Pit River Health Service Expands Tribal Clinic With $11.1 million of NMTC Allocation

Roeder & Company and Pit River Health Service ("PRHS") enabled the expansion and renovation of PRHS' clinic located in Burney, California utilizing New Markets Tax Credits ("NMTC").  Though located on the reservation, the clinic serves both Native and non-Native populations.  The NMTC financing will allow PRHS to renovate its clinic, and to construct a new, larger outpatient healthcare facility adjacent to the existing clinic. The result will be a 22,755 SF state-of-the-art medical campus in a medically underserved community. The project will expand PRHS’s medical, dental and behavioral health services, and will add optometry, radiology, pharmacy, and lab services.

Roeder & Company was able to source allocation from both California Statewide Communities Development Corporation and USBCDE LLC for this project and coordinate additional debt obtained through the USDA's direct Community Facilities Loan program and Native American Bank.  

"The multiple sources of financing, and the coordination of various program and lending rules, added complexity to the overall financing and took a multiyear effort, but the end result is bringing badly needed health services to an underserved Native population in a rural area of Northern California.  Without the NMTC grant-like subsidy the project could not have been built," said Reynold Roeder.  

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