Pittsburgh History & Landmarks Foundation
Nov. 1, 2013
Dear friends,
In early October, we had the pleasure of joining the Manchester Citizens Corporation (MCC) to launch Renaissance II, a community-based initiative to restore more significant buildings in the historic neighborhood of Manchester on Pittsburgh’s North Side, where PHLF was founded almost 50 years ago.
At a press conference to announce the initiative, we were delighted to be joined at a by Allegheny County Executive Rich Fitzgerald, Pittsburgh City Councilman R. Daniel Lavelle, TriState Capital Bank President Bill Schenk, neighborhood residents, and other civic leaders, to continue our work, showing that saving and restoring buildings in dense, historic neighborhood blocks, works.
This time in Manchester, Landmarks Community Capital Corporation—the non-profit lending arm of PHLF—under the leadership of Michael Sriprasert, has created a dynamic financing solution to help create a neighborhood development strategy utilizing the tools of historic preservation.
To that end, LCC recently closed on a $292,000 loan and also provided an $80,000 grant towards the restoration of two significant buildings located at 1301 and 1401 Columbus Avenue in Manchester. This builds on the success of MCC’s Renaissance I initiative, where LCC provided a $632,000 loan towards the restoration of 10 historic houses.
The recent $80,000 grant was made possible by TriState Capital Bank through the Neighborhood Partnership Program (NPP) of the Pennsylvania Department of Community and Economic Development.
As part of the NPP, a state tax-credit program that encourages business investment in communities, TriState has committed $600,000 over six years to our program in Manchester.
Arthur Ziegler, President
Pittsburgh History & Landmarks Foundation
