Landmarks Community Capital Seeks Input in Application for Funds

Landmarks Community Capital Corporation (LCC) — a non-profit lending subsidiary of our organization — advances historic preservation by helping to finance real estate development projects that facilitate renovation of buildings in low-to-moderate-income and historic neighborhoods and communities in the Pittsburgh region.

Certified by the United States Department of the Treasury as a Community Development Financial Institution (CDFI), LCC utilizes its preservation lending to help improve different communities in Western Pennsylvania.

During the two-year period of extreme social distancing related to the ongoing Covid-19 pandemic, analytical data indicates that many of the communities we serve have been disproportionately impacted in areas concerning housing, access to healthcare, jobs, mental health providers, and the ability of small business to operate.

In 2021, Congress authorized approximately $1.73 billion for the 2022 Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to help communities all across the country respond to the economic impact of the Covid-19 pandemic.

Their organization is applying for funds from the CDFI Equitable Recovery Program (CDFI ERP) to help increase the capital available and our capacity to serve the communities where our loans are much-needed by a diverse range of business owners and developers.

As part of this process, they are seeking input on how these funds can be best utilized in our community service area. Please contact their Senior Loan Officer Rob Wagner: rob@phlf.org or 412-471-5808, ext, 538 to give us your thoughts as part of the open comment period of our application.