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’s First Financing in Georgia to Help Expand Primary Care for Children

Categories: Investment, PCDC News
The Primary Care Development Corporation (PCDC) today announced the completion of its first financing in Georgia: a $13 million-project partnership that will dramatically expand behavioral health services and integrated primary care, particularly for children. Headquartered in Atlanta, CHRIS 180 is a social services organization serving six counties in Georgia by providing behavioral health services for …

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Novogradac Journal: How PCDC is Helping Make a ‘Big Difference in Big Easy’

Categories: Client Spotlight, Investment, PCDC News
In a new Novogradac Journal of Tax Credits cover story, PCDC leaders comment on how New Markets Tax Credits (NMTC) fueled financing for CrescentCare, a New Orleans-based community health center and longtime PCDC client. PCDC completed financing last summer to construct CrescentCare’s new 65,000-square-foot medical campus, bringing much-needed primary care and prevention services to a community …

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PCDC Awarded $60 Million Allocation in U.S. Treasury New Market Tax Credits

Categories: Investment, PCDC News, Press Release
The Primary Care Development Corporation (PCDC) has been awarded $60 million in New Markets Tax Credits (NMTC) — PCDC’s largest allocation to date — from the U.S. Department of Treasury. The NMTC Program, administered by the CDFI Fund, spurs economic growth through federal tax credits that attract private investment to distressed communities. NMTC has emerged as …

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Six Years After Hurricane Sandy, PCDC Financing Helps Revitalize Health Center

Categories: Client Spotlight, Investment, PCDC News
The Primary Care Development Corporation (PCDC) has completed $22.5 million in financing to transform a health center in an underserved New York City neighborhood affected by Hurricane Sandy. Bank of America Merrill Lynch and Building America CDE partnered with PCDC on the project, which will bring new space, services, and jobs to an area disproportionately affected …

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PCDC Financing Supports $47M Expansion of Primary Care in Connecticut

Categories: Client Spotlight, Investment, PCDC News, Press Release
The Primary Care Development Corporation (PCDC) recently completed financing on a $47 million project that will dramatically increase access to primary care services across three key Connecticut cities. The financing enables Community Health Center, Inc. (CHC), Connecticut’s largest federally qualified health center (FQHC), to increase services by 60 percent, expanding its reach to an additional …

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