PCDC's Impact: New Markets Tax Credit

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PCDC’s New Markets Tax Credit (NMTC) program has invested $222 million in low-income communities to date. Borrowers benefit from flexible terms and below-market interest rates, spurring development and investment in underserved communities.

PCDC offers NMTC financing to Federally Qualified Health Centers, behavioral health institutions, AIDS Service Organizations, safety net hospitals, and more. Our investments have built 878,000 square feet of health care space serving 400,000 patients and created 2,850 construction jobs and 3,100 permanent jobs.

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

Categories: Investment, PCDC News, Press Release
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

Categories: Investment
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

Categories: Investment
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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PCDC Supports Addiction Treatment Services for Women with Children in Nashville, Tennessee

Categories: Investment
Renewal House, the only residential addiction treatment program for pregnant women and women and their children in Middle Tennessee, received a total of $9 million in New Markets Tax Credits (NMTC) to construct a new addiction treatment and mental health facility in Nashville. This 35,000 square foot inpatient and outpatient facility will allow Renewal House …

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Groundbreaking in Rural Louisiana for Primary Care and Behavioral Health Expansion

Categories: Investment
An underserved rural community in north-central Louisiana will soon have more access to integrated primary care and behavioral services, thanks to financing from the Primary Care Development Corporation (PCDC). CommuniHealth Services, established as Morehouse Community Medical Centers Inc. in 2002, broke ground for its new state-of-the-art 41,000 square-foot facility in Bastrop. The $14.3 million project …

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