WASHINGTON, D.C. – (RealEstateRama) — A $2 million gift from Portland-based health company FamilyCare Health will help Asian Health and Service Center (AHSC) build a 30,500-square-foot facility to house its culturally specific health and social-service programs—soon to include the new Asian Cancer Resource and Support Center, the first of its kind in Portland.
AHSC serves as a “bridge between Asian and American cultures,” and works to reduce health inequity and improve healthcare quality for all Asian Americans. The new facility in Southeast Portland’s Lents community will nearly double AHSC’s current rented space and enable the 33-year-old nonprofit to expand its programs to meet the needs of a fast-growing client population.
FamilyCare’s gift pushes AHSC’s $6 million capital campaign past the halfway mark, joining other private donations that include a $500,000 contribution from Meyer Memorial Trust. Besides capital campaign contributions, the $13.3 million development will be funded with new markets tax credits and loans from Portland Development Commission and a commercial lender.
“Through this grant, Family Care is demonstrating its commitment in reducing health disparities for Portland’s diverse and growing Asian population,” said AHSC Board Chair Dr. Erik Szeto.
Housing Development Center is privileged to be AHSC’s development consultant for the project, helping AHSC to design and execute a strong financing plan and to manage the development team. We’re excited to continue working with AHSC and the rest of the team, including Holst Architecture and O’Neill/Walsh Community Builders, to bring this innovative and needed project to completion. Construction is scheduled to start in October.
Source: Housing Development Center