New President Named for Landmarks Community Capital Corporation.
Pittsburgh— We are pleased to announce that Michael Sriprasert, director of Real Estate Development, for the Pittsburgh History & Landmarks Foundation has also been named President of Landmarks Community Capital Corporation. This subsidiary was created in 2007 to undertake various forms of community revitalization activity. Since then, LCC has been repositioned as the lending arm of PHLF and will house all the loan funds, which serve non-profit and for-profit organizations.
Sriprasert, 30, who joined the PHLF staff five years ago, has been active in assisting the Board in this new focus. Under his leadership, LCC has applied for designation as a Community Development Financial Institution from the United States Treasury Department and received a grant from Treasury to help formulate the program.
“I am very excited at the opportunities LCC has to expand lending for preservation related projects in Pittsburgh and beyond. We will be focusing our efforts on increasing the pipeline of deals and raising additional capital for lending,” said Sriprasert.
Significant initial capital to launch LCC was provided by the Sarah Scaife and Allegheny Foundations, charities of Richard M. Scaife.
A graduate of Kenyon College, and Carnegie Mellon University’s Heinz College of Public Policy and Management, Sriprasert is also a 2011 candidate for the Master’s of Business Administration degree at CMU’s Tepper School of Business.