News: Financial Digest

MassDevelopment provides an $11 million New Markets Tax Credit to Dimock Center

Roxbury, MA MassDevelopment has provided an $11 million New Markets Tax Credit allocation to Dimock Support Corp., an affiliate of the Dimock Center, a nonprofit health and human services organization. The Dimock Center is using proceeds to renovate the Dr. Lucy Sewall Center for Acute Treatment Services, a detoxification center for alcohol and substance abuse recovery. The Dimock Center will add 12 beds to the Center for Acute Treatment, allowing it to serve 1,000 more clients annually. The center will also reconfigure inpatient rooms, restrooms and offices; build out its basement for outpatient services; and install new flooring, ceilings, plumbing, electrical, fire alarm and other mechanical systems. 

Dr. Lucy Sewall Center for Acute Treatment Services - Roxbury, MA Dr. Lucy Sewall Center for Acute Treatment Services - Roxbury, MA

“Massachusetts has reached a critical point in its effort to combat the opioid crisis that has swept our region and the nation. We are proud to support facilities like the Dimock Center that are tackling this challenge head-on, using tax credit financing and other low-cost financing options,” said MassDevelopment president and CEO Marty Jones. “With its expanded facilities, the Dimock Center can continue serving those seeking to take the crucial first steps on the road to substance abuse recovery.”

The Dimock Center, founded in 1862 as the New England Hospital for Women and Children, was the first hospital in New England and the second nationwide opened and operated by and for women. The Dimock Center’s Roxbury campus was placed on the National Register of Historic Places in 1985, designated as a National Landmark in 1991, and selected as a Boston Historic Landmark in 1995.

“The New Market Tax Credit allocation has made a tremendous impact on our successful Building the Road to Recovery Capital Campaign, allowing us to complete this critical project,” said Dr. Myechia Minter-Jordan, president and CEO of the Dimock Center. “This support will strengthen our comprehensive substance abuse treatment programs for men and women recovering from addiction.”

Services include adult and pediatric medicine, specialized clinics for women’s health and OB/GYN, HIV/AIDS treatment, eye care, dental care and podiatry. Behavioral health care is available for adult, adolescent and pediatric mental illness; trauma; and substance abuse and addiction. Dimock’s child and family services include Early Head Start, Head Start, and other school readiness programs. A comprehensive adult education program provides basic education, pre-GED studies, GED preparation and career readiness training.

MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2016, MassDevelopment financed or managed 352 projects generating investment of more than $4 billion in the Massachusetts economy. These projects are projected to create about 8,200 jobs and build or rehabilitate about 4,200 residential units.

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