PCDC Supports Addiction Treatment Services for Women with Children in Nashville, Tennessee

Categories: Investment
Renewal House, the only residential addiction treatment program for pregnant women and women and their children in Middle Tennessee, received a total of $9 million in New Markets Tax Credits (NMTC) to construct a new addiction treatment and mental health facility in Nashville. This 35,000 square foot inpatient and outpatient facility will allow Renewal House …

Read More

Groundbreaking in Rural Louisiana for Primary Care and Behavioral Health Expansion

Categories: Investment
An underserved rural community in north-central Louisiana will soon have more access to integrated primary care and behavioral services, thanks to financing from the Primary Care Development Corporation (PCDC). CommuniHealth Services, established as Morehouse Community Medical Centers Inc. in 2002, broke ground for its new state-of-the-art 41,000 square-foot facility in Bastrop. The $14.3 million project …

Read More

PCDC Awarded $65 Million Allocation in U.S. Treasury New Market Tax Credits for Community Health

Categories: Investment, PCDC News
The Primary Care Development Corporation (PCDC) has been awarded $65 million in New Markets Tax Credits (NMTC) – PCDC’s largest allocation to date and amongst the highest awarded in this round of awards – from the U.S. Department of Treasury. The NMTC Program, administered by the CDFI Fund, spurs economic growth through federal tax credits …

Read More

PCDC Joins Coalition Calling on Congress to Extend New Markets Tax Credit Program

Categories: Investment, Policy
PCDC recently joined more than 700 organizations across the country to sign on to a letter authored by the New Markets Tax Credit (NMTC) Coalition to the United States Congress urging them to take action to extend and provide an emergency expansion of the New Markets Tax Credit (NMTC) that will assist communities struggling with …

Read More

Increasing HIV/AIDS Care in South Florida

Categories: Investment
The Primary Care Development Corporation (PCDC) completed financing on its first capital investment project in Florida, which will bring integrated primary care, behavioral health, and a variety of supportive services to Miami, especially for people and families affected by HIV/AIDS. PCDC’s $6 million in debt financing and $10 million in New Markets Tax Credit allocation …

Read More