Alyssa Lyon, our community outreach manager, kicked off the event with some news about CARL, PCRG’s mortgage and rehabilitation loan product. In 2017 CARL applicants have closed on homes in Homewood, Garfield, and Manchester, and over 100 inquiries have been made about participating in the program. Sarah Slater, PCRG’s program coordinator, briefed the group on the city’s land bank, followed by an update from Ernie Hogan on PCRG’s 2018 Community Development Summit.
The bulk of the meeting focused on introducing our community members and bank partners to the Neighborhood Housing Tax Credit (NHTC). The bill, which was originally introduced during the Bush Administration, is slated to be reintroduced sometime over the next year. The NHTC, if passed, will function similarly to Low-Income Housing Tax Credit, but for 1-4 family homes. We will continue to monitor the progress of the bill through Congress and advocate for its passage.
The final portion of the meeting was dedicated to development updates from our community members, and we heard from a wide range of groups, including the Wilkinsburg Community Development, Oakland Planning and Development Corporation, and Neighborworks, among others. We encourage all our city and county members to participate in this forum, and we hope to see you at the final MBCC of the year on December 5th.