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.

Callen-Lorde Expands LGBTQ-Oriented Care in Brooklyn Through PCDC Financing

Categories: Client Spotlight, Investment, PCDC News
A new $18.2 million project will expand Callen-Lorde Community Health Center into Brooklyn, furthering its mission of culturally competent and accessible health care for New York City’s LGBTQ community. Located in the heart of Downtown Brooklyn, the new 25,000-square-foot facility is projected to serve more than 15,000 additional patients and create nearly 100 full-time jobs. …

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Expanding Care Access Across Connecticut

Categories: Investment
On November 20, Community Health Center, Inc. (CHC) opened the doors to a state-of-the-art, 22,400-square-foot facility in Stamford, expanding primary care access to Connecticut’s most underserved residents. The Stamford location is the first of three new health care facilities that CHC is opening across the state, all part of a $47 million undertaking made possible …

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‘People Want to Come Here’: Tips from a Health Center CEO

Categories: Client Spotlight, Investment
Of the four community health centers founded or developed by Luisa Buada, perhaps one is most prominent: Ravenswood Family Health Center in East Palo Alto, CA. As Chief Executive Officer for the last 15 years, Buada has energized every facet of Ravenswood — including its transformation from a collection of modular buildings to a gleaming, …

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PCDC’s First Financing in Washington Brings Needed Dental and Behavioral Care

Categories: Investment, PCDC News
The Primary Care Development Corporation (PCDC) today announced the completion of its first financing in Washington State: a $15.2 million project that answers an urgent need for dental and behavioral health care. The financing enables Unity Care Northwest (UCNW), a federally qualified health center serving patients in Whatcom County, to address northwest Washington’s dentist shortage …

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Amidst Lingering Health Crises, Western New York Provider Strengthened Through Financing

Categories: Investment, Press Release
A primary care provider in Western New York — where rates of HIV, substance use, and sexually transmitted infections (STIs) outpace state averages — is undergoing dramatic enhancements, aided by $7 million in financing by the Primary Care Development Corporation (PCDC). Buffalo-based Evergreen Health will not only broaden its primary care services for the underserved, …

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