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 Receives $50 million Allocation in U.S. Treasury New Market Tax Credits

Categories: Investment
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The Primary Care Development Corporation (PCDC) is excited to announce it has received an allocation of $50 million in New Markets Tax Credits (NMTC) from the U.S. Department of Treasury. PCDC was one of 120 community development entities (CDEs) selected to receive $7 billion in NMTC allocation under this current round of awards covering 2015 …

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Primary Care Development Corporation, U.S. Bancorp to Finance New Family Health Centers of San Diego in El Cajon

Categories: Investment, Press Release
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New York, San Diego, St. Louis, September 15, 2016 – The Primary Care Development Corporation (PCDC) and U.S. Bancorp Community Development Corporation (USBCDC) have closed on financing to support Family Health Centers of San Diego’s (FHCSD) construction of a new, comprehensive care center in the city of El Cajon. New Markets Tax Credits (NMTC) financing …

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Lowell Community Health Center Expands

Categories: Investment, Press Release
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With $27 million expansion, new space adds dental and vision services to largest primary care provider in the area Lowell, MA—Lowell Community Health Center (Lowell CHC) closed today on financing for a $27 million expansion that will renovate 65,000 square feet at 101 Jackson Street, adjacent to its main center at 161 Jackson Street. Through …

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PCDC, Capital One Bank to Fund Expansion of Important Clinic in Wichita, Kansas

Categories: Investment, PCDC News, Press Release
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NEW YORK, N.Y., June 13, 2016 – The Primary Care Development Corporation (PCDC) and Capital One Bank announced that they have provided financing to Wichita, Kansas-based HealthCore Clinic to complete expansion and renovation of its existing facility, offering an expanded range of affordable, integrated health services to people of all ages. The package includes $9 …

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PCDC and Partners Support Building of Integrated Health Center in East NY

Categories: Investment, PCDC News, Press Release
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NEW YORK, N.Y., June 7, 2016 – The Primary Care Development Corporation (PCDC), Corporation for Supportive Housing (CSH), U.S. Bancorp Community Development Corporation (USBCDC), and Deutsche Bank’s Community Development Finance Group have partnered to provide financing to the Institute for Community Living (ICL), towards the construction and substantial renovation of a $29.8 million, 44,600 square …

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