WHEFA: $4,985,000 WHEFA bond financing helps Sixteenth Street Community Health Centers, Inc. refinance in Milwaukee

Bond financing facilitated by WHEFA was used to help Sixteenth Street Community Health Centers (“SSCHC”) refinance bonds previously issued by WHEFA in 2006.  The net present value savings following the refunding is approximately $824,000.  This federally tax exempt financing process has enabled the borrower to operate more effectively by refinancing its capital expenses at a lower cost.

SSCHC is an innovative, case-managed, and family-based primary health care provider committed to improving the health and well-being of Milwaukee and surrounding communities.  SSCHC has provided quality health care, health education and social services on Milwaukee’s multi-cultural south side since 1969 and is recognized as a leader in the community, in terms of the excellent care provided as well as advocacy for public health issues.  SSCHC’s health services are designed to serve people in the context of their community, family and culture and free of linguistic and economic barriers.

SSCHC is one of 18 community health centers in the state of Wisconsin that are located in ‘medically under-served’ communities.  SSCHC has three locations on Milwaukee’s south side and one location in Waukesha.

WHEFA is proud to have been able to assist Sixteenth Street Community Health Centers by reducing their overall debt service and allowing them to grow and compete by providing access to low cost private capital.