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

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 Institutions (CDFI) Fund. PIDC Community Capital was one of 73 organizations nationally selected to receive an allocation in this current round. Today, the CDFI Fund announced a total

COMMUNITY PARTNERSHIP SCHOOL

PIDC was proud to take part in Community Partnership School Groundbreaking Ceremony. PIDC provided the school with a New Markets Tax Credits (NMTC) investment and a RACP Bridge Loan. This project will aid the staff in continuing to provide a high-quality education for its students and serve as a positive impact on the community.

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

  PIDC ANNOUNCES A $60 MILLION ALLOCATION IN U.S. TREASURY NEW MARKETS TAX CREDITS PIDC Community Capital is the only Philadelphia organization to receive allocation in current round of awards PIDC today 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

DNC IN PHILADELPHIA CREATES OPPORTUNITIES FOR LOCAL BUSINESSES

Being the host city for the Democratic National Convention in 2016 has created opportunities for many local businesses. The Philadelphia 2016 Host Committee is committed to diversity and inclusion in the vendors and contractors participating the DNC. Of the $150 million already spent by the committee, most of the money has gone to local businesses

Community Health and Literacy Center Grand Opening

On May 9th, 2016 The Children’s Hospital of Philadelphia (CHOP), The City of Philadelphia, PIDC, and other partners celebrated the grand opening of the 96,000 square foot, LEED-certified Community Health and Literacy Center. This $42.5 million project is the first of its kind with a joint venture between the City of Philadelphia, CHOP, & the

CHILDREN’S HOSPITAL OF PHILADELPHIA TO DEVELOP COMMUNITY HEALTH & LITERACY CENTER

  On October 30, 2014, the Children’s Hospital of Philadelphia (CHOP) closed on New Markets Tax Credit (NMTC) financing with PIDC, Chase Community Equity LLC, Chase New Markets Corporation, City First Bank of D.C., and Commonwealth Cornerstone Group to develop the Community Health & Literacy Center located at 1700 South Broad Street in the Newbold section of

POSITIONING YOUR PROJECT FOR NEW MARKETS TAX CREDITS

On May 20, 2014, PIDC in partnership with Ballard Spahr, CohnReznic, PNC and Seawall Development Company will bring you an opportunity to learn more about the New Markets Tax Credit (NMTC) program and how you can position your project to take advantage of this financing.

PIDC INVESTS IN THE CENTER FOR THE URBAN CHILD

On June 20, 2013, St. Christopher’s Hospital for Children, PIDC and Bank of America Community Development Corporation closed on $15 million of New Markets Tax Credit financing to develop the Center for the Urban Child (the “Center”) in the Feltonville/Juniata Park Community of Philadelphia.