Bank of New York Mellon has committed $3 million over six years to help revitalize Pittsburgh's Hill District and provide support for the area's underserved residents, the Pittsburgh Tribune-Review reports.
The funds will be distributed through Pennsylvania's Neighborhood Partnership Program, which allows companies that make such donations to receive tax credits totaling 80 percent of the donation. The Hill House Association will help Mellon manage the distribution of the money.
To date, $500,000 of the commitment has been distributed to ten organizations, including the Central Outreach and Referral Center, which received $54,785 to provide additional HIV/AIDS testing and counseling; the Hill District Federal Credit Union, which received $23,835 to help homeowners apply for no-interest home renovation loans; and the Center for Family Excellence, which received $20,000 to provide merit-based scholarships to Hill District high school students.
"It is clear," Hill House Association executive director Evan Frazier told the Tribune-Review, "that all parties involved in this process understand the importance of revitalizing the Hill and have stepped up to the challenge."