Along with Scott Hammel and Charlie Miller, David served as investors counsel to U.S. Bancorp Community Development Corporation in a New Markets Tax Credits (NMTC) transaction that will allow Central Florida Health Care to expand healthcare services in both Lakeland, Florida and Frostproof, Florida.
Using the investment from U.S. Bancorp Community Development Corporation, Florida Community Loan Fund provided $20 million in NMTC allocation and related financing for the construction of new healthcare facilities at these Florida locations. This significant achievement directly addresses the increasing demand for affordable, high-quality integrated primary care among low-income, underserved populations. Thanks to the New Markets Tax Credit program, Florida Community Loan Fund and U.S. Bancorp Community Development Corporation this project was able to secure the necessary funding in a cost-effective and timely manner.