Client Feature: H&Mcare Breaks Ground on $13M Project for Home Care Support Services

Last month, PIDC client H&Mcare – a Black- and immigrant-owned home care support services business – celebrated a groundbreaking at 71st and Woodland Streets in Southwest Philadelphia. The $13 million project will provide critical services for the community, including housing to more than 22 individuals over the age of 65, an urgent care, a pharmacy, and residential

PIDC ANNOUNCES A $45 MILLION ALLOCATION IN U.S. TREASURY NEW MARKETS TAX CREDITS

CONTACT: Jazmund Walker, PIDC Marketing Communications Manager 215.496.8199 The 8th award for PIDC Community Capital for a total of $418 million in New Markets Tax Credit allocations over 14 years PHILADELPHIA (October 28, 2022) – Today, PIDC announced its CDFI subsidiary, PIDC Community Capital, was awarded $45 million in New Markets Tax Credit (NMTC)

PIDC ANNOUNCES A $60 MILLION ALLOCATION IN U.S. TREASURY NEW MARKETS TAX CREDITS

The 7th award for PIDC Community Capital for a total of $373 million in New Markets Tax Credit allocations over 13 years PHILADELPHIA (September 2, 2021) – Today, PIDC announced its CDFI subsidiary, PIDC Community Capital, was awarded $60 million in New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial

Powel & SLA-MS

In December 2019, Drexel University and the School District of Philadelphia held a groundbreaking ceremony to celebrate the new construction of a 2-story 90,000 square foot school building in the Powelton section of Philadelphia, a federally designated Promise Zone with a poverty rate of 48%. Fast-forward to 2021, and the construction project is now complete,

RESTART Update: New Markets Tax Credits

Working in partnership with the City of Philadelphia Department of Commerce, the Chamber of Commerce for Greater Philadelphia, and Philadelphia Works, we have jointly identified four phases of work to drive an equitable economic recovery in Philadelphia: [/av_textblock] [/av_one_full] [av_one_fourth first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’

The Clay Studio Breaks Ground on New Facility

The groundbreaking is a culmination of a $13.7 million capital campaign, which was supported by an allocation of New Markets Tax Credits from PIDC. In this project, PIDC joins lending partners Local Initiatives Support Corporation (Philadelphia), Reinvestment Fund, and Wells Fargo. The new facility at 1425 N. American St. is a milestone for the nearly

Groundbreakings & Ribbon Cuttings

Some of PIDC’s spectacular neighborhood projects have recently cut the ribbons and celebrated opening their doors. Here are a few notable projects that have either renovated their current location or opened at an entirely new location. Community Partnership School is now in its 14th year of providing high quality and affordable early childhood and elementary

Mosaic Development Partners

Minority Business Enterprise development firm, Mosaic Development Partners, run by Leslie Smallwood-Lewis and partner, Gregory Reaves, has been a long-standing client of PIDC. As a Philadelphia-based real estate development company that identifies real estate projects with the potential to bring positive change to a community, Mosaic Development Partners has worked with PIDC on various projects

PIDC Announces a $45 Million Allocation in U.S. Treasury New Markets Tax Credits

The sixth award for PIDC Community Capital for a total of $313 million in New Markets Tax Credit allocations over eleven years PHILADELPHIA (May 23, 2019) – PIDC today announced its CDFI subsidiary, PIDC Community Capital, was awarded $45 million in New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial Institutions