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: email@example.com 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 renovation activities in historic neighborhoods throughout the Pittsburgh region.
Among the projects we financed in 2021,— and currently funding— is a $160,000 construction loan to Faith Community Partners LLC, to make facade and interior office renovations of the former GC Murphy Department Store building in Tarentum. The c. 1940 building is located at the corner of Corbet Street and Fourth Avenue, has 30,000 square feet, and is known as The Murphy Building on Corbet Street.
David Rankin, a Tarentum resident, and proprietor of the development contends that the renovation of the building, which has so far attracted three different groups of business tenants, will create an opportunity for renewed business interest in the community.
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 (firstname.lastname@example.org or 412-471-5808, ext. 538) for more information or if you wish to discuss your project or to apply for a loan.