Avenues of Hope
A holistic model for rebuilding Pittsburgh's Black main streets
The Avenues of Hope Initiative is a place-based, people-first approach that intervenes across all layers of successful, healthy, and sustainable main street development.
This initiative focuses on seven major business corridors, in which the goal is to invest in existing small businesses and residents, supporting the inclusive growth of the neighborhoods.
The Avenues of Hope will be:
- Centers of Black arts and culture
- Mixed-use, transit-oriented, and pedestrian-friendly built environments
- Healthy communities supported by education, health care, senior care, recreation, and human supportive services
The URA is working with the City of Pittsburgh to focus on housing investment, workforce connectivity, commercial corridor activation, façade renovations, and other impactful MWBE and small business support.
Focus Areas for Implementation and Inclusive Growth
Avenues of Hope Victories
Total lending to date: $1,962,400
Avenues of Hope Programs
Small Contractor Line of Credit Program
The Small Contractor Line of Credit Program supports operating construction companies taking on Avenues of Hope projects that require access to working capital. Contractors may be eligible to receive financing of up to 90% of submitted and approved invoices of $25,000 - $100,000 on an annual basis.
Commercial Real Estate Program
The Avenues of Hope Commercial Real Estate Program provides capital to local and minority small businesses and developers in support of Avenues of Hope projects.
Thank you for your interest in the Avenues of Hope Initiative!
Please check back here for additional updates. We’ll post news, details, and opportunities as they become available.
Questions? Please contact Aster Teclay, Avenues of Hope project manager.