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 2020, is an $833,000 construction loan, which together with the City of Pittsburgh’s Urban Redevelopment Authority, created the critical financing stream for the renovation and reuse of this significant historic building in Manchester, on Pittsburgh’s North Side.
The kitchen incubator at Fulton Commons, a 19,000 square foot shared-work community in the former St. Joseph Elementary School. The kitchen is the latest component to open in the Commons, which includes a co-working office, and artist studio spaces.
Fulton Commons, located at 156 Fulton Street, is the brainchild of brothers, Brian and Irwin Mendelssohn, proprietors of Botero Development, a Pittsburgh development firm involved in residential, retail, office, and mixed-use projects.
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.