How CDFIs Can Support Community Health Now

Categories: Investment, PCDC News, Policy
Even in the best of times, access to health care and basic financial services is essential to creating more equitable communities.      In underserved and underinvested areas — where financial resources are already limited — crises such as COVID-19 pose added threat to health and financial well-being.   Below are ways that Community Development Financial Institutions …

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PCDC: Community Reinvestment Act Changes Can Undermine Community Health Investments

Categories: Investment, Policy
Community Reinvestment Act
PCDC recently submitted comments to federal officials on proposed revisions to the Community Reinvestment Act (CRA), the federal law that requires banks to meet the credit needs of surrounding communities, particularly low- and moderate-income neighborhoods. “The Community Reinvestment Act enables us to finance and enhance primary care and other vital health services in underserved communities,” …

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Staff Spotlight: Adventures in Patagonia (and at PCDC)

Categories: Investment
Thearada (Teddy) Namcharoen serves as an Analyst for PCDC’s Capital Investment team, which invests in underserved communities by providing advisory services and responsible, affordable loan capital.   Previously, Namcharoen was a Licensed Real Estate Salesperson in New York State and a Credit Account Officer at Bangkok Bank’s New York Branch, managing a portfolio of more than …

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PCDC Receives $1 Million Award from the CDFI Fund

Categories: Investment, PCDC News
The Primary Care Development Corporation (PCDC) was awarded $1,029,000 in highly competitive grant funds this week from the Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund). PCDC was among 284 CDFIs nationwide awarded nearly $189 million in Financial Assistance grants, which enable recipients to increase access to capital in low-income and economically distressed communities. …

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Furthering Primary Care, Opioid Treatment, and Medical Education in Pennsylvania

Categories: Investment
A community in northeast Pennsylvania hard-hit by the opioid crisis will soon see expanded primary care access and medical education, thanks to financing from the Primary Care Development Corporation (PCDC). The Wright Center for Community Health and its affiliated entity, The Wright Center for Graduate Medical Education, will expand to a new 41,900-square-foot facility in …

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