PNC Community Development Banking is devoted to improving low-to-moderate income neighborhoods and the quality of life for residents... |
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Offers a wide array of products
and services including:
- Financial Education — PNC developed an award-winning financial education curriculum to teach you everything about money from budgeting to investing.
- Consumer Products — After listening to customers, PNC designed deposit products and lending programs that meet the specific needs of those with low-to-moderate incomes.
- Community Development Lending — For those who dream of building a better community, PNC responds with creativity and flexibility through various financing options along with a collaboration with local, state, and federal agencies to find the funding that you need.
- Community Development Investments — To stimulate community and economic revitalization, we formed PNC Community Partners, Inc. - our own community development corporation. Through strategic investments, we provide nontraditional capital to high-impact development projects.
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PNC Community Development Banking has helped various neighborhoods through the use of our vast array of products and services.
Here are just a few:
- Kingsley Association — This Pitttsburgh-based social service agency was searching for a new home and PNC recognized the value that this organization brought to the community by providing $4.4 million in construction and bridge financing. The new facility will allow 14,000 low-to moderate income households to have access to a computer lab, childcare center, gymnasium, and a youth lounge.
- Project H.O.M.E. — When Philadelphia’s Project H.O.M.E. founder Sister Mary Scullion approached PNC to acquire a building the bank had foreclosed on in order to expand her organizations’ mission to provide housing for those in need – PNC sold it to her for one dollar. From that transaction forward, the relationship between Project H.O.M.E. and PNC has continued to grow. In fact, PNC provided a $1.2 million line of credit for working capital and bridge financing to the organization as it grew into a nationally recognized housing developer and service provider.
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