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Delayed by the Pandemic, Grand Opening Celebration Finally Held for Hattie Kelton Apartments – Jamaica Plain Gazette

Delayed by the Pandemic, Grand Opening Celebration Finally Held for Hattie Kelton Apartments – Jamaica Plain Gazette
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F.N.B. Corporation Invests in Initiatives Serving the Hill District Community of Pittsburgh, Pennsylvania

Press release content from PR Newswire. The AP news staff was not involved in its creation.
F.N.B. Corporation Invests in Initiatives Serving the Hill District Community of Pittsburgh, Pennsylvania
April 27, 2021 GMT
PITTSBURGH, April 27, 2021 /PRNewswire/ F.N.B. Corporation (NYSE: FNB) announced the expansion of its commitment to drive economic development in the Hill District community of Pittsburgh, PA, with a significant investment in programs aiming to connect local businesses and entrepreneurs with essential funding.
Highlighting FNB’s commitment is a $5 million investment in the launch of its new, proprietary Hill District Gap Lending Program, which is designed to address financing gaps for real estate projects in the community. FNB will provide loans of up to $400,000 and flexible lending parameters for local businesses that require additional funding to complete a capital structure so they can move forward with developing or redeveloping community asse ....

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FNB announces $7 million in funding to support Hill District improvements

Courtesy of Gensler
An architect’s rendering of FNB’s 24-story tower surrounded by other planned development on the former Civic Arena property in Pittsburgh’s Lower Hill District.

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As FNB Corp. and the Pittsburgh Penguins work to redevelop the former Civic Arena site that will be anchored by a new FNB headquarters, the company Tuesday announced $7 million in other investments to improve the neighborhood.
A new $5 million gap lending program will provide loans of up to $400,000 so local businesses can expand or locate in the neighborhood. The Hill District Gap Lending Program is designed to help future projects in the area, FNB said. The idea is to serve low- to moderate-income and minority census tracts in the Hill District. ....

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F.N.B. Corporation Invests in Initiatives Serving the Hill District Community of Pittsburgh, Pennsylvania

F.N.B. Corporation Invests in Initiatives Serving the Hill District Community of Pittsburgh, Pennsylvania
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Hill District Stakeholders Worry Rushed Development Of The Lower Hill Jeopardizes The Neighborhood

A rendering of the green space planned next to the proposed 26-story office tower.
The Pittsburgh Penguins and their development partners aim to break ground on a 26-story office tower on the Lower Hill this summer. Many stakeholders are eager to see investment, but want to ensure investment benefits the neighborhood as a whole. At a meeting Monday night, residents noted that while the developers have made numerous reinvestment promises, the specifics remain unclear, and therefore, unenforceable.
As she began the meeting, Hill Community Development Corporation CEO Marimba Milliones said she’s more eager than anyone to see development.
“But we have to make sure we do it in a way that does not wash away the residents of our community, that does not sweep away the culture of our neighborhood,” she said. ....

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