URA=20 of Pittsburgh, Pittsburgh Partnership for Neighborhood = Development=20 streamlining neighborhood development funding=20
Pittsburgh=20 Partnership for Neighborhood Development looks to invest in = Uptown,=20 North Side, East End=20
Beer=20 wholesaler buys competitor

The Northside Community Development Fund has garnered its = biggest grant=20 ever, a $4.6 million check to be awarded by the U.S. Department of = Treasury=E2=80=99s Community Development Financial Institutions = Fund.

The funding includes $600,000 expected to help enable the = fund=E2=80=99s parent=20 organization, the Northside Leadership Conference, to acquire the = former=20 Eberhardt and Ober brewery on Troy Hill on behalf of the ownership = group=20 of the Pennsylvania=20 Brewing Co.

The remaining $4 million is a New Market Tax Credit to be used = to help=20 provide bridge financing for the central North Side=E2=80=99s = redevelopment of=20 Federal North, a block of properties that includes the former Garden=20 Theater.

=E2=80=9CWe anticipate that will be committed by the end of = this year,=E2=80=9D said=20 Mark Masterson, executive director of the NSCDF, of the $4 million = tax=20 credit.

This article is for Paid Subscribers = ONLY.

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