Pittsburgh Community Reinvestment Group (PCRG)

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• First Annual Community Development Summit – May 25, 2011 Omni William Penn Hotel

  Each spring, the Pittsburgh Community Reinvestment Group (PCRG) hosts an Annual Meeting and Awards Ceremony to celebrate the hard work of our membership and thank our partners for their continued commitment to neighborhoods. Our May 2010 reception at the August Wilson Center attracted more than 270 community leaders and raised substantial funds for neighborhood initiatives. Building… Continue reading »

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• Fall Redd Up

   Has your community group signed up for the Fall “Redd Up?” happening October 15-17 in neighborhoods throughout the region? Contact your neighborhood organization to find out how you can participate. More info here.

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• 1 in 3 Loan Applications Denied

  Nearly one in three borrowers who applied for a mortgage last year was denied as lenders kept their standards tight as the mortgage crisis accelerated, the government reported Wednesday. In its annual look at mortgage practices among lending institutions, Federal Reserve said the denial rate for all home loans was about 32 percent last year… Continue reading »

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• A recent study highlights the effects of foreclosure on mental health

  It’s official: The economy is bad for your health. Researchers at the University of Pennsylvania School of Medicine questioned 250 homeowners going through foreclosure in Philadelphia and found that 47 percent showed symptoms of depression, with 37 percent exhibiting signs of major depression. The rate was especially high considering previous research showed that only about… Continue reading »

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• Public meeting planned for September 17th to discuss the Intercity Passenger and Freight Rail Plan

  A Public Meeting has been scheduled to review the Draft Intercity Passenger and Freight Rail Plan.  The draft plan will include goals, objectives, and recommendations (short and long term) for transportation improvements related to rail in the Commonwealth.  The plan will enable PennDOT to implement a more efficient and effective approach to intercity rail transportation within… Continue reading »

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• National Night Out: Communities take stance against crime

  Many communities will be hosting block parties, cookouts and festivals in celebration of the 26th annual National Night Out Against Crime on Tuesday. Sponsored by the National Association of Town Watch, the goal of Night Out is to raise crime-prevention awareness, increase participation in local anti-crime programs and strengthen police-citizen relationships. Learn more about what events took place… Continue reading »

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• Lessons from California’s Budget Mess

  California’s budget debacle holds a lesson for America, but one we will probably ignore. It’s easy to attribute the state’s protracted budget stalemate, now temporarily resolved with about $26 billion of spending cuts and accounting gimmicks, to the deep recession and California’s peculiar politics. Up to a point, that’s true. Representing an eighth of the… Continue reading »

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• First Niagara to open Pittsburgh office

  First Niagara Financial Group Inc., which recently acquired 57 bank branches in western Pennsylvania, has selected a base for its growing operations in that region. The bank will lease more than 50,000 square feet in the 11 Stanwix Building in downtown Pittsburgh, company officials said Wednesday. About 100 employees will be located there. Read the… Continue reading »

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• Georgia firm rents foreclosures to those who can’t buy

  Tim Cabrera eyes the unwanted artwork gracing the interior walls of the house his company just bought: Long streaks and swirls of red and blue spray paint. The graffiti, probably the work of neighborhood kids, stretches from the kitchen to the upstairs bathroom of the foreclosed home. Even the carpeted staircase has been tagged. “Unbelievable,”… Continue reading »

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• URA helping city school board sell empty buildings

  What could the future be for 22 empty school buildings during a recession in a city that has been draining of people for half a century?  The Urban Redevelopment Authority has taken on the challenge of finding out by becoming the school board’s real-estate agent, Kyra Straussman, the URA’s real estate manager, told about 50… Continue reading »

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