Neighborhood Development

We are in the business of resilient and sustainable neighborhoods – and that starts with putting the right businesses and building projects in right places. 

Our team partners with developers to utilize real estate in a way that benefits our community and its residents. We work with local, neighborhood-based organizations and private developers to create affordable home-ownership opportunities throughout Allegheny County. We do this by providing pre-development loans and construction financing.

Current For-Sale Housing Development Projects Underway Include:

Bonvue Street in Observatory Hill in conjunction with Observatory Hill, Inc.

Woodland Avenue in Brightwood/Marshall Shadeland in conjunction with Brightwood Civic Group

We also work with developers and nonprofits to create affordable rental housing and to redevelop mixed-use buildings in neighborhood commercial districts.

Current Mixed-Use Projects Include:

Observatory Hill / Perrysville Avenue Business District properties in conjunction with Observatory Hill, Inc.

Historic Deutschtown / East Ohio Street Business District Projects in conjunction with East Allegheny Community Council.

We also provide subordinate financing to help private developers close the gap on important and strategic commercial real estate development projects

Strategic Real Estate Projects:

NCDF provided predevelopment, acquisition permanent financing to the Workingman’s Savings Hotel project in the 800 block of East Ohio Street (East Deutschtown Neighborhood)

The Brewery Project (home of Penn Brewing) in Troy Hill