Virginia Garcia Memorial Health Center provides high quality, comprehensive and culturally appropriate health care to those who need it most in Washington and Yamhill counties. VGMHC HOLDINGS, INC. (HOLDINGS) WAS FORMED IN 2024 AS A PUBLIC BENEFIT CORPORATION TO EXCLUSIVELY BENEFIT THE CENTER. HOLDINGS WAS ESTABLISHED AS PART OF A NEW MARKETS TAX CREDIT (NMTC) TRANSACTION FOR THE CENTER'S NEWBERGWELLNESS CENTER PROJECT. THE NMTC PROGRAM IS A FEDERAL SUBSIDY PROGRAM FOR ECONOMIC DEVELOPMENT OF DEPRESSED AREAS. THE NMTC PROGRAM IS DESIGNED TO STIMULATE THE FLOW OF INVESTMENT CAPITAL INTO UNDERSERVED AREAS BY PROVIDING TAX CREDIT INVESTMENT IN A "LOW INCOME COMMUNITY," WHICH IS CLAIMED OVER A SEVEN YEAR CREDIT COMPLIANCE PERIOD. ON FEBRUARY 8, 2024, THE CENTER CLOSED A NMTC TRANSACTION OF APPROXIMATELY $25.2 MILLION TO DEVELOP ITS NEWBERG WELLNESS CENTER.