PCDC's Impact: CDFI

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As a national nonprofit Community Development Financial Institution (CDFI), PCDC builds, expands, and strengthens primary care, primarily in low-income, underinvested communities. Nationally, PCDC has provided direct financing and leveraged more than $1 billion across 130 primary care health center projects, with more than $5 of private investment for each $1 of public investment.

Results include primary care access for millions of patients, 10,000+ jobs created in low-income communities, and more than 1.6 million square feet of space transformed. In 2019, PCDC received from Aeris — the CDFI rating and information service — a Four-star impact performance rating with Policy Plus and AA+ financial strength and performance rating.

Combined with our capital performance improvement and advocacy functions, our goal is to achieve health equity.

Through PCDC Financing, Apicha Opens Doors to Expanded Facility

Categories: Client Spotlight, Investment, PCDC News
apicha opening
Apicha Community Health Center unveiled its dramatically enhanced facilities in Lower Manhattan this week, following an expansion financed in large part by the Primary Care Development Corporation (PCDC). Left to Right: New York City Councilman Daniel Dromm Apicha CEO Therese R. Rodriguez PCDC CEO Louise Cohen The renovation more than doubles Apicha’s number of exam …

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PCDC Completes Third Round of Funding for Wisconsin Health Center

Categories: Investment, PCDC News, Press Release
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The Primary Care Development Corporation (PCDC) closed on a third round of funding to Lakeshore Community Health Care (Lakeshore) to finance the building of a new health center facility in Sheboygan, Wisconsin. The project will consolidate Lakeshore’s existing clinics into a much larger building that will enable Lakeshore to substantially expand the care available to …

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Primary Care Development Corporation Chosen as Administrator for $19.5 Million New York State Community Health Care Revolving Capital Fund

Categories: Investment, PCDC News, Press Release
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NEW YORK – The Primary Care Development Corporation (PCDC) announced that it has been named the administrator for a new $19.5 million Community Health Care Revolving Capital Fund in New York State. The fund was established in the New York State 2015-16 Enacted Budget under the authority of the New York State Department of Health (NYSDOH) …

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PCDC Receives $50 million Allocation in U.S. Treasury New Market Tax Credits

Categories: Investment
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The Primary Care Development Corporation (PCDC) is excited to announce it has received an allocation of $50 million in New Markets Tax Credits (NMTC) from the U.S. Department of Treasury. PCDC was one of 120 community development entities (CDEs) selected to receive $7 billion in NMTC allocation under this current round of awards covering 2015 …

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$1.75 Million CDFI Financial Assistance Grant Awarded to PCDC

Categories: Investment, Press Release
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NEW YORK –The Primary Care Development Corporation (PCDC) is pleased to announce that it has received a $1.75 million award from the U.S. Department of the Treasury’s Community Development Financial Institution (CDFI) Program. PCDC is proud to be among the 158 CDFIs to receive $170.2 million through the CDFI Program and is the only organization …

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