CSH Latest New Markets Tax Credit Investment: Portland Health Center

We are exited to announce our third New Markets Tax Credit investment this year. Last week CSH closed on a a $14.4M  New Markets Tax Credit investment to Central City Concern (CCC) for the construction of a 35,000 square foot Federally Qualified Health Center on the east-side of Portland, Oregon.

Named for CCC former Executive Director Ed Blackburn, the Blackburn building will be provide recovery and mental health services for 3,000 people annually.  In addition there will be an on-site pharmacy, respite and palliative care units and the facility is co-located with transitional and supportive housing.

 "This corner now can be the site where thousands who are suffering—and believe me, we suffer—can come for transformation, healing; families will be restored.” - Mike Holevas, Former CCC Client

The project will provide comprehensive case management, mental health and primary care to the most vulnerable populations, including homeless individuals with acute medical conditions and those exiting detoxification centers and emergency room care. The Blackburn Building will directly create 100 full time construction jobs and 67 new full time permanent jobs. CCC celebrated the ground breaking of the Blackburn Building last week.

Ground breaking press release.

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