Stephen Klein Wellness Center Philadelphia, PA May 2015 1
Project HOME and MPower Roles in New Market Tax Credit (NMTC) project MPower • Owner (501c2) • Project HOME • Developer • Leverage Lender • Property Mgr • Tenants • Project HOME • YMCA • 2
NMTC Structure 3
Project Location Locus Map 4
Neighborhood Overview St. Elizabeth’s Center, with Jefferson Family Medicine, serving zip codes 19121/19132 for 18 yrs. Patients served: 30% uninsured; 34% homeless or formerly homeless; 67% on medicaid or medicare. Demographics show approximately 95% African American (compared with 41% citywide). Nearly twice as likely to live in extreme poverty. Unemployment rate twice city average. Higher incidences of domestic violence, child neglect, and safety concerns. 5
Wellness Center Overview Wellness Center: a dynamic place that integrates person-centered primary medical care, behavioral health care, physical fitness, nutrition education, rehabilitative services, pharmacy, dental care, case management, and peer-led health promotion. 6
Federally Qualified Health Center (FQHC) Services Primary Care (15 exam rooms) Behavioral Health (4 consult rooms) Dental (9 operatories) Pharmacy Fitness – YMCA Physical Therapy Healthy nutrition (teaching kitchen) 7
Project Site / Location Neighborhood Plan 8
Site Plan 9
Design / Programming 10
Project Budget 11
Project Schedule DUE DILIGENCE/FEASIBILITY 105 days • Geotech/Environmental, Title & Survey, Civil Engineering. PREDEVELOPMENT 622 days • Site Control/Condemnation, Design, RCO & Community Meetings, Zoning. FINANCING 225 days • NMTC & RACP Applications, Closing CONSTRUCTION 371 days OVERALL PROJECT SCHEDULE - Start 1/7/13 thru Finish 12/22/15 714 days 12
Pre-development Block was comprised of 48 individually addressed parcels. • Lot consolidation required. • Condemnation required. • 13
Pre-development Existing land was underutilized, with a few • vacant, blighted buildings and one business that required relocation. Demolition and environmental remediation • required. 14
Construction Earthwork Perimeter Footing 15
Construction Steel Erection Slab Foundation 16
Construction Roof Assembly Framing & Insulation 17
Stephen Klein Wellness Center Interior Concourse/Lobby Main Entrance 18
Wellness Center Pharmacy Living Room / Waiting Area 19
YMCA YMCA Entrance YMCA Gym 20
Project Impacts Business Utilization Goals Minority Business Enterprises 18% Women Business Enterprises 7% Employment Total # of Jobs created in 89 Philadelphia as a result of construction Total # of Jobs created in 295 PA as a result of construction Total # of Construction 102 Jobs created in PA 21
NMTC Structure 22
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