Financing Better Community Health in Atlanta
NEW YORK – CHRIS 180, an Atlanta-based provider of behavioral health services, will serve many more children, young adults, and families, and connect them directly with primary healthcare, thanks to financing announced this week.
The $13 million for CHRIS 180’s construction and renovation project consists of New Markets Tax Credits (NMTC), allocated by NFF ($7.5 million) and the Primary Care Development Corporation ($5.5 million). CHRIS 180 will use this capital to expand its services and join them under one roof with those of Mercy Care, a Federally Qualified Health Center.
This project will produce enhanced continuity of care and specialized counseling including, over the next seven years:
- Foster homes for 210 children and support services for their families
- Support for more than 150 children to join 120 adoptive families
- Training for 6,000 social workers and other professionals who serve foster children
- Counseling for 1,300 patients on site, plus 7,200 in-school counseling visits
- In-clinic primary and behavioral health services for 1,020 young adults a year
“It is increasingly important to connect the many factors that impact the health of people and their communities, which is precisely what CHRIS 180 will accomplish with this project,” said Norah McVeigh, Managing Director, Financing at NFF. “We are proud to support them with NMTC financing as they expand their facilities and programs to bring more services to more people.”
This financing is NFF’s first in Georgia and extends its work at the intersection of health and human services. The NMTC investor is SunTrust Community Capital.