PCDC Awarded $65 Million Allocation in U.S. Treasury New Market Tax Credits for Community Health

Categories: Investment, PCDC News
The Primary Care Development Corporation (PCDC) has been awarded $65 million in New Markets Tax Credits (NMTC) – PCDC’s largest allocation to date and amongst the highest awarded in this round of awards – from the U.S. Department of Treasury. The NMTC Program, administered by the CDFI Fund, spurs economic growth through federal tax credits …

Read More

PCDC Joins Coalition Calling on Congress to Extend New Markets Tax Credit Program

Categories: Investment, Policy
PCDC recently joined more than 700 organizations across the country to sign on to a letter authored by the New Markets Tax Credit (NMTC) Coalition to the United State Congress urging them to take action to extend and provide an emergency expansion of the New Markets Tax Credit (NMTC) that will assist communities struggling with …

Read More

HRSA Loan Guarantee Program: Unlocking Financing for Health Centers

Categories: Investment
Community health centers provide quality primary care to over 29 million Americans, regardless of ability to pay. Over 1,400 health centers operate more than 12,000 service delivery sites nationwide, many of which are the only health care options available for low-income populations. Continued financing for primary care — especially in rural and urban underinvested communities …

Read More

PCDC Awarded Contract for HRSA Health Center Facility Loan Guarantee Program

Categories: Investment, PCDC News, Press Release
The Primary Care Development Corporation (PCDC) announced it has been re-designated as the Lender Coordinator for the Health Resources & Services Administration’s (HRSA) Health Center Facility Loan Guarantee Program (LGP), which can guarantee more than $880 million in new loans to health centers. The Loan Guarantee Program facilitates access to capital funding by guaranteeing up …

Read More

PCDC Joins California CDFIs in Calling for $1 Billion in Federal Appropriations

Categories: Investment, Policy
PCDC joins the California Coalition for Community Investment (CCCI) – a coalition of almost 40 community development financial institutions that invest across the Golden State – in calling for a $1 billion appropriation for the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) in the next federal COVID-19 stimulus package. The …

Read More