Finances the transformation of a 36,000 sq. ft., vacant retail space into a new medical facility bringing affordable surgical care, imaging services and health and wellness programming to a severely distressed, medically underserved area. The project is part of a larger, separately financed campus that also provides primary care for military veterans, specialty care for people with disabilities, other primary/urgent care and access to fresh, healthy foods.
PCDIC provided NMTC allocation to Valle del Sol (VDS) in the form of working capital in the amount of $20 million. These funds will allow VDS to provide additional healthcare services at five locations in Mesa and Phoenix to meet an increase in demand that was growing even before the ongoing COVID-19 pandemic.
VDS will also use funds to create 31 new, full-time permanent jobs and retain 108 existing jobs. One hundred percent of the 139 jobs will be quality jobs (paying at least the local living wage), with 80% being accessible to low-income persons, and 74% filled by minorities. VDS is a nonprofit organization that has been serving the healthcare needs of underserved communities in Maricopa county since 1970.
