PCDC and Enterprise Community Loan Fund Support Community Health in the Bronx

Categories: Investment, Press Release

NEW YORK, N.Y., July 5, 2016 – The Primary Care Development Corporation (PCDC) and Enterprise Community Loan Fund (Enterprise) announced that they have closed on a loan that will enable Brightpoint Health to open a 16,000 sq. ft. federally qualified health center (FQHC) in the Bronx. The new site will be located in the Triangle Plaza Hub, a new development of mixed-use retail and office facilities that opened in the heart of the South Bronx in August 2015. The Triangle Plaza Hub has created over 150 construction jobs and is anticipated to create 188 permanent jobs.

When completed, the Brightpoint Health Center will be among the first in the community to offer integrated primary care, behavioral health and Health Home services for adults and children. The center will utilize four adult and four pediatric primary care exam rooms, as well as 14 behavioral health counseling rooms, and be able to serve up to 36,000 patients by the third year.

“The Hunts Point/Mott Haven community has seen a recent influx of primary care providers delivering critically needed care, but more help, particularly behavioral health services, is still needed,” said Anne Dyjak, Managing Director of PCDC. “PCDC is proud to be supporting Brightpoint’s plans to improve the overall health of this community by bringing much-needed behavioral and integrated care services.”

The project is being supported through a $4 million loan from PCDC, which includes a $1.5 million participation with Enterprise. Both organizations are designated community development financial institutions that have worked extensively in New York’s underserved communities. In the South Bronx, where the new center will be located, almost 40 percent of residents are below the federal poverty level.

“Enterprise is excited to be supporting Brightpoint Health and bringing integrated primary and behavioral health care services to the community,” said Lori Chatman, President, Enterprise Community Loan Fund. “The hub is at a vital crossroads in the South Bronx, and will provide improved access to quality medical services for residents living in the 5,700 affordable homes we have financed in the community.”

Brightpoint is a long-standing FQHC with a 25-year history in New York City, currently operating 15 sites throughout the five boroughs. PCDC has supported Brightpoint’s efforts to transform the communities it serves since 2011.

About Primary Care Development Corporation
Founded in 1993, the Primary Care Development Corporation is a nationally recognized nonprofit organization dedicated to expanding access to quality primary care, in order to improve the health of families and communities, lessen disparities and reduce health care costs. PCDC offers training and technical assistance on providing health care services that are accessible, high-quality, and compassionate; affordable capital to renovate and expand community health centers so that services are offered in settings that promote efficiency, dignity, and respect; and advocacy to advance public policies that strengthen and sustain quality primary care. To date, PCDC has helped over 1,000 primary care practices improve delivery of care and leveraged over $750 million on projects that enhance capacity in low-income communities.

About Enterprise Community Loan Fund
Enterprise works with partners nationwide to build opportunity. We create and advocate for affordable homes in thriving communities linked to jobs, good schools, health care and transportation. We lend funds, finance development and manage and build affordable housing, while shaping new strategies, solutions and policy. Over more than 30 years, Enterprise has created nearly 340,000 homes, invested $18.6 billion and touched millions of lives. Since our New York office opened in 1987, we have created or preserved nearly 50,000 affordable homes and committed $3 billion in equity, grants and loans to community development projects in the region. Join us at www.EnterpriseCommunity.com or www.EnterpriseCommunity.org.

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Media Contacts

PCDC
Michael Cook, 212.437.3929, mcook@pcdc.org
Enterprise
Jordan Miller, 212.784.5703, jmiller@groupgordon.com