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.
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.
“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.
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.
ORIGINS and Handmade Arcade will partner to present the ORIGINS Virtual Marketplace featuring a wide range of talented Black-owned creative businesses. Running from June 17th to 20th, this online shopping event will take place on a platform designed and operated by the Handmade Arcade. In conjunction with the virtual marketplace, ORIGINS is partnering with the Kelly Strayhorn Theater to host a pop-up market where locals can meet and buy from these dynamic makers.
"Monmade is growing greener.
The Pittsburgh-based nonprofit has launched sustainablyMonmade, a new initiative intended to refocus the company and inspire products that use repurposed, bio-based, recycled or upcycled materials — and that also promotes a new way of thinking about material production from concept to end-of-life, circular and sustainable practices."
Launched in 2019, ORIGINS aims to improve its impact with expert input from local and national leaders on Black business success while launching new initiatives to help participants thrive in a post-pandemic economy. The addition of fourteen ORIGINS Advisory Group members deepens that commitment. For ORIGINS to fulfill its promise of elevating and empowering Black creatives, the program requires direction and insight from Black leaders in the arts and cultural, small business, and community development sectors.
"The work of local artists and artisans is displayed throughout the building. The developers worked with Monmade to fill the Penn Avenue lobby with local work. Building Bytes, a design and fabrication studio, installed ceramic tiles that “echo existing architectural elements throughout the building,” according to the website."
"With the exception of Bridgeway Capital’s allocation, all the grants those organizations will receive fell under the category of “grants for art projects.” The NEA approved more than $27 million in funding for 1,172 of those kinds of projects for this grant cycle, according to its press release."
Bridgeway Capital’s Creative Business Accelerator delivers curriculum to art students at Westmoreland County Community College to help them realize creative fulfillment, financial resilience, and social impact after graduation and beyond. The Pittsburgh-based Creative Business Accelerator (CBA) and Westmoreland College have teamed up to design and deliver the Arts and Industry Residency (AIR), a one-week course that will empower graduates and transfers to start and sustain creative businesses.
"A popular Johnstown restaurant has announced plans for a $1.2 million expansion that would bring a large outdoor dining courtyard and top floor cigar bar to downtown. The owners of Balance Restaurant, Intrignia Incorporated, say the company bought the three properties located next to Mission Inn Event Space on Main Street."
"From being the historical site where Oliver Hazard Perry’s fleet that defeated the British in the Battle of Lake Erie during the War of 1812 was constructed, to locomotives shipped worldwide after GE Transportation put a stake in the ground at the turn of the 20th century, to an industrial waterfront that featured a shingle factory, a papermill, and a coke plant, Erie has been known as a region that makes things."