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.

Louisiana’s Primary Health Services Center to Expand Services

Categories: Investment, Press Release
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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 …

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Nonprofit, Philanthropy, and Banking Sectors Partner to Finance Health Center Growth

Categories: Investment, Press Release
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New York, March 14 – The Goldman Sachs Urban Investment Group, The Kresge Foundation, Low Income Investment Fund (LIIF), Primary Care Development Corporation (PCDC), Rockefeller Foundation and The Reinvestment Fund (TRF) announced a new partnership today to finance the expansion of community health centers, bringing critical capital to help meet the growing healthcare needs of …

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After Hospital’s Fall, a Health Center Grows in Harlem

Categories: Client Spotlight, Investment
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When North General Hospital went bankrupt in 2010, it could have been a devastating blow to the Harlem community. But, thanks to the rapid response by the entrepreneurial Institute for Family Health (IFH) and PCDC’s New Markets Tax Credits (NMTC) program, Harlem now has a vibrant 37,000 square foot health center instead of a vacant …

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Harlem United Invests in Communities Through New Health Center, Mobile Vans

Categories: Investment, Press Release
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Holistic Community Health Center and Harlem United Mobile Vans to Serve More Than 9,000 Homeless, HIV/AIDS Patients Press Release, JANUARY 28, 2013 Today, Harlem United announced that it secured $9.7 million in New Markets Tax Credit (NMTC) financing, as well as a $500,000 low-cost loan from the Primary Care Development Corporation (PCDC) to build the Holistic Community …

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