Financing Sources Available Through PHLF
The Metropolitan Business Loan Fund of Pittsburgh, administered through LCCC, is a private/public partnership designed to provide flexible financing and technical assistance to new and existing businesses, primarily minority owned businesses, which are located in the Pittsburgh metropolitan area.
For nearly twenty-five years, the Preservation Loan Fund, has helped nonprofit and government entities preserve, acquire, rehabilitate and maintain properties that are of historical, architectural, and cultural significance. From 1996 to 2006, forty-seven loans were made from the Preservation Loan Fund, committing over $5 million to preserving architecturally significant buildings throughout the City of Pittsburgh and Allegheny County.
Urban Economic Loan Fund, administered through LCCC, provides equity, debt, and short and intermediate term financing to 501(c)(3) nonprofit organizations and community development corporations for housing, preservation, and economic development activities. The Urban Economic Loan Fund includes new construction, and may be used within a 250-mile radius of Pittsburgh.
Thanks to contributions from its members and from private foundations, the Pittsburgh History & Landmarks Foundation provides matching grants and technical assistance to owners of architecturally-significant historic religious properties in Allegheny County.
The Federal government offers two Rehabilitation Investment Tax Credits: a 20% credit for the certified rehabilitation of certified historic structures and a 10% credit for the rehabilitation of non-historic (meaning not listed in the National Register of Historic Places or a contributing structure in a National Register district), non-residential buildings built before 1936.