PCDC Announces New Leadership in Capital Investment and Finance & Administration

| By Jonathan Yan
Categories: Investment, PCDC News, Press Release
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PCDC is pleased to announce the recent appointment of two new executives. Dana Reed joins PCDC as Managing Director, Capital Investment, and Daniel J. Lehman will be PCDC’s Executive Vice President and Chief Financial Officer. Both appointments followed highly competitive national searches led by a search firm. “I am thrilled to round out PCDC’s executive …

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PCDC Awarded $65 Million Allocation in CDFI Fund New Market Tax Credits

| By Jonathan Yan
Categories: Investment, PCDC News, Press Release
| Tags: ,
The Primary Care Development Corporation (PCDC) has been awarded $65 million in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund. The award matches last year’s record allocation and is the highest tier of allocations awarded to Community Development Entities (CDEs). The NMTC Program, administered by …

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Investing in Culturally Competent Primary and Specialty Care Services to Immigrant Communities in Houston

| By Jonathan Yan
Categories: Investment
| Tags: , , , , ,
HOPE Clinic Health and Wellness Center (HOPE), the second largest Federally Qualified Health Center (FQHC) in Houston, Texas, recently received $16 million in total financing from Primary Care Development Corporation (PCDC) for a new 70,000 square foot health and wellness facility. PCDC’s financing package included $10 million in New Markets Tax Credits (NMTC) and $6 …

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Expanding Primary and Specialty Care Services to Underserved Communities in Rhode Island

| By Jonathan Yan
Categories: Investment
| Tags: , , , , ,
Providence Community Health Center (PCHC), the largest Federally Qualified Health Center (FQHC) in Rhode Island, received $6 million on June 26, 2021 in New Markets Tax Credits (NMTC) from Primary Care Development Corporation (PCDC) for a new 26,600 square foot health facility. The new facility, which will be located in Providence on Atwood Street, is …

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New York Senate Advances Bill to Expand Eligible Uses for the Community Health Care Revolving Capital Fund

| By Jonathan Yan
Categories: Investment, PCDC News, Policy
| Tags: ,
The New York State Senate recently took action on a bill sponsored by Senate Health Committee Chair Gustavo Rivera and Assembly Health Committee Chair Richard Gottfried to increase flexibility and expand eligible uses of the New York State Community Health Care Revolving Capital Fund, which is administered by PCDC. The Senate Health Committee passed the …

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