Business Details
Trusted Healthcare Investment Solutions in Distressed Communities
Community Hospitality Healthcare Services (CHHS) is a nationally recognized community development entity dedicated to investing in healthcare businesses and infrastructure in severely distressed communities across the United States. With decades of combined experience in structured financing and community development, our team specializes in deploying catalytic debt and equity investments to high-impact projects in medically underserved areas. We prioritize initiatives that expand healthcare access, create entry-level jobs, and foster upward mobility through career ladder programs.Our approach integrates local stakeholder collaboration, ensuring projects align with community needs while adhering to rigorous compliance and transparency standards. Backed by a proven track record of over $1 billion in project financing, we remain committed to reducing healthcare disparities and driving sustainable economic growth.
Services
New Markets Tax Credit Program
Healthcare Infrastructure Investment
Community Development
Job Training Programs
Healthcare Facility Financing
Highlights and features
- We have deployed over $450 million in New Markets Tax Credit allocations for healthcare projects.
- Our team has originated $1.2 billion in healthcare-related transactions.
- We prioritize projects creating both construction and full-time employment opportunities.
- Our streamlined funding process ensures timely and professional project closures.
- We require Community Benefits Agreements to guarantee measurable local impact.
Services
New Markets Tax Credit Program
The New Markets Tax Credit Program attracts private capital to underserved communities through tax incentives. We act as a financial intermediary, channeling investments into healthcare projects that create jobs and improve access to care. Our streamlined approval process ensures timely funding for qualified applicants.
Healthcare Infrastructure Investment
We provide debt and equity financing for healthcare facility construction, modernization, and operations. Projects range from rural hospitals to urban clinics, prioritizing those that address critical care gaps and generate sustainable employment in low-income areas.
Community Development
Our investments support community-driven healthcare projects that align with local development plans. We collaborate with stakeholders to ensure initiatives meet specific job creation targets and provide career advancement opportunities for residents in distressed areas.
Job Training Programs
We fund training initiatives that prepare low-income individuals for healthcare careers. Our partnerships with local organizations help create career ladder programs, ensuring long-term employment opportunities and skill development aligned with project needs.
Healthcare Facility Financing
We specialize in financing healthcare facilities ranging from $5M to $30M. Our funding covers construction, equipment, and operational costs for projects demonstrating strong community impact, including reduced healthcare costs and improved service accessibility.
People
Ben Cirka
Chairman & Founder
Founder and Executive Director of CHHS with over $1 billion in project financing experience. Former Senior Finance Manager at Struever Brothers and Shelter Group, specializing in tax credit programs. Holds degrees in Accounting and Real Estate Finance from Florida State and Johns Hopkins.
Ed Powell
Managing Director
Managing Director with $1.2 billion in healthcare transaction experience. Oversees financing from origination to closing, including investor negotiations and compliance. Former officer at United Medical Bank with expertise in loan syndication and regulatory audits.
Vivian Valenzuela
Office Administrator
Manages loan servicing and compliance for CHHS. 24-year veteran of property management with expertise in financial processing, insurance, and regulatory compliance. Ensures timely payments and borrower reporting adherence.
Abel Cardenas
Director
Director focused on community outreach and project monitoring. Former regional manager with experience in stakeholder communications and asset management. Facilitates partnerships between CHHS, local governments, and healthcare providers.
Alexander Klein
Manager
Manager with a Global MBA from Johns Hopkins. Handles business planning, financial proformas, and investor relations. Previously supported two healthcare startups from inception to multimillion-dollar operations.
Questions
What types of healthcare projects does CHHS fund?
We fund hospitals, clinics, behavioral health facilities, and medical centers in low-income areas. Projects must demonstrate job creation, community alignment, and improved healthcare access.
How does the New Markets Tax Credit process work?
NMTC provides tax incentives for private investments in underserved communities. We act as the financial intermediary, connecting investors with qualified healthcare projects that meet federal criteria.
What geographic areas do you serve?
We operate nationwide, focusing on both urban and rural distressed communities. Our projects span 20+ states with priority given to areas lacking adequate healthcare infrastructure.
How are community benefits ensured?
We require Community Benefits Agreements mandating job creation targets, local hiring commitments, and support for workforce development programs as conditions for funding.
What is the typical project funding timeline?
Applications are reviewed within 3-5 days. Projects meeting criteria are presented to our advisory board, with closings typically completed within 60-90 days post-approval.