Renewing Communities; Building Pride.
Restored for Affordable Housing
Manchester Historic District, Pittsburgh.
The restoration of two houses, 1403 and 1405 Pennsylvania Avenue on Pittsburgh's North Side, reflect PHLF's longstanding commitment to maintain quality affordable housing in historic neighborhoods. The houses are now available for sale to individuals whose income does not exceed 120 percent of the area’s median income. For more information about purchasing one of these houses, contact David Farkas, Director of Real Estate Development: firstname.lastname@example.org or 412- 471-5808, ext. 516.
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Lending For Historic Preservation
As the lending arm of PHLF, Landmarks Community Capital Corporation (LCCC)—a non-profit subsidiary— advances the cause of preservation by extending loans to projects that facilitate restoration activities in historic neighborhoods throughout the Pittsburgh region.
Among the projects we have so far financed in 2019 is a $120,000 loan to Debra Smallwood, a retired Army veteran, who lives in the central North Side of Pittsburgh. Ms. Smallwood, who has a passion for working with young people to inspire them toward achieving higher education and employment, approached us for a loan to help her renovate the adjoining house in the duplex where she lives with her daughter.
She hopes to create an affordable rental house in the newly renovated house which she will make available to young people new to the job market on the North Side.
Certified by the United States Department of the Treasury as a Community Development Financial Institution (CDFI), LCC makes sixty percent of its loans in low-to moderate-income neighborhoods to either for-profit or non-profit developers.
Contact Senior Loan Officer, Rob Wagner (email@example.com or 412-471-5808, ext. 538) for more information or if you wish to discuss your project or to apply for a loan.