Community Health Case Study

Tri-Area Community Health

New Market Tax Credits helps a rural Virginia health system expand access and opportunity.

  • Location Carroll, Floyd, Franklin, Grayson, and Patrick Counties and the City of Galax
  • Total Financing $11.5 million NMTC allocation
  • Purpose Working capital for 10 community health centers
  • Partners Tri-Area Community Health
  • Impacts 2,000+ additional patients served annually

    159 jobs supported, including 25 projected new jobs

Tri-Area Community Health has spent decades building a healthcare infrastructure that rural Southwest Virginia can count on. Operating ten federally qualified health center locations, including two school-based clinics, Tri-Area Community Health provides primary medical care, dental care, behavioral health services, on-site pharmacy access, and health education to communities that have long been designated as Medically Underserved Areas. These clinics operate in counties across three Virginia Local Health Districts: Carroll, Floyd, Franklin, Grayson, and Patrick counties, as well as the City of Galax.

Locus provided working capital financing through New Markets Tax Credits to strengthen the operational foundation across all ten FQHC locations. This flexible capital supports Tri-Area Community Health’s ability to sustain and grow services in a region where economic distress and medical need go hand in hand. The financing is projected to enable TACH to serve an additional 2,000+ patients while creating 25 new jobs and retaining 134 existing positions. Notably, 123 of those positions, or 77%, pay above the MIT Living Wage for the region, making Tri-Area Community Health not only a healthcare anchor but an economic one as well.

In communities where geography and limited infrastructure have historically constrained access to care, institutions like Tri-Area Community Health are proof that the right investment in the right partner can produce lasting impact for patients, for workers, and for the region as a whole.