Roseland Medical Center

The Project

The Roseland Medical Center is the new construction of a 27,000 square foot medical office building in the Roseland area of Chicago’s south side. The Roseland Medical Center, once completed, will house the offices of primary care physicians in cooperation with Roseland Community Hospital, a kidney dialysis center, and offices of Chicago Family Health Center. Chicago Family Health Center (CFHC), a 501(c)(3) organization and a federally funded section 330 community health center which provides comprehensive, accessible primary health care to the communities of South and Southeast Chicago, regardless of individuals’ race, religion, language, gender, age, income, or ability to pay. The first floor will house some retail space and a 4000 square foot green space dedicated as a healing garden.

Project Financing

UDF provided a $3.2 million interest-only loan for the construction of the center. The project received a below market interest rate. The loan also included a longer than standard period of interest-only payments.

Community Impact

Roseland Medical Center is located in the 111th and Wentworth Redevelopment Area, a zone that the City of Chicago has established in order to spur the development and rehabilitation of a depressed area of the City. This designation provides a reduced property tax rate for the next 12 years. The Roseland Medical Center is also located in a federally designated medically underserved area (MUA). MUA status is granted by the US Health Resources and Services Administration’s Bureau of Primary Health Care in recognition of a community’s dire need for additional medical personnel and services. In addition to being a medically underserved area, the area is designated as an SBA Hubzone and a CDFI Hotzone. It has a poverty rate of 28.5% and the median family income is only 53.5% of the area median income. The project will create 50 full time jobs and 80 construction jobs.

Once constructed, the Roseland Medical Center will provide much needed medical services to local residents. It will alleviate the congestion of nonemergency cases in the hospital, and provide convenient, local medical care for area residents. The project sponsor is working with Roseland Community Hospital to address the need for additional medical providers in the Roseland community through the development of the property.