Opportunity Fund Contributes $19.9 Million to Bring Health Services to Low-Income Bay Area Residents
Founded in 2001, the Ravenswood Family Health Center serves low-income families and uninsured residents in East Palo Alto, California. Opportunity Fund provided the majority of the financing for Ravenswood’s two-story 38,000 square-foot multi-specialty clinic, which offers primary care, mental health counseling, health education, laboratory, imaging, optometry exams, and pharmacy services.
The previous facility, including the main 7,800 square foot temporary clinic, served 11,617 patients in 2013. The center can now accommodate 18,376 residents a year. Ninety-three percent of its patients live at or below the Federal Poverty Level, 98% are low-income, 96% are minorities, and 35% are at-risk youth.
The new facility was the first ground-up construction project in East Palo Alto in more than a decade and was responsible for creating 214 full-time jobs, plus an additional 116 jobs during the build. Since the new facility opened, many of the surrounding open acres of land have been purchased for technology and light industry development which will increase the number of employment opportunities in the area.