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Bridgeway Capital, UPMC and national funders team on affordable housing loan fund

Bridgeway Capital said it is serving as UPMC’s lending partner for a newly established $7.95 million affordable housing loan fund, created through UPMC’s participation in Accelerating Investments for Healthy Communities, which is funded by the Robert WoodJohnson Foundation for the Center for Community Investment.

Partnerships with UPMC for You and national funders commit over $7 million to increase affordable housing in Pittsburgh

Bridgeway Capital, a Pittsburgh-based Community Development Financial Institution (CDFI), serves as UPMC’s lending partner for a newly established $7,950,000 affordable housing loan fund created through UPMC’s participation in Accelerating Investments for Healthy Communities, an initiative funded by the Robert Wood Johnson Foundation for the Center for Community Investment. The affordable housing loan fund combines capital commitments from UPMC for You, Bridgeway Capital, and the Kresge Foundation to offer flexible loans that enable more quality, affordable housing to be built in the City of Pittsburgh. Ultimately, this initiative will contribute to over 330 rental homes for low-income Pittsburghers.

Monmade helps Pittsburgh-area makers think green with new sustainability initiative

“A lot of the businesses we work with do a lot of sustainable things already, but they’re not marketing it,” said Monmade director Katie Schaible. “We saw the potential to highlight the things that they’re already doing, assess things they could be doing better and give them opportunities to create products that can be sustainable, and help bring them money but don’t harm the environment.”

One of the first ways sustainablyMonmade put its mission into action was with its One Green Product design competition this spring. Monmade challenged makers to come up with something for the built environment that combined design, innovation, sustainability and local impact.

Fashion find of the week: Origins market a chance to shop handmade creations by Black artists

Browse and buy handmade creations by Black-owned creative businesses from across the region during the Origins Virtual Marketplace, which goes live online today and runs through Sunday. For a chance to shop in person, stop by the Kelly Strayhorn Theater in East Liberty on Saturday.

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Over $7 MM Committed to Affordable Housing in Partnership with UPMC and National Funders. Read how the the affordable housing loan fund combines capital from UPMC for You, the Kresge Foundation, and Bridgeway Capital to build more housing in Pittsburgh. -

Emmett Wilson, real estate developer and owner of Shaw-Wil Properties, doesn't always think of himself as a role model. But he readily shares decades of wisdom about his career, his youth in Homewood and Larimer, and his lessons in entrepreneurship.

Emmett Wilson's passion is transforming distressed properties into affordable housing for families. When he reached out to us about restoring a distressed quadplex in Braddock, it was a natural fit to work together. Watch his story

Bridgeway's Creative Business Accelerator supports the entrepreneurial artists, designers, makers, & craftspeople building businesses that impact the regional economy in meaningful ways through intentional programs. Follow their Instagram and Facebook @creativebusinessaccelera...