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 U.S. Treasury New Market Tax Credits for Community Health

Categories: Investment, PCDC News
The Primary Care Development Corporation (PCDC) has been awarded $65 million in New Markets Tax Credits (NMTC) – PCDC’s largest allocation to date and amongst the highest awarded in this round of awards – from the U.S. Department of Treasury. The NMTC Program, administered by the CDFI Fund, spurs economic growth through federal tax credits …

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PCDC Joins Coalition Calling on Congress to Extend New Markets Tax Credit Program

Categories: Investment, Policy
PCDC recently joined more than 700 organizations across the country to sign on to a letter authored by the New Markets Tax Credit (NMTC) Coalition to the United States Congress urging them to take action to extend and provide an emergency expansion of the New Markets Tax Credit (NMTC) that will assist communities struggling with …

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Increasing HIV/AIDS Care in South Florida

Categories: Investment
The Primary Care Development Corporation (PCDC) completed financing on its first capital investment project in Florida, which will bring integrated primary care, behavioral health, and a variety of supportive services to Miami, especially for people and families affected by HIV/AIDS. PCDC’s $6 million in debt financing and $10 million in New Markets Tax Credit allocation …

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A Health Center’s $47 Million Evolution

Categories: Client Spotlight, Investment
Community Health Center, Inc. (CHC) — Connecticut’s largest Federally Qualified Health Center — celebrated the culmination of an ambitious project this spring: a $47 million expansion of three sites across the state. Made possible through PCDC financing, the new facilities span a total of 81,400 square feet and expand primary care access to an additional …

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$19.8 Million Project to Enhance Care for Philadelphia’s Seniors

Categories: Investment, PCDC News
The Primary Care Development Corporation (PCDC) recently completed financing of its first project in Philadelphia: a 28,000-square-foot center that will provide primary care services and safe, respectful living accommodations for seniors in their own community. The $19.8 million financing enables NewCourtland Senior Services to construct a Living Independence for the Elderly (LIFE) Center to be …

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