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.

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Primary Care Development Corporation, InclusivCare Improves Access to Healthcare

| By Jonathan Yan
Categories: Investment
| Tags: , ,
The multi-million-dollar investment will enhance overall patient outcomes in southeast Louisiana Access to high-quality and cost-effective primary care is vital to good health, yet some communities face barriers to accessing care. According to the America’s Health Rankings, the state trails much of the nation in health outcomes. In Jefferson Parish, LA, adult smoking, obesity, and …

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Supporting Rural and Behavioral Health Providers in Pennsylvania

| By Jonathan Yan
Categories: Investment
| Tags: , , , ,
In the midst of a behavioral health crisis or a cancer diagnosis, traveling to a medical facility outside of the community – sometimes hours away from home – for care is the last hurdle a patient needs. But in rural communities, like Huntingdon, Pennsylvania where integrated care is lacking and approximately 96% of oncology services …

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Responding to Health Care Needs for Unhoused People in California

| By Jonathan Yan
Categories: Investment
| Tags: , ,
Primary care is the cornerstone of healthy, thriving communities, but in Santa Cruz, California, approximately 11,000 adults lack a reliable source of care. Santa Cruz Community Health Centers (SCCHC) is taking important steps forward in responding to these growing health care needs among the unhoused people in their community. Recently, the Primary Care Development Corporation …

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Expanding Primary Care and Behavioral Health Services in Western New York

| By Jonathan Yan
Categories: Investment
| Tags: , , ,
The Primary Care Development Corporation (PCDC) recently financed the expansion of two Federally Qualified Health Centers (FQHCs) in Western New York. The Chautauqua Center (TCC) in Dunkirk, New York received $7 million to expand its current location, and Neighborhood Health Center of Western New York (Neighborhood) received $19 million to expand two locations in Buffalo, …

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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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Improving Revenue Cycle Operations for a Free Clinic in Texas
Leveraging Interactive Care Coordination Training to Reduce Avoidable Hospitalizations
Building Private Practice Financial Literacy and Revenue Cycle Management Capacity: Lessons from PCDC’s 2022 Financial Management Learning Collaborative
Welcome to PCDC’s Newest Board Members
Improving Early Detection Screening in New Jersey
Special PCDC Statement on the U.S. Supreme Court’s Decision on Affirmative Action