The Hill Community Development Corporation's mission is to work in partnership with residents and stakeholders to create, promote, and implement strategies and programs that connect plans, policies, and people to drive compelling community development opportunities in the Greater Hill District. Funders who invest in the Hill District provide and assist with the following opportunities:
- Create Quality Affordable Homeownership
- Improve Physical Assets
- Enhance MWBE Job Opportunities
- Add a Sustainable Investment Tool
Investments that create quality affordable homeownership enhance the wealth-building and self-sustainability for residents are essential. In the Hill District, there is a lack of homeownership (75% rental) that stifles individual opportunity, as well as communal growth. Low available inventory is a problem that keeps families in rental situations when they have the means and desire to become owners. Aiding potential homeowners by providing access to quality affordable homes offers greater opportunity for success. It is commonly understood that America's single greatest path to family wealth is the (where appropriate) purchase of the owner-occupied real estate.
The Hill CDC's approach is to protect the existing structures and fabric of the neighborhood by selectively recycling homes on the market or those acquired through the City of Pittsburgh's Property Reserve. In every project, most construction funds are targeted to use Hill District residents and/or employers. Such an approach will ensure an opportunity for the homeowner and the local workforce, and the fostering a stronger community. A typical project is vetted by independent appraisers, inspectors, surveyors, and engineers.
Within 3 years, 20 investments will be made into Hill District structures. These investments will produce quality affordable homes to new or existing Hill District residents that largely come from rental housing. As described in the Greater Hill District Master Plan, the building of community through a sense of ownership will foster sustainability and strength. As each investment is backed by collateral, the risk is substantially mitigated. Recycling vacant structures is an important component of the Master Plan, and the return of capital will be recycled to allow for additional growth opportunities.
- McAuley Ministries
- City of Pittsburgh
- Housing Authority of the City of Pittsburgh (HACP)
- Key Bank
- Neighborhood Allies
- Bridgeway Capital
- First National Bank (FNB)
- The Urban Redevelopment Authority of Pittsburgh
- Dollar Bank
- Northwest Bank
- Duquesne Light
- The Heinz Endowments
- Hillman Family Foundations
- Pennsylvania Department of Community and Economic Development
- PNC Bank