FHLBank Pittsburgh, Rep. Summer Lee and Partners Join Rebuilding Together Pittsburgh to Celebrate Ribbon Cutting for Affordable Housing in Rankin, PA
Key Highlights
- ➤FHLBank awarded nearly $5.7 million for Mon Valley housing rehabilitation in 2024-2025
- ➤Six vacant, blighted structures targeted for affordable homeownership restoration
- ➤Rehabilitated homes designated for buyers earning 80% or less of area median income
- ➤First Commonwealth Bank partnered on funding and the Mon Valley Phase IV initiative
Expert Statements
David G. Paulson, President and CEO of FHLBank Pittsburgh
“Increased access to quality, affordable housing is a core outcome of FHLBank’s dual mission.”
David G. Paulson, President and CEO of FHLBank Pittsburgh
“We are proud to support this initiative through multiple funding rounds of our Community Investment Products and are encouraged by the strong regional partnerships formed to not only preserve the existing housing supply, but also to create long-term wealth building opportunities and brighter futures for the families that will live here.”
Travis Renville, CEO of Rebuilding Together Pittsburgh
“We’re deeply grateful to FHLBank and our member bank, First Commonwealth Bank, for this partnership.”
Travis Renville, CEO of Rebuilding Together Pittsburgh
“Their support helps homeowners remain safely in the homes and communities they know and love, while allowing us to bring vacant homes back into use as safe, stable, and affordable places for new homeowners.”
Travis Renville, CEO of Rebuilding Together Pittsburgh
“By reducing blight, returning homes to the tax rolls, and welcoming new neighbors, this work helps strengthen communities in lasting ways.”
Summer Lee, U.S. Representative for Pennsylvania’s 12th Congressional District
“We've got families across the Mon Valley who want to own a home, raise their kids, and build a future right here, but too often, the cost of housing puts that dream out of reach.”
Summer Lee, U.S. Representative for Pennsylvania’s 12th Congressional District
“Meanwhile, we've got vacant houses sitting in neighborhoods that deserve investment and a chance to thrive.”
Summer Lee, U.S. Representative for Pennsylvania’s 12th Congressional District
“I love seeing partners come together to give these homes new life and help working families build stability and generational wealth.”
Summer Lee, U.S. Representative for Pennsylvania’s 12th Congressional District
“I'm grateful to RTP, FHLBank, First Commonwealth Bank and everyone who helped make this happen, and I'm excited to see more of our neighbors get the opportunity to become homeowners.”
FHLBank Pittsburgh, Rep. Summer Lee and Partners Join Rebuilding Together Pittsburgh to Celebrate Ribbon Cutting for Affordable Housing in Rankin, PA
Today, the Federal Home Loan Bank of Pittsburgh (FHLBank) joined Rebuilding Together Pittsburgh (RTP) alongside U.S. Rep. Summer Lee (D-PA-12), First Commonwealth Bank and stakeholders at a ribbon cutting for two Rehab for Resale (R4R) properties, located at 205 and 207 Rankin Blvd., as part of the Mon Valley Phase IV initiative.
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