PCDC's Impact: New Markets Tax Credit

Print Friendly, PDF & Email

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 Finances Integrated Care for San Francisco’s Underserved

Categories: Investment
Print Friendly, PDF & Email

While known for sky-high real estate costs and a thriving tech industry, San Francisco also has a large low-income community lacking access to primary care, behavioral health, and social services. Recognizing that need, the Primary Care Development Corporation (PCDC) has provided $12 million in New Markets Tax Credit allocations and $1.7 million in term loan …

Read More

Primary Care Development Corporation, Capital One Bank Partner to Support Health Center Expansion in Dallas

Categories: Press Release
Print Friendly, PDF & Email

New Markets Tax Credit Partnership Leverages HRSA Grant for Los Barrios Unidos Community Clinic With roughly 39 percent of its residents uninsured, the community of Southwest Dallas, Texas is in desperate need of primary care. Many providers in the community either won’t take uninsured patients or have long waiting lists. To address these challenges, Los …

Read More

$55M in tax credits goes to primary care

Categories: Investment, Press Release
The U.S. Treasury’s Community Development Financial Institutions Fund has awarded the Primary Care Development Corp. $55 million in New Markets Tax Credit allocation. The award will help PCDC continue to invest in primary care in underserved communities throughout the country. PCDC is one of 76 community development entities to share in $3.5 billion in New …

Read More

Louisiana’s Primary Health Services Center to Expand Services

Categories: Investment, Press Release
Print Friendly, PDF & Email

MONROE, La and NEW YORK, N.Y., October 14, 2014 – Primary Care Development Corporation (PCDC) and Capital One have invested $14.0 million in New Markets Tax Credit allocation (NMTCs) into Louisiana-based Primary Health Services Center (PHSC) to expand its integrated primary care services to meet the needs of nearly 20,000 patients in Northeast Louisiana. “This …

Read More