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Hampton Roads Ventures Tackles U.S. Healthcare Crisis Community by Community
Date:3/16/2009

of $11.6 million in below market-rate and "equity-like" loans for the project. The $67.8 million project will provide state-of-the-art facilities to health care professionals with a Medicare/Medicaid patient population of at least 50 percent to 60 percent. In addition, the Class-A building will include several medical practices, a parking garage, and retail space creating approximately 1,205 new jobs in an urban community near three low-income public housing communities.

"The innovative development of these medical office projects are just the beginning of what we hope to accomplish. Facilitating NMTCs to more than 10 projects, HRV continues to be a part of significant community transformations throughout the U.S., while keeping a constant focus on the most prominent issues Americans are facing," said Robert K. Jenkins, Jr., HRV President and CEO.

About HRV

Hampton Roads Ventures, LLC, is a community development investment firm specializing in attracting private-sector investment capital into innovative economic community development projects in underserved communities, particularly lower income urban and rural communities. HRV works closely with local business, government and civic leaders to identify investment opportunities that will be a catalyst for additional private sector investment and development.

    Contact Hampton Roads Ventures, LLC
    Dwan Jones - 757.619.1394 - media@hamptonroadsventures.com
    Stephanie Best - 757.616.0478 - info@hamptonroadsventures.com


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SOURCE Hampton Roads Ventures
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