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.

New Markets Loan for Monticello Primary Care Expansion

Categories: Client Spotlight
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“A key challenge of expanding primary care is access to affordable capital financing, even for well-run, high-quality health center networks like Hudson River HealthCare,” said Ronda Kotelchuck, PCDC Executive Director. “That’s why we are thrilled that this loan will have such a direct impact on patients by helping Hudson River HealthCare expand much needed primary …

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Children’s Aid Society Builds New Bronx Health Center to Serve 4,000 Children

Categories: Client Spotlight, Investment
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“Integrating our primary care and social services under one roof is essential to serving this population, which is why we are delighted to partner with PCDC to build the kind of high-quality health care facility that will meet the needs of some of New York City’s most vulnerable children.”  – CAS President & CEO Richard Buery The Children’s …

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