U.S. Treasury Awards PCDC $43 million in New Markets Tax Credits
Categories: Press Release
Latest PCDC News
Nonprofit, Philanthropy, and Banking Sectors Partner to Finance Health Center Growth
New York, March 14 – The Goldman Sachs Urban Investment Group, The Kresge Foundation, Low Income Investment Fund (LIIF), Primary Care Development Corporation (PCDC), Rockefeller Foundation and The Reinvestment Fund (TRF) announced a new partnership today to finance the expansion of community health centers, bringing critical capital to help meet the growing healthcare needs of …
After Hospital’s Fall, a Health Center Grows in Harlem
When North General Hospital went bankrupt in 2010, it could have been a devastating blow to the Harlem community. But, thanks to the rapid response by the entrepreneurial Institute for Family Health (IFH) and PCDC’s New Markets Tax Credits (NMTC) program, Harlem now has a vibrant 37,000 square foot health center instead of a vacant …
Harlem United Invests in Communities Through New Health Center, Mobile Vans
Holistic Community Health Center and Harlem United Mobile Vans to Serve More Than 9,000 Homeless, HIV/AIDS Patients Press Release, JANUARY 28, 2013 Today, Harlem United announced that it secured $9.7 million in New Markets Tax Credit (NMTC) financing, as well as a $500,000 low-cost loan from the Primary Care Development Corporation (PCDC) to build the Holistic Community …
Keeping East Harlem Seniors in the Community
Categories: Investment
$4.2 million – ArchCare Senior Life – East Harlem, NY With PCDC financing, ArchCare Senior Life, a managed long term care program that provides medical care to frail and under-served populations, opened its first PACE (Program of All-inclusive Care for the Elderly) Center in Central and East Harlem in November 2009. PCDC provided $4.2 …
