Grand Mental Health
(Stillwater, OK)
In October 2024, True Mountain Capital worked with Grand Mental Health to secure $16 million in New Markets Tax Credit (NMTC) allocation for the construction of a new behavioral health and substance-use treatment center in Stillwater, Oklahoma.
The 37,500-square-foot facility marked a major step forward in Northeast Oklahoma’s effort to expand access to comprehensive mental health and addiction treatment. The project increased GMH’s capacity to serve an additional 3,750 individuals each year, providing essential services to those in need and strengthening the continuum of care across the region.
In addition to its healthcare impact, the project created more than 100 quality, accessible jobs in a non-metropolitan and deep-distress census tract, serving as an economic catalyst for the surrounding community.
True Mountain Capital was deeply grateful for the collaboration and commitment of its partners U.S. Bank, REI Oklahoma, Novogradac & Company LLP, and Polsinelli whose expertise and teamwork helped bring this important investment to fruition.
- CDE: REI Oklahoma
- Investor: U.S. Bank
- Role: QALICB Consultant – True Mountain Capital
This project expanded Grand Mental Health’s footprint in Stillwater, Oklahoma, boosting access to critical mental, behavioral, and substance-use treatment for a predominantly low-income community. The new 37,500-square-foot facility allows GMH to serve 3,750 more individuals each year and strengthens behavioral-health infrastructure in a deep-distress and Medically-Underserved census tract. The investment also generated 147 full-time jobs, delivering both essential services and meaningful economic impact in a rural region.