October 3, 2014
Congratulations to NDC’s NMTC Project, Hilltop Regional Health Center in Tacoma, WA! Hilltop announced this week that they have achieved LEED gold certification under the LEED for New Construction Rating System with a total of 60 points. LEED certification identifies Community Health Care Hilltop Regional Health Center as a showcase example of sustainable design and demonstrates your leadership in transforming the building industry.
Hilltop Regional Health Center in Tacoma provides primary medical,dental and supportive health care services to low income and uninsured patients. The NMTC project involved the new construction of a 59,100 sq. ft. health care facility. It also included the construction of a parking structure adjacent to the center that provides 250 parking spaces for clinic staff and patients. The facility is located in a low – income, medically underserved neighborhood with a poverty rate of 40.8%, median family income of 48.1% and unemployment rate of 2.45 times the national average
NDC’s $10 million Qualified New Markets Tax Credit (NMTC) Equity Investment in the $26.7 million project was combined with financing from US Bank. Additional NMTC allocation provided by US Bancorp CDC and the Low Income Investment Fund, resulting in the creation of 60 construction jobs and 86 permanent jobs.