Capital Fund Loan Supports First Teaching Health Center in Philadelphia
A recent $3.6 million loan from Capital Fund will support an $7.3 million renovation for Delaware Valley Community Health, Inc. (DVCH) to enhance its range of service offerings across two buildings, house its new residency program, and update equipment for its Medication Assisted Treatment (MAT) program.
This project was funded in part by a $4.7 million source loan, with $3.6 million from Capital Fund and $1.1 million from Philadelphia Industrial Development Corporation (PIDC). PIDC also provided a $5 million NMTC allocation.
This renovation will update the health center’s spaces at both its 1411 and 1412 Fairmount Avenue locations, the first of which is already complete. The 1411 Fairmount Avenue renovation enhanced the clinic’s workspaces, meeting rooms, resident training facilities, and technology for IT and staff. The 4,400 square-foot space also houses the health center’s Graduate Medical Education department, recently welcoming its first class of residents to its Family Practice Residency Program. With the completion of the new training facility, DVCH is now the first Teaching Health Center (THC) of Philadelphia.
The new 18,000-square-foot space at 1412 Fairmount Avenue is set to be finished in May 2025, offering adult medicine, pediatrics, dental, obstetrics, gynecology, behavioral health, a physician medication dispensary, and care coordination. DVCH is also updating its pharmacy distribution equipment for its MAT program, located within the Girard Medical Center, which was recently recognized as an Opioid Center of Excellence.
In 2023, DVCH delivered care to 49,761 patients through 162,432 visits, from 338 Full-Time Equivalent (FTE) employees at its 10 sites. Of the health center’s patients who reported their income, 96% are at or below 200% of the Federal Poverty Level. With this project, patients are expected to grow by a stark 41% by 2031, to an estimated 69,973 annually. Number of visits is also expected to increase 33% by 2031 to 216,045, significantly expanding access to care in this service area.
To learn more about Capital Fund’s loan products please contact Brandon Boyle, Senior Director of Loan Programs, at This email address is being protected from spambots. You need JavaScript enabled to view it..