05-20-2016  | 0 Comments  |  by Samuel Su  |  Published in About, Banking, News, Policy, Programs, Resources

Pittsburgh, PA – Today, the following housing, community development, neighborhood, and civil rights groups commended the $16.1 billion Community Development Plan announced by Huntington Bancshares. The plan was developed in an agreement between Huntington Bancshares and members and allies of the National Community Reinvestment Coalition (NCRC) such as the Pittsburgh Community Reinvestment Group. Pittsburgh and [...]

05-2-2016  | 0 Comments  |  by Samuel Su  |  Published in News, Programs, Research

Job Description: RESEARCH ANALYST Background: PCRG, incorporated in 1988, is a nonprofit membership organization of community development corporations (CDCs), community-based organizations (CBOs) and community service groups throughout western Pennsylvania.  We ensure that the Pittsburgh region has one voice, organizing for smart policies for financial lending practices, land use, transit, and infrastructure. In addition to its own [...]

If you’re interested in buying a fixer-upper and would like to learn more about a unique financing option, Pittsburgh Community Reinvestment Group (PCRG) will hold an info session for the Community Acquisition and Rehabilitation Loan (CARL) on Tuesday, May 3 from 6-7PM at East End Book Exchange (4754 Liberty Ave, Pittsburgh, PA 15224). At the info session, we will [...]

The Urban Redevelopment Authority (URA) of Pittsburgh Board of Directors voted on Thursday, March 10, 2016 to expand the Community Acquisition and Rehabilitation Loan (CARL) to an additional 32 census tracts, which means CARL will be available in 48 City of Pittsburgh neighborhoods. Pittsburgh Community Reinvestment Group (PCRG) offers the CARL Program as a part of [...]

03-3-2016  | 0 Comments  |  by Samuel Su  |  Published in Banking, Members, News, Programs, Resources

The March 2016 banking policy update covers our work with the bankers councils, current mergers and acquisitions that will affect the region, and our upcoming trip to Washington DC. Bankers Councils: The bankers councils were created to increase communication between PCRG’s member organizations and the banks that invest in the Pittsburgh region. At the Midtier Bankers [...]

  Is homeownership one of your 2016 goals? The Community Acquisition and Rehabilitation Loan (CARL) could help make that possible. With only a 5% down payment* and  no private mortgage insurance, CARL allows you to affordably buy and rehab the home of your dreams with one loan. Don’t miss the CARL Info Session on Wednesday, January 27 from 6-7PM at [...]

01-8-2016  | 0 Comments  |  by Samuel Su  |  Published in Advocacy, Banking, Members, News, Partners, Research

Josh Silver, Senior Advisor at National Community Reinvestment Coalition (NCRC), recently wrote about “Public Benefits and Bank Mergers” in a Shelterforce blog post. Silver writes, “…a merger represents an important opportunity for community groups to weigh in regarding credit needs in communities and whether banks are meeting these needs.” PCRG writes comment letters on all bank mergers and acquisitions in [...]

We’ve had a lot of questions about the Community Acquisition and Rehabilitation Loan (CARL) since we began the pilot program, and we’ve had even more since our first CARL closings took place. Here’s a look the top five most frequently asked questions about CARL: 1) Who’s CARL? CARL is the guy in the yellow hard hat, [...]

If you’re interested in buying a fixer-upper and would like to learn more about a unique financing option, PCRG will hold an info session for the Community Acquisition and Rehabilitation Loan (CARL) on Tuesday, October 27  from 6-7PM at 1901 Centre Ave., Suite 200 (food will be provided). With only a 5% down payment* and no private mortgage insurance, CARL allows [...]

We have been fine-tuning our pilot program, the Community Acquisition and Rehabilitation Loan (CARL), for the past year, and we are excited to announce that we closed our first two CARL loans! Our CARL borrowers, Lindsay and Kathrin, are eager to get started on the renovations. The CARL program allows borrowers to buy and rehab [...]