In a new Novogradac Journal of Tax Credits cover story, PCDC leaders comment on how New Markets Tax Credits (NMTC) fueled financing for CrescentCare, a New Orleans-based community health center and longtime PCDC client.
PCDC completed financing last summer to construct CrescentCare’s new 65,000-square-foot medical campus, bringing much-needed primary care and prevention services to a community still rebuilding after Hurricane Katrina.
“The unique aspect is that [CrescentCare] provides a very high-need patient population, people with HIV/AIDS, with comprehensive services,” says Reema Fakih [pictured], NMTC director at PCDC, in the February 2018 issue. “It will now be able to bring that complete health home to the broader community.”
CrescentCare was among six nonprofits honored at the recent PCDC Founders Reception; all have become federally qualified health centers (FQHCs) through PCDC’s support.
Learn more about New Markets Tax Credits Financing.
Read the full article below.