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F.N.B. Corporation Invests in Initiatives Serving the Hill District Community of Pittsburgh, Pennsylvania


Press release content from PR Newswire. The AP news staff was not involved in its creation.
F.N.B. Corporation Invests in Initiatives Serving the Hill District Community of Pittsburgh, Pennsylvania
April 27, 2021 GMT
PITTSBURGH, April 27, 2021 /PRNewswire/ F.N.B. Corporation (NYSE: FNB) announced the expansion of its commitment to drive economic development in the Hill District community of Pittsburgh, PA, with a significant investment in programs aiming to connect local businesses and entrepreneurs with essential funding.
Highlighting FNB’s commitment is a $5 million investment in the launch of its new, proprietary Hill District Gap Lending Program, which is designed to address financing gaps for real estate projects in the community. FNB will provide loans of up to $400,000 and flexible lending parameters for local businesses that require additional funding to complete a capital structure so they can move forward with developing or redeveloping community asse ....

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FNB announces $7 million in funding to support Hill District improvements


Courtesy of Gensler
An architect’s rendering of FNB’s 24-story tower surrounded by other planned development on the former Civic Arena property in Pittsburgh’s Lower Hill District.
 
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As FNB Corp. and the Pittsburgh Penguins work to redevelop the former Civic Arena site that will be anchored by a new FNB headquarters, the company Tuesday announced $7 million in other investments to improve the neighborhood.
A new $5 million gap lending program will provide loans of up to $400,000 so local businesses can expand or locate in the neighborhood. The Hill District Gap Lending Program is designed to help future projects in the area, FNB said. The idea is to serve low- to moderate-income and minority census tracts in the Hill District. ....

Vincentj Delie Jr , Hill Community Development Corporation , Buccini Pollin Group , Lower Hill First Source Employment Opportunity Center , Hill District Gap Lending Program , Redevelopment Authority Of Pittsburgh , Centre Ave , Pittsburgh Penguins , Civic Arena , Hill District , Neighborhood Allies , Urban Redevelopment Authority , Pollin Group , Hill House , மலை சமூக வளர்ச்சி நிறுவனம் , புக்கினி பொழிலின் குழு , மறுவடிவமைப்பு அதிகாரம் ஆஃப் பிட்ஸ்பர்க் , மையம் அவே , பிட்ஸ்பர்க் பெங்குவின் , குடிமை அரங்கம் , மலை மாவட்டம் , அக்கம் கூட்டாளிகள் , நகர்ப்புற மறுவடிவமைப்பு அதிகாரம் , பொழிலின் குழு , மலை வீடு ,