Federal
Home Loan Bank of Pittsburgh awards 2.8 million in grants for affordable
housing development in Western Pennsylvania...
Project: Building United Homeownership Initiative
Member Bank: West View Savings Bank
Project Sponsors: Building United of Southwestern Pennsylvania and
Kingdom Development, Inc.
Project Description: $500,000 for construction and rehabilitation
of 20 homes in Pittsburgh's East End neighborhoods for low- and
very-low-income families...
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Faith-Based lending intiative created for affordable
Housing...
The newly formed entity, Building United of Southwestern Pennsylvania,
calls itself a "nondenominational, faith-based community development
corporation." It will invest in affordable housing and community
development in Allegheny, Beaver, Butler, Fayette, Westmoreland
and Washington counties...
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Find a home at church... Building United doesn't just
help individuals. In Homewood it's reaching out to the whole neighborhood.
Building United is one of the new faith-based initiatives for
western Pennsylvania, which seeks to bring together the compassion
of diverse Christian congregations and the resources of the government
and private sector to create attractive housing options," said
Rev. Frank D. Almade, PhD, Pastor of St. John Vianney Parish in
the Pittsburgh Catholic Diocese. "The willingness of its principals
to work with many partners is a sign that we take our name seriously.
It is a privilege to work alongside my neighbors in this exciting
venture. I am also proud to represent Bishop Donald Wuerl and
the Catholic community in this endeavor.
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