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PHLF combined low-income tax credits with federal rehabilitation tax credits to bring a building from near collapse back to life. The Crescent Apartments includes 23 affordable apartments and is part of a $25 million neighborhood revitalization program.
Crescent Apartments (1904; restored 2010-11)
Kelly Avenue, Wilkinsburg
Historic preservation can be a key to achieving social, cultural, and economic renewal. In all that we do, we are anchored by our mission to identify, save, and use significant places that are 50 years old or more as the key to renewing communities.
Historic preservation is all about real estate development. We do this on a non-profit basis, particularly for affordable housing in historic neighborhoods, and on a market basis through our wholly owned for-profit subsidiary, the Landmarks Development Corporation.
Our purpose in preservation is to not only save buildings but to improve communities by improving the quality of life. We do that, by saving buildings. Through Landmarks Community Capital Corporation, we award loans for restoration of buildings.
Through the Landmarks Development Corporation, we provide contract services in real estate development, construction management, preservation planning, and other fee-for-services work. We offer deep experience in preservation financing and utilizing tools like historic tax credits and preservation easements.
The Pittsburgh region is our classroom. Explore, create, and learn with us. Year-round, PHLF offers a variety of educational programs that bring the Pittsburgh region’s rich history and architecture to life for people of all ages and abilities.