{"id":225256,"date":"2026-06-22T21:21:14","date_gmt":"2026-06-22T21:21:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/225256\/"},"modified":"2026-06-22T21:21:14","modified_gmt":"2026-06-22T21:21:14","slug":"pnc-bank-closes-251-million-fund-to-develop-affordable-housing-across-multiple-states","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/225256\/","title":{"rendered":"PNC Bank closes $251 million fund to develop affordable housing across multiple states"},"content":{"rendered":"<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">PITTSBURGH \u2014 <a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/organization\/pnc\" rel=\"nofollow noopener\" target=\"_blank\">PNC Bank<\/a> announced the closing of a $251.4 million fund focused on the development and preservation of affordable rental housing across the country.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">The Low-Income Housing Tax Credit Fund 104 includes investments from nine financial services and insurance companies, as well as PNC, and reflects PNC Multifamily Capital\u2019s continued commitment to addressing the national shortage of affordable housing through strategic investments and partnerships.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Fund 104 is expected to support 16 multifamily properties nationwide, providing over 1,700 critically needed affordable homes for families, seniors and underserved populations. The portfolio includes a mix of new construction and rehabilitation developments designed to meet local community needs, and spans a diverse geographic footprint including Arizona, California, Kentucky, Minnesota, New Mexico, Nevada, North Carolina, Tennessee, Texas, Virginia and Washington, D.C. Some 75% of the properties will serve families and the remainder will provide homes for senior residents. <\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\"><a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2026\/06\/18\/pnc-closes-251-mil-fund-affordable-housing.html?ana=wpxi\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2026\/06\/18\/pnc-closes-251-mil-fund-affordable-housing.html?ana=wpxi\">Click here to read more from our partners at the Pittsburgh Business Times.<\/a><\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Download the <a href=\"https:\/\/www.wpxi.com\/mobile-apps\/\" rel=\"nofollow noopener\" target=\"_blank\">FREE WPXI News app<\/a> for breaking news alerts.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Follow Channel 11 News on <a href=\"https:\/\/www.facebook.com\/wpxi\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a> and <a href=\"https:\/\/twitter.com\/WPXI\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a>. | <a href=\"https:\/\/www.wpxi.com\/video\/\" rel=\"nofollow noopener\" target=\"_blank\">Watch WPXI NOW<\/a><\/p>\n<p>TOP STORIES FROM CHANNEL 11 NEWS <\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph body-copyright\">\u00a92026 Cox Media Group<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"PITTSBURGH \u2014 PNC Bank announced the closing of a $251.4 million fund focused on the development and preservation&hellip;\n","protected":false},"author":2,"featured_media":136588,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[2313,97830,97828,97831,97829,73,75,74,97832,97827],"class_list":["post-225256","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pittsburgh","tag-affordable-housing","tag-affordable-rental-housing","tag-fund-104","tag-low-income-housing-tax-credit-fund-104","tag-multifamily-properties","tag-pittsburgh","tag-pittsburgh-headlines","tag-pittsburgh-news","tag-pnc-bank-affordable-housing-funds","tag-pnc-pank"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/225256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=225256"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/225256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/136588"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=225256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=225256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=225256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}