Who Are We?
WE ARE A CDFI. PCDC is a U.S. Treasury-certified community development financial institution (CDFI). Using a variety of financial instruments, we provide loans to practices to update, modernize, or expand their operations to better serve their patients.
WE PROVIDE TECHNICAL ASSISTANCE. PCDC’s trained experts partner with health care providers to improve their services and outcomes. Using our on-the-ground expertise in primary care, we help our clients become patient-centered, efficient, and more successful.
WE PROMOTE POLICIES. PCDC uses its experience and connections in New York State and beyond to develop and execute policy initiatives to bring resources, attention, and innovation to primary care.
We are PCDC – and we catalyze excellence in primary care.
In 1993, New York City’s primary care landscape was bleak. Health centers were crowded and traditional banks were wary of lending money to practices that didn’t have solid financial footing, making it harder for them to expand to meet the needs of the city.
Ronda Kotelchuck, a fierce advocate for primary care in every community, addressed the problem head-on. Leading a working group of public and private organizations, she created the Primary Care Development Corporation (PCDC) to finance these facilities and bring culturally competent and high quality care to underserved communities. Under Ronda’s guidance, and armed with an initial $17 million in tax-exempt bond financing from New York City, PCDC began to reshape primary care delivery in neighborhoods in all five boroughs.
In the years since, PCDC has grown its expertise and reputation nationally through its work with primary care providers in more than 30 states. The original $17 million allocation has grown into over $800 million in leveraged financing, supporting more than 120 primary care capital projects, resulting in better care for over 800,000 patients.
Today PCDC is more than loans for construction. We use our experience in all aspects of primary care – from financing to delivery — to find new and innovative ways to make the system better.