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 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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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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