“Nonprofit Finance Fund was one of only two CDEs willing to take on our project to bring expanded healthcare to southwest Detroit. We’re excited to be working with NFF to provide healthcare in a meaningful way to people who have few other choices.”Denise C. Pike,, Development Director, CHASS
Community Health and Social Services Center(CHASS) was established in 1970 to address the growing need for healthcare in southwest Detroit. Over the decades, demand continued to grow, and their facility no longer met the need. CHASS began planning for a larger facility in 2003. Their vision finally will be realized in 2012, when they will move in to their new building, more than tripling their space to 48,000 square feet.
Since the project was first considered, CHASS' historical payer mix has made it difficult for them to demonstrate the ability to service debt. In 2011, with $17 million of NMTC financing, the project was ready to move forward. For the project, NFF provided $10 million in tax credits, Invest Detroit provided $7 million and JPMorgan Chase purchased the tax credits. HRSA provided $652,000 in ARRA Capital Improvement Program (CIP) funds for an electronic medical records system, and LISC, Capital Link and other local foundations provided additional funding.
NFF works to create a strong, well-capitalized and durable nonprofit sector that connects money to mission effectively, supporting the highest aspirations and most generous impulses of people and communities.
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