Manchester Renaissance II
In October 2013, Landmarks Community Capital closed on a $292,000 loan and also provided an $80,000 grant towards the restoration of two significant buildings in Pittsburgh’s historic North Side neighborhood of Manchester.
Building on the success of Renaissance I, where LCC provided a $632,000 loan towards the restoration of 10 historic homes, Manchester Citizens Corporation (MCC) is now embarking on Renaissance II, which will see the restoration of buildings located at 1301 and 1401 Columbus Avenue.
Both buildings will have high quality rental units on the upper floors, and live/work space or possibly retail on the first floors. The grant for this work was made possible by TriState Capital Bank through the Neighborhood Partnership Program (NPP) of the Pennsylvania Department of Community and Economic Development.
As part of the NPP, a state tax-credit program that encourages business investment in communities, TriState has committed $600,000 over six years to the program in Manchester.