NEW YORK – With financing from the Primary Care Development Corporation (PCDC), ArchCare Senior Life, a managed long term care program that provides medical care to frail and under-served populations, has opened its first PACE (Program of All-inclusive Care for the Elderly) Center in Central and East Harlem.

PCDC, provided $4.2 million in long-term financing and a $200,000 grant for the project.

"PCDC is delighted to be partnering with ArchCare to finance this important project to provide quality primary care to hundreds of seniors, and address the critical lack of primary care in the Central and East Harlem communities," said Ronda Kotelchuck, PCDC's Executive Director. "We look forward to working on more PACE programs around New York to meet the health care needs of New York's growing senior population."

The 14,000 square foot center on Fifth Avenue between 117th and 118th Streets will provide comprehensive primary care services, and is part of a broader program that providewell coordinated, acute and long-term care services at a cost that is lower than nursing homes. The program is paid for by Medicare and Medicaid and is intended to provide care for individuals who are eligible for nursing home care, but prefer to remain at home for as long as possible. About 2,500 Medicaid-eligible seniors that could qualify for nursing home care live in the area.

About Primary Care Development Corporation
Primary Care Development Corporation (PCDC) is the nation's first and largest Community Development Financial Institution (CDFI) specifically investing primary care (and the only one in New York State). To date, PCDC's programs have leveraged a total investment of $244 million for 78 primary care capital projects in underserved communities across New York State. This investment has transformed 630,000 sq. feet of space into fully functioning primary care practices, while creating 6,600 construction jobs and 2,200 permanent jobs (approximately 4,400 including multipliers). This additional capacity now accommodates an additional 1.7 million medical visits annually by 550,000 underserved New Yorkers. Visit www.pcdcny.org for more information.