Pittsburgh Community Reinvestment Group (PCRG) is a coalition of leaders working for economic justice and equitable resources to revitalize the Pittsburgh region.
Since its inception in 1988, Pittsburgh Community Reinvestment Group (PCRG) has acted as a common table for partners across all sectors to collaborate for reinvestment in underserved communities.
Pittsburgh Community Reinvestment Group’s (PCRG) 21st Annual Mortgage Lending Study shows that lending practices, starting well before the Great Recession, disproportionately exposed low-income communities and minority individuals to the disasters of the housing crash and continue to be a barrier to responsible homeownership.
Policy & Advocacy
Pittsburgh Community Reinvestment Group (PCRG) has a history of effectively organizing diverse groups of stakeholders around issues such as bank lending practices, financial literacy, foreclosure prevention, transit issues, and disposition of vacant property.
Working with member organizations to advocate for increased neighborhood investment, Pittsburgh Community Reinvestment Group (PCRG) has been successful in bringing private and public financial resources to distressed neighborhoods in Pittsburgh’s urban core.
Earlier this month Cincinnati-based Fifth Third Bank received news that they have failed to meet the standards set forth the _
"The PCRG’s model of forming strong relationships between neighborhood groups, financial institutions, and local political leaders, has been very successful and is proof of what can be accomplished if all parties work together.”
"…PCRG has helped facilitate the development of mutually beneficial business relationships among its partners by providing a forum for bringing community developers and lenders together to creatively fund projects that may otherwise not have been considered financially viable.”
“Fair lending is a significant issue for our Bank and is central to our position as a mutual institution. The information in the PCRG Mortgage Lending Study illustrates that lending to all communities in Pittsburgh is a priority for us. It is very useful in demonstrating the Bank’s performance to financial regulators and in understanding how our efforts compare with other lenders.”