PCDC's Impact: New Markets Tax Credit
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.
The Primary Care Development Corporation (PCDC) closed on a third round of funding to Lakeshore Community Health Care (Lakeshore) to finance the building of a new health center facility in Sheboygan, Wisconsin. The project will consolidate Lakeshore’s existing clinics into a much larger building that will enable Lakeshore to substantially expand the care available to …