Congressman Barney Frank to Celebrate New
Markets Tax Credit Program Impact at Greater
New Bedford Community Health Center
September 17, 2010 01:01 PM Eastern Daylight Time
NEW BEDFORD, Mass.--(EON: Enhanced Online News)--Congressman Barney Frank, New Bedford Mayor
Scott W. Lang, Greater New Bedford Community Health Center Board Chair Rose Yates, and other honored
guests will celebrate the impact of the federal New Markets Tax Credit Program and the nearly completed
construction at the Health Center made possible by New Markets Tax Credit financing and other federal stimulus
funding on September 27, 2010.
The Health Center received a $3 million New Markets Tax Credit loan from a community development subsidiary of
Rockland Trust Company. The Rockland Trust New Markets Tax Credit loan, along with the over $6.8 million in
other federal stimulus funding received, helped the Health Center significantly expand its facility and build the Dr.
Laurel A. Miller Center, which will be dedicated at the celebration. “We are very excited about the expansion of our
facility,” said Peter Georgeopoulos, the health center Chief Executive Officer. “The funding which the Greater New
Bedford Community Health Center has received enables us to increase the number of patients we serve annually.”
The Greater New Bedford Community Health Center is an innovative non-profit organization devoted to expanding
health care services for low-income residents of Massachusetts which serves 24% of New Bedford’s population.
The federal government has designated the census tract where the Greater New Bedford Community Health Center
is located as a Medically Underserved Area suffering from a high degree of economic distress. Construction
associated with the Rockland Trust New Markets Tax Credit loan helped the health center create approximately 68
temporary construction jobs and create or maintain jobs for 35 health center employees.
The United States Department of the Treasury Community Development Financial Institutions