History & Background:

PCRG was formed in 1988 by the Manchester Citizens Corporation with staff assistance provided by Pittsburgh History and Landmarks Foundation. Organized to help foster the Community Reinvestment Act (CRA), a federal law requiring all financial institutions that receive a charter and deposit insurance from the federal government to ascertain and meet the credit needs of all communities from which they take deposits, PCRG works to improve investment opportunities to low- and moderate-income communities in accordance with sound banking practices and responsible public policy.

Since 1988, PCRG has worked with Pittsburgh's major lending institutions and public agencies to develop innovative reinvestment programs targeted to Pittsburgh's low- and moderate-income neighborhoods.