$13M Investment in Northwest Human Services
We are excited to announce its first investment in Oregon, a $13 million expansion of Northwest Human Services, a non-profit Federally Qualified Health Center and a vital part of the social safety net in Salem, Oregon.
Opportunity Fund, the lending arm of Accion Opportunity Fund, is excited to announce its first investment in Oregon as of November 20th, 2019, a $13 million expansion of Northwest Human Services (“NHS”). NHS is a non-profit Federally Qualified Health Center and a vital part of the social safety net in Salem, Oregon. The $13 million investment will enable NHS to expand and accommodate an additional 10,000 additional patient visits annually and improve access to and quality of care for low-income people.
NHS has been providing health care and social services in Salem, Oregon for over 45 years. Their services include an extensive array of family-oriented health care, including primary and preventive care, acute care, women’s health care, in-house laboratory services, specialty referrals, mental health/substance abuse counseling, and preventive and restorative dentistry, among others.
Approximately 91% of Northwest Human Service’s patients whose incomes are known to have incomes below poverty level. Their target population includes a significant number (19%) of individuals experiencing homelessness, who suffer from unmanaged medical conditions, co-occurring substance use disorders, untreated mental illness, and significant barriers to care.
- 15,189 projected unique individuals served annually, of which 99.7% will be low-income
- 167 FTE permanent jobs projected to be created or retained (108 for low-income individuals), all paying living wages and receiving benefits
- 37 projected construction jobs (59% for low-income individuals)
Funding of the NHS expansion represents our continuing commitment to supporting affordable and comprehensive medical, mental, and dental coverage for our nation’s low-income communities.
If you are interested in learning more about our New Markets Tax Credit Program, please reach out to Marissa Meir at Marissa@OpportunityFund.org.