AHS) transformed a three-story, 15,000 square-foot restaurant into a community health center for primarily low-income Asian and Pacific Islanders in Oakland’s Chinatown. In the heart of downtown Oakland, Calif., this new facility is accessible by public transportation and AHS estimates that more than 50 percent of their patients walk or use public transportation. The new helath center also meets Oakland’s Green Building Standards and is seeking LEED Silver Certification.
The Health Center:
- will serve 9,800 patients annually
- created 58 new jobs; 10 doctors, 32 clinical support personnel and 16 non-clinical support personnel
- provides primary care services in English and 10 Asian languages
To make the project possible Enterprise Community Loan Fund (ECLF) along with NFF provided a $5.1 million bridge loan along with a $2.3 million term loan. Enterprise Community Investment provided a $10.5 million New Markets Tax Credit (NMTC) allocation with J. P. Morgan as the investor. Additionally the project was funded by a $5.1 million grant from the Health Resources and Services Administration of the U.S. Department of Health and Human Services.
AHS is part of an ongoing partnership between Enterprise and NFF to make financing Federally Qualified Healthcare Centers simpler for communities across the country.