PCDC to Administer $19.5 Million Community Health Care Revolving Capital Fund

The Primary Care Development Corporation (PCDC) has been named the administrator for a new $19.5 million Community Health Care Revolving Capital Fund in New York State. The loan fund was established in the New York State 2015-16 enacted budget under the authority of the New York State Department of Health (NYSDOH) and Dormitory Authority of the State of New York (DASNY) to improve access to affordable capital to expand and improve preventive or primary care capacity.

“New York’s health care system requires a strong foundation of primary care,” said New York State Assembly Health Committee Chair Richard N. Gottfried, who led the effort in the State Legislature to establish the Community Health Care Revolving Capital Fund. “This has taken years of work. It’s an important step toward healthy communities. DASNY and the Health Department were right to choose PCDC to administer the program, with its excellent track record supporting community health centers statewide.”

PCDC is currently accepting loan inquiries  from eligible community-based providers operating Article 28 health centers and diagnostic and treatment centers, Article 31 mental health clinics, and Article 32 alcohol and substance abuse treatment clinics in New York State. Loan proceeds can be used to finance the construction, expansion, and renovation of community health care facilities.

LEARN MORE 

Source:

Primary Care Development Corporation

45 Broadway, Suite 530, New York, NY 10006

T: 212-437-3900     

E: info@pcdc.org     

W: www.pcdc.org