Opportunity Fund is excited to announce its first NMTC investment in Oregon as of November 20th, a $13 million expansion of Northwest Human Services (“NHS”). NHS is a non-profit Federally Qualified Health Center and a vital part of the social safety net in Salem, Oregon. The $13 million investment will enable NHS to expand and accommodate an additional 10,000 additional patient visits annually and improve access to and quality of care for low-income people.
NHS has been providing health care and social services in Salem, Oregon for over 45 years. Their services include an extensive array of family-oriented health care, including primary and preventive care, acute care, women’s health care, in-house laboratory services, specialty referrals, mental health/substance abuse counseling, and preventive and restorative dentistry, among others.
Approximately 91% of NHS’ patients whose incomes are known have incomes below poverty level. Their target population includes a significant number (19%) of individuals experiencing homelessness, who suffer from unmanaged medical conditions, co-occurring substance use disorders, untreated mental illness, and significant barriers to care.
– 15,189 projected unique individuals served annually, of which 99.7% will be low-income
– 167 FTE permanent jobs projected to be created or retained (108 for low-income individuals), all paying living wages and receiving benefits
– 37 projected construction jobs (59% for low-income individuals)
Funding of the NHS expansion represents Opportunity Fund’s continuing commitment to supporting affordable and comprehensive medical, mental, and dental coverage for our nation’s low-income communities.
If you are interested in learning more about the Opportunity Fund’s New Markets Tax Credit Program, please reach out to Marissa Meir at Marissa@OpportunityFund.org.