The Primary Care Development Association (PCDC) has been awarded $950,000 by the Treasury Department’s Community Development Financial Institutions (CDFI) Fund.

PCDC is among 302 CDFIs nationwide — the largest number of recipients in the CDFI Fund’s history — to receive a total of $202.2 million in grants and loans.

The awards, part of the FY 2018 CDFI Program round, enable recipients to increase access to capital in low-income and economically distressed communities.

CDFIs attract private investment and multiply the impact of the federal awards to support the delivery of critical services and catalyze revitalization.

PCDC’s award will pilot the nascent Provider Recruitment & Retention loan program, helping address the chronic systemic shortage of clinicians that compromises health care access nationwide.

“PCDC is proud to be recognized among such outstanding organizations, all of them helping advance communities,” said Anne Dyjak, PCDC Managing Director. “For PCDC, this award reinforces our mission to transform and expand primary care in underserved communities to secure health equity. We congratulate all of the recipients, including our many CDFI partners, on this achievement.”

Learn more about how PCDC’s Capital Investment Practice can assist your organization.