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November 09, 2023

NADBank provides loan financing for construction of a sustainable medical facility in City of Imperial, California

  • The facility is expected to use 43% less water and 25% less electricity, which will help mitigate the emission of greenhouse gases and conserve vital water resources in this extremely arid region.
  • The loan was provided as part of a landmark New Markets Tax Credit (NMTC) transaction.

San Antonio, Texas – The North American Development Bank (NADBank) and Clínicas de Salud del Pueblo, Inc, a California-based, non-profit corporation doing business as Innercare, signed a US$36.0 million loan agreement for the design, construction and operation of outpatient medical facilities that will incorporate sustainable construction techniques and materials. The new complex will increase affordable access to much-needed healthcare services in the area. 

“NADBank is very excited to partner with Innercare in this sustainable medical complex that will increase quality medical services for communities that have few primary health care providers,” stated NADBank Managing Director Calixto Mateos Hanel. He added that this project “has key characteristics that NADBank looks for in a project, in addition to financial feasibility, including sustainable use of natural resources and, above all, a positive impact on the quality of life for the citizens of the City of Imperial and surrounding areas.” 

For his part, NADBank Deputy Managing Director John Beckham, mentioned that “this project will not only save water and electricity, and reduce the carbon footprint by using efficient construction materials and equipment, it will also create around 350 direct and indirect permanent jobs during its construction and operation.”  

“In addition to reducing energy demand by 25% and water for consumption by 43%, when compared to a typical building, the facility will provide relief to heat exposure for senior residents,” stated Salvador Lopez, NADBank Chief Environmental Officer.

 

The main components of the project consist of a healthcare clinic for outpatient services that include primary care, dental, laboratory and radiology, among other services; a building for senior care that offers daycare and nursing services, as well as physical and occupational therapies; a pharmacy, and an ample parking lot with eight accessible parking spaces and 24 electric vehicle charging stations. Innercare will be seeking to build this complex in compliance with Leadership in Energy and Environmental Design (LEED) certification criteria. 

“Innercare is proud to partner with the North American Development Bank in creating a sustainable healthcare oasis in the heart of Imperial County. This Medical Complex Project exemplifies our commitment to providing top-quality healthcare services while being responsible stewards of our environment. Together with NADBank, we are not only improving access to healthcare but also setting a new standard for sustainable construction and buildings in our community,” stated Yvonne Bell, President and CEO of Innercare. 

 

Once the complex is in operation, it is expected to use about 43% less water, equivalent to 286,399 gallons/year, and about 25% less electricity, in comparison with international standards for a conventional building with similar characteristics. The energy savings will help displace approximately 59,951 kg/year of carbon dioxide (CO2) and other contaminants. 

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NADBank is a financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects along their common border. As a pioneer institution in its field, the Bank is working to develop environmentally and financially sustainable projects with broad community support in a framework of close cooperation and coordination between Mexico and the United States.