CrescentCare

New Orleans, Louisiana

Investment
Highlights

2023

Year

$20.1 million

Development Budget

$20 million

Allocation

6,360

People Served Annually

Client
Hope Enterprise Community Development Corporation

Use of Allocation Capital
Real Estate Development

CrescentCare is a non-profit community healthcare provider focused on offering affordable health care to New Orleans’ underserved communities, including individuals living with HIV/AIDS and Hepatitis C, the service industry, the LGBTQ community, and others in-need. CrescentCare reaches thousands of individuals annually through various healthcare, prevention, and supportive services. CrescentCare used NMTC financing to redevelop a 33,000 sq. ft. historic building at 2515 Canal Street in New Orleans into a Federally Qualified Health Center (FQHC). 

The project allows CrescentCare to grow its operations and expand access to affordable healthcare and community services to the residents of Mid-City New Orleans. The new facility doubles their capacity with 30 exam rooms, enabling them to serve over 6,360 patients, with approximately 80% expected to be low-income individuals. The center was designed to provide comprehensive services including primary care, infectious disease services, behavioral health, substance use services, prevention, outreach, education, and case management - all offered on a sliding scale to ensure accessibility regardless of ability to pay.

Services Provided by Classic Lake:

  • New Markets Tax Credit CDE Advisory

Community and Economic Impacts

  • 80 combined new and retained full-time jobs

  • Serves over 6,360 patients annually

Contact Us

Interested in working together? Fill out this form and we will be in touch shortly.

We look forward to hearing from you!

Previous
Previous

MLK Community Healthcare

Next
Next

Lauderdale Community Hospital