South Beach Psychiatric Center Awards Financial Services Contract to Hearts Center Llc (July 2026)

Empire State New Market Corporation approved a sub-allocation of up to $12 million in New Markets Tax Credits to support HEArts Center, LLC in rehabilitating the historic Lincoln Recovery Center into a multi-service community hub in the Bronx. The board adopted the General Project Plan, authorized the NMTC transaction, and found no significant environmental impact.

Scope & details

The full contract record, as filed.

Contract amount

up to $12,000,000 in NMTC authority

Contract type

FINANCIAL_SERVICES

Contract term

Seven-year NMTC compliance period (standard NMTC structure)

Renewal

Standard NMTC transaction with an expected seven-year credit and compliance period; resolution allows future modification of allocation round and terms by the President or designee.

Document type

AgendaPacket

Source document

Empire State New Market Corporation Agenda Packet 2026-07-08

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by South Beach Psychiatric Center?

Hearts Center Llc was awarded this financial services contract by South Beach Psychiatric Center, as recorded on July 8, 2026. The contract value is up to $12,000,000 in NMTC authority.

How much is the Hearts Center Llc contract with South Beach Psychiatric Center worth?

The Hearts Center Llc contract with South Beach Psychiatric Center is valued at up to $12,000,000 in NMTC authority, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Empire State New Market Corporation Agenda Packet 2026-07-08 (AgendaPacket), dated July 8, 2026 from South Beach Psychiatric Center. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hearts Center Llc hold?

Hearts Center Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is South Beach Psychiatric Center currently buying?

Explore South Beach Psychiatric Center's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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