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Crescent Growth Capital, LLC

Crescent Growth Capital, LLC

Structuring project financing to incorporate tax credit equity.

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Social Services

Autism Community Network

April 3, 2023 by

Autism Community Network (ACN) was founded in 2008 through a consortium of healthcare funders led by Palmer Moe and the Kronkosky Charitable Foundation. The primary purpose of ACN is to improve the health and quality of life of children with autism by providing early, uniquely tailored diagnostic services to children suspected of having autism, therapies to families impacted by autism, and support through training for caregivers and providers whose interaction with autistic children is critical to their success.  Additionally, ACN works diligently to educate the community about autism and to the best of their ability, the experience of the impacted family and autistic individual.

ACN serves children ages 0-7 through its clinical diagnostic program, and ages 0-9 for occupational therapy and speech language therapy.  The organization currently offers the following programs (a) diagnostic services for children, (b) therapies for children and families affected by autism, (c) classes for caregivers affected by autism, (d) professional development for professionals serving children with autism, (e) continued care coordination, (f) community outreach and awareness, (g) quality of life programming (Camp AUSOME!, Family Events, Community Collaborations). 

ACN is currently one of two agencies serving the Medicaid populations in Bexar, and surrounding counties, with clinical diagnostic services. ACN’s current waitlist is 6 months for their Earliest Connection Clinic (0-29 months of age) and 18 months for their Diagnostic Clinic (30 months to 6 years of age). 

Since its inception in 2008, ACN has served over 27,000 individuals – an estimated 75% of whom are Medicaid eligible.  In 2021 alone, ACN served 2,150 children, caregivers and other professionals through its unique programming options, 85% of whom are below the poverty line. 

In March of 2023, in partnership with Broadstreet Impact Services (formerly Local Initiatives Support Corporation), Crescent closed on a $5.5M Federal NMTC financing to purchase, renovate and expand an existing facility into the new home of the Autism Community Network (“ACN”).  The new 10,346 sf ACN headquarters facility will provide the organization with adequate clinical space to serve a growing referral base, as well as a large sensory gym, a playground and a community center. 

The new facility will decrease ACN’s diagnostic waitlist by 3-6 months, increase the amount of therapy offerings, expand education and training for autism service providers and caregivers and improve upon quality-of-life offerings by including appropriate play areas, both indoor and outdoor, for the autistic community, all in a safe, sensory-friendly and warm facility.

The NMTC net benefit will provide ACN with the ability to reduce its fundraising target by nearly $650K and facilitate ACN’s expansion of its existing programming by 63% over the next five years.  The project is expected to create at least 10 FTE’s over the next 7 years.

Girls Inc.

October 7, 2022 by

The mission of national non-profit Girls Inc. and its affiliates is to serve girls and young women ages 6-18 by fostering long-term mentoring relationships within safe spaces for girls to develop their strengths and take charge of their futures. Girls Inc. deploys an evidence-based, pro-girl model to address the systemic barriers that hold young women back today. Within pro-girl, girls-only safe spaces, Girls Inc. teaches young women to be Strong, Smart and Bold.

  • Strong – Programming that teaches nourishing habits, including stressing the importance of positive choices, a healthy diet, rest and self-care, to create the resiliency essential for future accomplishment.
  • Smart – Programming that prepares girls for fulfilling work and economic independence. Specific career opportunities and pathways are described, with a focus on STEM fields that experts believe will offer the largest number of highly-remunerative professions for which demand is growing – professions in which women continue to be underrepresented. Girls Inc. also provides access and opportunities for young women to meet and learn from female role models and community leaders. This exposure demonstrates to young, underprivileged women that women can and do succeed in all realms.
  • Bold – Programming that fosters positive self-image and intellectual confidence, encouraging girls to develop and use their voices. Girls Inc. wants to see young woman become comfortable taking risks, learning from mistakes, and growing.

In 2004, Girls Inc. inaugurated its San Antonio chapter. A majority of its participants come from impoverished communities of color, with program attendees almost exclusively Hispanic.  These young women struggle, growing up in neighborhoods affected by violence, in under-resourced schools, and without access to adequate nutrition or healthcare. Birth rates among teenage young women of color are twice as high as among white teens.

In 2020, sixteen years after its establishment in San Antonio, Girls Inc. acquired a permanent headquarters facility, enabling a quantum leap in its capacity and capabilities.

In September of 2022, in partnership with Texas Mezzanine Fund, and Chase Bank, Crescent closed on a $9M Federal NMTC financing which will enable Girls Inc. of San Antonio – eighteen years after its establishment – to complete and fully equip its new headquarters and youth activity campus, providing a safe space for San Antonio’s underprivileged young woman of color to develop their strengths, learn from mistakes, and take charge of their future, according to the proven Strong, Smart, Bold model.

The completed campus will rank as a vanguard initiative designed to recover ground lost during the pandemic, during which time narrowed horizons, academic underperformance, violence and abuse have proliferated among San Antonio’s disadvantaged young women of color. The new Girls Inc. campus will double the number of young women attending the evidence-based programming offered by Girls Inc., from 2,500 annually to 5,000 annually. FTE staff numbers will double as well from 15 to 30.

Jefferson Community Health and Life

September 9, 2022 by

Jefferson Community Health & Life was established in 1963 as Jefferson County Memorial Hospital and Nursing Home, the first hospital/nursing home combination in the state of Nebraska. The facility has grown over the years, adding a home health agency in 1984, a community wellness center in 1996, expanding outpatient services throughout the years, and adding the Fairbury Clinic in 2016, and opened the Plymouth Clinic in 2018. Through its 50-plus-year history, Jefferson Community Health & Life has been very active and involved in its community, and has worked to promote health and wellness. Currently 20 visiting specialists utilize this space each month, allowing area residents the opportunity to receive specialty care locally.   JCHL operates two rural health clinics offering primary care services by 9 employed providers.

In Nebraska, nearly 30 percent of the state’s population resides in rural areas like Fairbury and its surrounding communities.  JCH&L faces a unique combination of rural forces not faced by their urban healthcare peers, such as continuing health provider shortages, limited access to specialty care, disparate socioeconomic factors, and higher rates of obesity, hypertension, suicide, and death by serious injury.

In August of 2022, in partnership with Hampton Roads Ventures, and US Bank, Crescent closed on a $9M Federal NMTC/$9M Nebraska State NMTC twin financing for the expansion of the Jefferson Community Health and Life Critical Access Hospital..

The expansion includes 23 exams rooms, 2 special procedure rooms, a radiology room, and a specialty room for COVID and flu patients.  JCH&L currently employs 192 FTEs and this expansion will create 10 new full-time jobs ranging from nursing to support staff as well as laboratory technicians.  65% of JCH&L’s patients are Medicare/Medicaid, and this addition is expected to grow Medicare/Medicaid services by nearly 10% from 2022-2026.  Additionally, the subsidy from the transaction will enhance JCH&L’s liquidity in funding ongoing services for the hospital.

CommCare Natchitoches

May 25, 2021 by

CommCare Corporation has owned and operated skilled nursing and rehabilitation centers throughout Louisiana since 1994 and is currently the largest non-profit nursing home owner in Louisiana.

At the beginning of the COVID-19 outbreak, Louisiana’s nursing homes were disproportionately impacted: in the first year of the pandemic, of the roughly 4,000 deaths in Louisiana, approximately 41% occurred in nursing homes.  This was largely due to the average age of the facilities, as the older homes were built with more communal space, making viral transmission more prevalent.

CommCare learned that their Household modelled facilities fared surprisingly well during the pandemic, as they were built to provide an adequate buffer between each resident’s living space, thus limiting the airborne and contact-related spread of COVID-19.

Specifically, CommCare noted four primary benefits of to Household model:

  1. Having a private room eliminates the potential for airborne spread of the virus from patient to patient in close living and sleeping quarters;
  2. Private baths eliminates the sharing of toilets, sinks, tooth brush holders, paper dispensers, etc. – all items that are touched when using;
  3. The household (itself at 25 to 30 residents per household) acts as a separate unit, with separate dining and entertainment areas within the building thereby eliminating social contact spread commonly found in traditional common dining or a common activities room buildings
  4. Consistent staffing, which is only found in a household model, prevents staff from traveling around the entire building

These four lessons were central to the design of the new Natchitoches facility.  In the midst of the pandemic, CommCare found that traditional construction funding was growing ever more expensive.  So in October, 2020, CommCare engaged Crescent Growth Capital (“CGC”) to pursue a New Markets Tax Credit financing to subsidize the development cost for the new facility.

In May, 2021, CGC and CommCare closed on a $5 million Louisiana State and $16.5 million Federal NMTC financing, utilizing allocation provided by AMCREF and HRV. The project will provide vital nursing, therapy, and pharmacy services to residents of the surrounding low-income community of Natchitoches.  The project will also provide a cafeteria with a healthy, nutritious menu approved by a licensed dietician.  Residents, employees, family, and community members are all welcome to dine at the facility.  The roughly $20M facility is expected to increase total employment by 55 FTE’s, 74% of which are expected to be minorities, with all the new positions having access to career training and advancement opportunities in an economically distressed area.

Shelter Ministries of Dallas – Genesis Women’s Shelter & Support

January 8, 2021 by

Established by Shelter Ministries of Dallas (“SMD”) in 1985, Genesis Women’s Shelter & Support (‘Genesis”) offers the most comprehensive domestic violence (“DV”) recovery program in Dallas including an Emergency Shelter, a Transitional Housing Facility that includes on-site schooling, daycare, and afterschool programming, and a non-residential Outreach Counseling Center where clients have access to clinical counseling facilitated by licensed mental health professionals, advocacy services offering representation in legal proceedings, and legal services provided by licensed attorneys. The Genesis full continuum of care for women and children who are escaping DV is provided at no cost to the client and is delivered through a trauma-informed response that addresses the personalized needs of each and every individual.

The Genesis non-residential program has experienced a steady increase in clients since its inception, as well as a shift in needs and responses to DV that require careful application of evidence-based programs and technology. Genesis has outgrown its current Outreach Counseling Center, experiencing a 63% increase in counseling hours in 2018 (26,000 hours provided, versus 16,000 in 2017); additional space with expanded offerings is desperately needed. Current estimates also point to an additional increase in new clients of at least 20% but possibly as high as 40% in 2019 and in subsequent years, as the prior year-over-year increase was 40% (3,500 2018 vs. 2,500 2017). In all additional areas measured Genesis continually experiences increases year-over-year. The upward trend of need is anticipated to continue, and the staff, program and facility must expand to accommodate it.

In August 2019, SMD engaged Crescent to pursue NMTC financings for both the Genesis Street and Austin Street Centers.  On January 8th, in partnership with Hampton Roads Ventures, Texas Mezzanine Fund and Capital One, Crescent and SMD closed on a $19M NMTC financing to construct the new Genesis Women’s Center.

Genesis’ new campus will encompass a 28,600 square-foot facility for non-residential counseling services plus accommodate the establishment of three evidence-based centers for treatment, advocacy and research-focused education: The Center for Child Trauma and Healing, The Legal Justice Center and Family Law Library, and The Genesis Institute for Training and Education. The center will also launch a dedicated 24/7 DV response initiative in the Genesis Technology Command Center. Firsts for the city of Dallas, these new initiatives will transform current approaches to DV response, treatment and prevention, supporting more positive outcomes for women and children.

The new Genesis Women’s Shelter will increase overall capacity by 40%, legal service provision by 100%, deployment of cutting-edge techniques targeting children traumatized by domestic violence, education opportunities for DV advocates and therapists, and will debut the Genesis Technology Command Center. The newly-completed Genesis Women’s Shelter will necessitate the hiring of between 40-70 new FTE’s.

Shelter Ministries of Dallas – Austin Street Center for Community Engagement

January 7, 2021 by

1717 Jeffries Street, Dallas, TX 75226

Founded by Shelter Ministries of Dallas (“SMD”) in 1983 and located on Austin Street south of downtown Dallas, the shelter moved to its current location on Hickory Street in 1992. Austin Street Shelter subsequently evolved into Austin Street Center, a 400-bed shelter and comprehensive care program for the homeless.  More than just a meal and a bed, the Austin Street individualized model of service offers the homeless a comprehensive program that includes housing coordination and stabilization services, employment and education resources, benefits and ID assistance, mental health services on-site, spiritual, emotional, and addiction support, diversion, and transportation. Austin Street is also Dallas’ largest “low barrier” shelter, accepting people as they are, without imposing obstacles or “barriers” to entry, such as passing a drug test.

Despite an aging facility and space constraints, Austin Street has managed to support substantial increases in client volume over the past five years (1,569 in 2013 to 3,008 in 2018), while significantly enriching its program to better address needs. The center’s track record remains impressive; its programs have the highest success rate for housing transition in Dallas, with the lowest rate of recidivism. However, both the current facility and its staff have reached capacity; both require expansion, as homelessness in Dallas continues to increase. (The 2019 “Point in Time” count of the homeless population revealed 4,538 total individuals experiencing homelessness in Dallas, a 9% increase over 2018.) In response, Austin Street is planning a brand-new campus that spans approximately 2.3 acres and is located across the street from the current South Dallas facility.

On January 7, 2021, utilizing allocation provided by PeopleFund, Dallas Development Fund and Capital One, Crescent and SMD closed on a $17,500,000 NMTC financing to construct the new Austin Street Center.

The new 60,000 square-foot Austin Street Center for Community Engagement, a 24/7 client-focused facility dedicated to supporting and improving the health and wellness of Dallas’ most vulnerable homeless population.

The new Austin Street Center for Community Engagement will increase shelter capacity by 12%, meals served by 28%, bathroom stall availability by 400%, daytime access by 100%, case managers by 67%, respite care by 30 beds, and classroom space through the addition of three new classrooms – with all of this accomplished in the context of efficient, state-of-the-art facilities operated according to data-driven best practices.

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