Navos receives financing for new mental health center in Burien
Thu, 02/23/2012
WNC & Associates, Inc. (WNC), a national investor in urban renewal and affordable housing projects, has provided $8 million in New Markets Tax Credit (NMTC) financing to Navos Mental Health Solutions for the completion of a 52,400-square-foot behavioral health care campus in Burien.
The two-building campus will facilitate the nonprofit health agency's relocation from its existing Burien facility near the flight path for the third runway at Sea-Tac International Airport.
"The completion of this new facility will enable Navos to sustain and expand its dedication to its clientele in King County," said David Shafer, executive vice president of WNC. "The new facility, with its increased capacity and leading edge clinical systems, enables Navos to offer an even higher level of care to its patients and keeps vital jobs in the city of Burien."
The LEED Gold Certified Navos campus will include two buildings located at 1210 S.W. 136th St. and 1115-1127 S.W. 134th St.
A 45,000-square-foot, three-story mental health and wellness center that will provide a wide range of integrated primary care and mental health services, including counseling, crisis intervention, educational programs, employment services and more.
The building will also be equipped with state-of-the-art clinical information systems to increase efficiencies and improve the quality of care delivered.
A 7,400-square-foot community activities building that will house a client-run cafe and catering business and an employment center offering skills training and other programs for the facility's patients.
The new facility will increase Navos' overall capacity by 20 percent, bringing its total patient roster to an estimated 4,000 individuals serviced through its three facilities in Burien and West Seattle.
WNC & Associates collaborated with King County Housing Authority (KCHA), National Development Council (NDC) and U.S. Bank to provide NMTC allocations totaling approximately $24 million.
The financing completes a capital campaign that began in 2009 and included support from a number of local corporations, foundations and individual donors.
The project will be developed by Navos, DKA Architecture and Abbott Construction, with anticipated completion in fall 2012.
The NMTC program is a federal program created under the Community Renewal Tax Act of 2000 to stimulate economic and community development in America's low-income communities. Additional information is available at www.cdfifund.gov.
WNC & Associates, Inc., founded in 1971 and headquartered in Irvine, Calif., is a nationwide investment firm specializing in Low Income Housing Tax Credits and New Market Tax Credits. To date, WNC has acquired over $5 billion of assets totaling more than 1,050 properties in 45 states.