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Community Health Network LES & LIC

Community Health Network LES & LIC

Type

Healthcare

Location

LES: New York, NY, LIC: Long Island City, NY

Est. Project Cost

$10.2 million

Size

13,100 SF

Public Financing

New Market Tax Credit & City

Sponsor

Community Health Network

Private Financing

Equity

Closing Date

Q4 2021

Federally Qualified Health Center

This $12.2 million investment supports CHN, a Federally Qualified Health Center, in relocating its displaced Lower East Side health center to a new 13,100 square foot facility and acquiring and improving its Long Island City site. The project expands access to critical healthcare services for low-income and underserved residents of the Lower East Side and Long Island City. Monge Capital arranged financing to stabilize CHN’s long-term presence in both communities and advance health equity.

Estimated Economic and Social Impact

Creation and retention of 50 construction jobs, 98 permanent jobs, and healthcare services.

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