Organization to Now Operate as Neighborhood Community Development Fund
PITTSBURGH, October 5, 2021 – The Northside Community Development Fund today announced that it is now supporting all of Allegheny County under the new moniker of “Neighborhood Community Development Fund.”
Located in Pittsburgh’s Northside, the Neighborhood Community Development Fund serves as a conduit between local communities and the resources they seek – growing and revitalizing neighborhoods through small business support, residential housing and commercial building projects. Previously, this work was concentrated primarily in the Northside neighborhood.
Under its new name, the Neighborhood Community Development Fund will continue to support existing clients, while also aiding those in neighborhoods beyond the Northside and throughout Allegheny County to develop their communities. The organization conducts its work by connecting local business owners and community development organizations with loan opportunities, grant applications, educational resources and strategic counsel.
“We’ve been proud to work as a trusted neighbor for so many in the Northside community for more than 20 years,” said Mark Masterson, executive director, Neighborhood Community Development Fund. “And now, we’re taking that same approach to communities all across Allegheny County to promote economic opportunity and revitalization.”
Since the onset of the pandemic, the Neighborhood Community Development Fund has offered loan payment deferrals and loan forgiveness to most of its loan customers. The Neighborhood Community Development Fund also worked with the Pennsylvania CDFI Network to distribute more than $250 million in grants to small businesses, 50% of which went to historically disadvantaged businesses.
Additionally, the Neighborhood Community Development Fund connected local small businesses with Small Business Administration (SBA) Paycheck Protection Program loans – helping more than 400 small businesses to receive these SBA loans.
For more information on the Neighborhood Community Development Fund and its services, please visit: NCD-Fund.org.
About the Neighborhood Community Development Fund
The Neighborhood Community Development Fund (formerly Northside Community Development Fund) is a neighborhood-focused community loan fund that started in Pittsburgh more than 20 years ago. It helps to create thriving communities for all by promoting economic opportunity and community revitalization. The Neighborhood Community Development Fund also helps underserved populations by providing capital to spur business and job growth, the creation of affordable housing, and the redevelopment of neighborhoods. These activities include opportunities for all members of the community, including racial and ethnic minorities and women.
Mark Masterson, Executive Director
Neighborhood Community Development Fund