All Posts Tagged:

banking

07-22-2016  | 0 Comments  |  by Alix Levy  |  Published in News

Earlier this month Cincinnati-based Fifth Third Bank received news that they have failed to meet the standards set forth the in the Community Reinvestment Act of 1977 (CRA). The CRA, which was enacted to address decades of banking negligence and redlining in low-income and minority communities, assesses banks primarily in three areas – lending, investment, [...]

05-2-2016  | 0 Comments  |  by Admin  |  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 [...]

03-10-2016  | 0 Comments  |  by Admin  |  Published in Banking, Community Acquisition and Rehabilitation Loan, News, Resources

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 [...]

02-5-2016  | 0 Comments  |  by Admin  |  Published in Banking, News, Policy, Research

This year, the City of Pittsburgh contracted with PCRG to help streamline the implementation of the City’s Responsible Banking Ordinance (RBO), passed in 2012. The Responsible Banking Ordinance brings the lessons of the federal Community Reinvestment Act (CRA) to the local level. When Congress passed the CRA in the 1970s to combat redlining, its premise [...]

02-2-2016  | 0 Comments  |  by Admin  |  Published in News, Newsletter Archives

Table of Contents RCI Community Leader Spotlight: Jamie Cozza, Sharpsburg  Making Our Trips Count: Transit Survey Results Released 6,000+ Reasons Why the Smithfield Superstop Matters Important Dates for the 2016 Community Development Summit Don’t Forget – Submit Your Session for the 2016 Summit! PCRG Partners With City on Responsible Banking Ordinance Implementation February Events and [...]

01-12-2016  | 0 Comments  |  by Admin  |  Published in News, Newsletter Archives

Table of Contents The Power of Place: Sixth Annual Community Development Summit Bank Mergers & Acquisitions Offer Opportunities for Community Input PCRG Welcomes Two New Staff Members Frequently Asked Questions About the CARL Program Tackling Blight Together Gladstone Middle School Ready for Redevelopment January Events and Announcements The POWER of Place: Sixth Annual Community Development [...]

01-8-2016  | 0 Comments  |  by Admin  |  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 [...]

12-16-2014  | 0 Comments  |  by Admin  |  Published in Members, News

PCRG congratulates many of its own, as Pennsylvania Governor-elect Tom Wolf recently announced the members of his transition review teams who will be tasked with reviewing state agencies, commissions, and various issue areas. Ernie Hogan, PCRG’s Executive Director, was selected for the Banking Transition Review Team. Marimba Milliones, Executive Director of Hill Community Development Corporation [...]