CSH Awarded $55 Million in New Market Tax Credits to Expand Healthcare and Other Critical Supportive Services

December 1, 2022

is pleased to receive a $55 million New Market Tax Credit (NMTC) award from the U.S. Department of Treasury Community Development Financial Institution (CDFI) Fund. This award will further the CSH mission of building thriving communities by funding projects that expand healthcare and other critical supportive services to individuals and families facing the most complex challenges and focusing on those experiencing or at risk of homelessness.

“The NMTC award significantly boosts our efforts to demonstrate that better health outcomes for people experiencing homelessness are achieved when housing is paired with quality services like primary and behavioral healthcare, nutrition, and workforce development,” said Deborah De Santis, president and CEO at CSH. “CSH invests in projects that address social determinants of health and is committed to supporting organizations that are led by Black, Indigenous and People of Color in underserved communities.”

CSH prioritizes projects that provide supportive services with linkages to community housing or co-located housing.

The NMTC award is CSH’s eighth, totaling $375 million. CSH has invested $295 million in 27 projects across 14 states. These projects provide a broad range of services, including primary care, pharmacy, dental, mental, and behavioral healthcare services; medical respite care; PACE (Program of All-inclusive Care for the Elderly) services; and nutrition, food security, and wellness programs, along with other wrap-around services or programs. We expect these projects to serve more than 450,000 individuals annually who have low-income and complex healthcare and social service needs.

CSH’s NMTC investments have also helped to support more than 1,600 housing units, including 1,115 supportive housing units and 160 medical respite beds directly or indirectly. We invest in projects in locations where CSH is actively working and offer free technical assistance to all project sponsors, tailored to each sponsor’s particular needs to support their critical work and help to enhance community impacts and outcomes.

Interested persons who want to learn more about CSH’s NMTC program or how CSH’s NMTCs might be able to support your project, please contact:

Maralea Lutino, Community Investment Officer, NMTC Program – maralea.lutino@csh.org
Jill Steen, Director, NMTC Program - jill.steen@csh.org

Media contact: Jesse Dean - jesse.dean@csh.org

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