About Us
PCDC is a nonprofit that provides capital financing, expertise, and advocacy to expand primary care access and advance health equity in communities that need it most.
PCDC is a nonprofit that provides capital financing, expertise, and advocacy to expand primary care access and advance health equity in communities that need it most.
Primary Care Development Corporation (PCDC) is a national nonprofit organization that supports healthy, thriving communities across the country through capital financing, expertise, and advocacy.
PCDC envisions a future where all people have access to high-quality primary care because primary care is a cornerstone of healthy, vibrant communities.
PCDC strengthens communities and builds health equity through strategic primary care investment, expertise, and advocacy.
In the early 1990s, the primary care landscape in New York City was bleak, with overcrowded health centers, poor health outcomes, and a dearth of primary care providers. Determining that lack of capital financing was a major barrier to adequate community-based primary care, PCDC was founded in 1993 by Mayor Dinkins. It was established as a public-private partnership with a mandate to bring high-quality and affordable primary care to NYC’s low-income, underserved, and disinvested neighborhoods.
In 1998, PCDC became a Community Development Financial Institution (CDFI), chartered by the U.S. Treasury’s CDFI Fund. Capitalized with $17 million in grants from New York City and $250 million in New York State bond financing, PCDC invested in new primary care sites of FQHCs, other community-based health providers, and safety-net hospitals.
In 2004, supplemented by its first New Markets Tax Credit (NMTC) allocation from the CDFI Fund, PCDC expanded its lending to New York State, and five years later, it expanded financing activities nationwide. As a result of 30+ years of steady growth, PCDC has leveraged more than $1.57 billion in both NMTC awards and direct loans, created over 21,000 construction and health care jobs, and provided technical assistance and training to hundreds of health care organizations around the country, creating financial sustainability, better access to primary care, and better health outcomes in communities that need it most.
Quality — We hold ourselves to a high standard of excellence in everything we do and always strive to improve.
Teamwork — We listen to, learn from, and collaborate with each other and our partners.
Respect — We approach our work with respect and humility.
Creativity — We provide responsive solutions.
Health equity — Equity is at the center of every PCDC solution.