Please note that maps will not print from this "Print All Data" view.
To print the maps, you will need to click the links on the main page of the profile and select the applicable print function on your computer.

Community Profile: Reading, PA Metropolitan Statistical Area (MSA)

Introduction

The Reading, PA MSA consists of Berks County and includes the principal city of Reading, which serves as the county seat of Berks County. The MSA is part of the Philadelphia-Camden-Vineland, PA-NJ-DE-MD combined statistical area. The city of Reading is approximately 65 miles northwest of Philadelphia and 60 miles east of Harrisburg.

To view the other sections of this report, click on the links below or the links that appear on the navigation bar on the right-hand side of the page.

Maps

The maps provided below illustrate the location of the Reading, PA MSA and city of Reading. In addition, there are maps that indicate income levels by census tract and areas of concentrated poverty.

E-Mail Notification

Find out when information for community development publications and events is released.

Contact Us

Federal Reserve Bank of Philadelphia
Community Development Studies and Education Department
Ten Independence Mall
Philadelphia, PA 19106-1574

(215) 574-6458 – phone
(215) 574-2512 – fax
info.communitydevelopment
@phil.frb.org

View All Contacts

Community Profile: Reading, PA Metropolitan Statistical Area (MSA)

Historical Information*

Reading was named in honor of its planners' (Richard and Thomas Penn, sons of William Penn, founder of Pennsylvania) hometown, Reading, in Berkshire, England. The town eventually became associated with the Philadelphia and Reading Railroad (P&R). Long before the dawn of the railroad era, Reading boasted an important iron industry, one whose output actually exceeded England's by the time of the American Revolution. Reading saw continuous industrial growth until the 1930s, when its population reached nearly 120,000. At one point, the area was the largest manufacturer of full-fashioned hosiery in the world. From the 1940s to the 1970s, however, the area experienced a sharp downturn in prosperity largely because of the decline of heavy industry and railroads (on which its economy had been built), and a general flight to the suburbs.

Today, the MSA's economy is more diversified, with manufacturing, trade, transportation, education, and agriculture all playing important roles. Among the area's largest attractions is the VF Outlet Village just outside Reading city limits in the West Reading and Wyomissing boroughs. This retail outlet, which draws thousands of tourists every year, was redeveloped in the early 1970s from abandoned textile mills and was one of the first outlet malls in the United States.

Historical data for the Reading, PA MSA can be found at the following websites:

E-Mail Notification

Find out when information for community development publications and events is released.

Contact Us

Federal Reserve Bank of Philadelphia
Community Development Studies and Education Department
Ten Independence Mall
Philadelphia, PA 19106-1574

(215) 574-6458 – phone
(215) 574-2512 – fax
info.communitydevelopment
@phil.frb.org

View All Contacts

Community Profile: Reading, PA Metropolitan Statistical Area (MSA)

Demographics and Economic Data

Included in this section is a brief summary of demographic and economic data. Detailed data can be accessed through the following websites:

E-Mail Notification

Find out when information for community development publications and events is released.

Contact Us

Federal Reserve Bank of Philadelphia
Community Development Studies and Education Department
Ten Independence Mall
Philadelphia, PA 19106-1574

(215) 574-6458 – phone
(215) 574-2512 – fax
info.communitydevelopment
@phil.frb.org

View All Contacts

Community Profile: Reading, PA Metropolitan Statistical Area (MSA)

Demographics and Economic Data

Tables

Figures

Return to the Demographics page for the Reading, PA MSA.

Table 1: Racial Composition of the State of Pennsylvania, Reading MSA, and City of Reading
 
State of Pennsylvania
Reading MSA
Reading, PA
Total Population
12,281,054
373,638
81,201
White alone
85.4%
88.2%
59.6%
Black or African American alone
9.9%
3.5%
11.4%
American Indian and Alaska Native alone
0.1%
0.2%
0.7%
Asian alone
1.8%
1.0%
1.7%
Native Hawaiian and Other Pacific Islander alone
0.0%
0.1%
0.1%
Some other race alone
1.5%
5.3%
21.6%
Two or more races
1.3%
1.7%
4.9%
Total Percentage
100.0%
100.0%
100.0%
Percent Hispanic or Latino in Origin of Total Population
3.2%
9.7%
37.2%

Source: U.S. Census Bureau, “2000 Census – Summary File 3,” http://factfinder.census.gov/home/saff/main.html?_lang=en External Link

Table 2: Distribution of Households by Income of Census Tract Within the Reading, PA MSA
 
Total Households
Low-Income Households
(<50%)
Moderate-Income Households
(50-79%)
Middle-Income Households
(80-119%)
Upper-Income Households
(≥120%)
Tract Income
#
%
#
%
#
%
#
%
#
%
Low Income
10,533
7.4
5,977
19.0
2,033
8.4
1,267
4.5
1,256
2.2
Moderate Income
17,333
12.3
6,069
19.3
4,169
17.2
3,637
12.8
3,458
6.0
Middle Income
92,876
65.6
16,712
53.0
15,318
63.2
19,880
70.0
40,966
71.3
Upper Income
20,867
14.7
2,747
8.7
2,729
11.2
3,609
12.7
11,782
20.5
Total
141,609
100.0
31,505
100.0
24,249
100.0
28,393
100.0
57,462
100.0
Percentage of Households in Tracts of Any Income
 
 
 
22.2%
 
17.1%
 
20.1%
 
40.6%

Source: Federal Financial Institutions Examination Council (FFIEC), http://www.ffiec.govExternal Link

Figure 1: Racial Composition of the Reading, PA MSA

Racial Composition of the Reading, PA MSA

Source: U.S. Census Bureau, “2000 Census – Summary File 3,” http://factfinder.census.gov/home/saff/main.html?_lang=en External Link

Figure 2: Racial Composition of Those Who Reported They Were Hispanic or Latino in Origin Within the Reading, PA MSA

Racial Composition of Those Who Reported They Were Hispanic or Latino in Origin Within the Reading, PA MSA

Source: U.S. Census Bureau, “2000 Census – Summary File 3,” http://factfinder.census.gov/home/saff/main.html?_lang=en External Link

Figure 3: Vacant Housing

Vacant Housing

* Less than 0.1 percent of the vacant housing in the state of Pennsylvania is attributable to migrant workers. No vacant housing in the Reading, PA MSA or the city of Reading is attributable to migrant workers.

Source: U.S. Census Bureau, “2000 Census – Summary File 3,” http://factfinder.census.gov/home/saff/main.html?_lang=en External Link

Figure 4: Highest Education Level by Percent of Population

Highest Education Level by Percent of Population

Source: U.S. Census Bureau, “2000 Census – Summary File 3,” http://factfinder.census.gov/home/saff/main.html?_lang=en External Link

Community Profile: Reading, PA Metropolitan Statistical Area (MSA)

Financial Institutions and Market Share Data

The Community Reinvestment Act (CRA), enacted by Congress in 1977, is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including the needs of low- and moderate-income people.

The term low and moderate income (LMI) is defined by the Federal Reserve Board in Regulation BB, Community Reinvestment, and includes people and communities whose income is less than 80 percent of the area median income. According to the regulation, low income means an individual income that is less than 50 percent of the area median income, or a median family income that is less than 50 percent, in the case of a geography. Moderate income means an individual income that is at least 50 percent and less than 80 percent of the area median income, or a median family income that is at least 50 and less than 80 percent, in the case of a geography.*

Market Share Data and Reports on Lending Institutions

A market share summary report is available through the Summary of Deposits External Link section of the FDIC's website. This report allows the user to determine the deposit market share for each financial institution within any user-defined geographic area. The deposits are based on the branch/office deposits for all FDIC-insured institutions as reported on the annual Summary of Deposit survey for FDIC-insured institutions as of June 30. To obtain a market share report for a specific area, click on the link above. Within the site, select the geographic area and the market share report.

Users can access reports for specific institutions through the FDIC Institution Directory (ID) External Link on the FDIC's website. This directory provides the latest comprehensive financial and demographic data for every FDIC-insured institution, including the most recent quarterly financial statements, with performance and condition ratios. To access a report for an institution, click on the link above. Within the site, select “find institutions” and enter the name or FDIC certificate number for an institution.

Users can also access reports on specific institutions through the National Information Center (NIC) External Link on the Federal Financial Institutions Examination Council's (FFIEC) website. NIC is a central repository of data about banks and other institutions in which the Federal Reserve has a supervisory, regulatory, or research interest, including both domestic and foreign banking organizations operating in the United States. Within the website, select the “Institution SearchExternal Link to obtain information for both current and noncurrent institutions by name and location and select the “FBO SearchExternal Link to obtain information for U.S. branches and agencies of foreign banking organizations (FBOs).

Home Mortgage Disclosure Act (HMDA)

An important source of information about financial institutions' lending patterns in a community is the Home Mortgage Disclosure Act (HMDA) statement. This report is submitted annually to the Federal Financial Institutions Examination Council (FFIEC) and is available to the public for each reporting institution. The types of loans that must be reported are home-purchase loans, for both owner-occupants and nonoccupants; refinancings; home-improvement loans; and loans for improvement and/or purchase of multifamily structures (five or more units). Depository institutions that had at least $36 million in assets on December 31, 2006, in the home or branch office in an MSA must file this report.

Additional information regarding HMDA-reported loan statements is available through the FFIEC's website. External Link Through this website, you can access aggregate HMDA reports at the MSA or national level. You can also obtain a disclosure report for a specific institution.

The following information was developed from aggregated HMDA statements. The tables include all HMDA-reported loans (home purchase, home improvement, refinancing, and multi-family).

Please note that some of the lending institutions listed in the HMDA tables are not depository institutions insured by the FDIC and summary reports for these institutions are not available on the FDIC or NIC websites. More information about these lending institutions can be obtained using a search engine such as Yahoo or Google.

Small-Business and Small-Farm Lending

Starting in 1996, the nation's financial institutions began reporting small-business and small-farm loans as part of their CRA disclosure statements required under the revised CRA regulations. While the information does not have the level of detail of the HMDA statements, it is an important source for understanding commercial lending activity in a community. The types of loans reported include all originations and purchases of commercial loans, lines of credit, and mortgages on nonresidential properties equal to or less than $1 million in size. The loans are reported by size, by geographic location, and for borrowers with annual revenues of $1 million or less. These categories of loans include those with guarantees, such as those provided by the SBA or USDA. Small-farm loans are reported in the same way.

Additional information regarding CRA disclosure statements is available through the Federal Financial Institutions Examination Council's (FFIEC) website. External Link Through this website, you can access aggregate CRA reports at the county, MSA, or national level. You can also obtain a disclosure report for a specific institution and review its CRA rating.

The following information was developed from aggregated CRA disclosure statements. The tables show the reporters’ market share by the number of loans and total dollars originated. They include only originated loans under $1 million, since loan applications and loans greater than $1 million are not reported.

E-Mail Notification

Find out when information for community development publications and events is released.

Contact Us

Federal Reserve Bank of Philadelphia
Community Development Studies and Education Department
Ten Independence Mall
Philadelphia, PA 19106-1574

(215) 574-6458 – phone
(215) 574-2512 – fax
info.communitydevelopment
@phil.frb.org

View All Contacts

Community Profile: Reading, PA Metropolitan Statistical Area (MSA)

Tables for Financial Institutions and Market Share Data

Home Mortgage Lending

Small-Business and Small-Farm Lending

Return to the Financial Institutions and Market Share Data page for the Reading, PA MSA.

Home Mortgage Lending

Table 1: Top 25 Reporters in the Reading, PA MSA in 2006 - All Home Mortgage Originations in MSA
Institution Name
Number of Loans
Market Share %
Total Dollar Amount ($000's)
Market Share %
Average Loan Size ($000's)
SOVEREIGN BANK
1,472
7.6
180,446
8.5
123
COUNTRYWIDE HOME LOANS
1,379
7.1
179,040
8.5
130
WACHOVIA BANK
1,054
5.4
79,514
3.8
75
WELLS FARGO BANK, N.A.
851
4.4
133,599
6.3
157
MORTGAGE AMERICA, INC.
814
4.2
97,402
4.6
120
CITIZENS BANK OF PENNSYLVANIA
692
3.6
33,084
1.6
48
FULTON BANK
630
3.2
59,533
2.8
94
LEESPORT BANK
612
3.1
48,537
2.3
79
NATIONAL PENN BANK
444
2.3
23,108
1.1
52
ABN AMRO MORTGAGE GROUP, INC.
350
1.8
44,955
2.1
128
JPMORGAN CHASE BANK
313
1.6
39,181
1.9
125
NEW CENTURY MORTGAGE CORPORATION
292
1.5
34,665
1.6
119
DIAMOND CREDIT UNION
261
1.3
11,195
0.5
43
WACHOVIA MORTGAGE
251
1.3
34,792
1.7
139
EQUIFIRST CORPORATION
241
1.2
28,964
1.4
120
NATIONAL CITY BANK
237
1.2
26,454
1.3
112
COMMUNITYBANKS
235
1.2
18,056
0.9
77
PENN 1ST FINANCIAL
218
1.1
31,080
1.5
143
BANK OF AMERICA, N.A.
217
1.1
21,674
1.0
100
COUNTRYWIDE BANK, N.A.
216
1.1
14,092
0.7
65
FIRST HORIZON HOME LOAN CORP.
214
1.1
22,293
1.1
104
FLEETWOOD BANK
194
1.0
16,488
0.8
85
BENEFICIAL COMPANY, LLC
190
1.0
17,950
0.9
94
CTCE FEDERAL CREDIT UNION
189
1.0
4,730
0.2
25
RIVERFRONT FCU
184
0.9
5,223
0.3
28
Total of Top 25 Lenders
11,750
60.3
1,206,055
57.4
103
All Lenders (409)
19,490
100
2,114,738
100
109

Source: CRA Wiz, copyright held by PCi Services, Inc., 800-261-3111

Table 2: Top 25 Reporters in the Reading, PA MSA in 2006 - All Home Mortgage Originations to LMI Borrowers in MSA
Institution Name
Number of Loans
Market Share %
Total Dollar Amount ($000's)
Market Share %
Average Loan Size ($000's)
SOVEREIGN BANK
591
9.3
44,162
9.3
75
COUNTRYWIDE HOME LOANS
469
7.4
40,555
8.5
86
WACHOVIA BANK
321
5.0
17,618
3.7
55
CITIZENS BANK OF PENNSYLVANIA
314
4.9
7,223
1.5
23
MORTGAGE AMERICA, INC.
279
4.4
28,113
5.9
101
WELLS FARGO BANK, N.A.
242
3.8
22,842
4.8
94
FULTON BANK
220
3.5
15,514
3.3
71
LEESPORT BANK
201
3.2
12,344
2.6
61
NATIONAL PENN BANK
165
2.6
6,439
1.4
39
NEW CENTURY MORTGAGE CORPORATION
118
1.9
10,886
2.3
92
ABN AMRO MORTGAGE GROUP, INC.
117
1.8
10,689
2.2
91
BANK OF AMERICA, N.A.
108
1.7
7,439
1.6
69
JPMORGAN CHASE BANK
89
1.4
8,508
1.8
96
WACHOVIA MORTGAGE
89
1.4
8,494
1.8
95
EQUIFIRST CORPORATION
80
1.3
7,627
1.6
95
PENN 1ST FINANCIAL
80
1.3
6,036
1.3
75
RIVERFRONT FCU
76
1.2
1,245
0.3
16
NATIONAL CITY BANK
75
1.2
6,310
1.3
84
FIRST HORIZON HOME LOAN CORPORATION
72
1.1
6,053
1.3
84
DIAMOND CREDIT UNION
70
1.1
2,063
0.4
29
CTCE FEDERAL CREDIT UNION
68
1.1
1,181
0.3
17
FLEETWOOD BANK
63
1.0
3,984
0.8
63
BENEFICIAL COMPANY, LLC
61
1.0
4,131
0.9
68
MANUFACTURERS AND TRADERS TRUST
56
0.9
2,006
0.4
36
COMMUNITYBANKS
55
0.9
3,014
0.6
55
Total of Top 25 Lenders
4,079
64.4
284,476
59.9
70
All Lenders (267)
6,377
100
476,991
100
75

Source: CRA Wiz, copyright held by PCi Services, Inc., 800-261-3111

Table 3: Top 25 Reporters in the Reading, PA MSA in 2006 - All Home Mortgage Originations in LMI Census Tracts in MSA
Institution Name
Number of Loans
Market Share %
Total Dollar Amount ($000's)
Market Share %
Average Loan Size ($000's)
COUNTRYWIDE HOME LOANS
343
12.5
21,611
13.2
63
SOVEREIGN BANK
239
8.7
20,088
12.3
84
CITIZENS BANK OF PENNSYLVANIA
147
5.3
3,266
2.0
22
WACHOVIA BANK
136
4.9
5,559
3.4
41
FULTON BANK
123
4.5
7,909
4.8
64
WELLS FARGO BANK, N.A.
117
4.3
6,269
3.8
54
BANK OF AMERICA, N.A.
76
2.8
3,618
2.2
48
MORTGAGE AMERICA, INC.
61
2.2
4,629
2.8
76
EQUITY ONE, INC.
55
2.0
4,965
3.0
90
NEW CENTURY MORTGAGE CORPORATION
46
1.7
3,137
1.9
68
GREENPOINT MORTGAGE FUNDING
46
1.7
2,183
1.3
47
PENN 1ST FINANCIAL
45
1.6
3,117
1.9
69
LEESPORT BANK
45
1.6
2,629
1.6
58
WACHOVIA MORTGAGE
41
1.5
2,732
1.7
67
ABN AMRO MORTGAGE GROUP, INC.
41
1.5
2,475
1.5
60
LONG BEACH MORTGAGE CO.
38
1.4
1,641
1.0
43
HSBC MORTGAGE CORPORATION
36
1.3
1,873
1.1
52
CTCE FEDERAL CREDIT UNION
35
1.3
654
0.4
19
ALLIED MORTGAGE GROUP, INC.
33
1.2
1,470
0.9
45
JPMORGAN CHASE BANK
31
1.1
1,988
1.2
64
COUNTRYWIDE BANK, N.A.
31
1.1
1,023
0.6
33
HOMECOMING FINANCIAL NETWORK
30
1.1
1,514
0.9
50
AMERICAN HOME MORTGAGE CORP.
30
1.1
1,201
0.7
40
BERKSHIRE BANK
29
1.1
2,282
1.4
79
RIVERFRONT FCU
29
1.1
356
0.2
12
Total of Top 25 Lenders
1,883
68.6
108,189
65.8
57
All Lenders (166)
2,752
100
163,773
100
60

Source: CRA Wiz, copyright held by PCi Services, Inc., 800-261-3111

Small-Business and Small-Farm Lending

Table 4: Top 10 Reporters in the Reading, PA MSA in 2006 - All Small-Business Originations in MSA
Institution Name
Number of Loans
Market Share %
Total Dollar Amount ($000's)
Market Share %
Average Loan Size ($000's)
AMERICAN EXPRESS BK FSB
2,471
20.5
8,275
1.9
3
CITIBANK (SOUTH DAKOTA), N.A.
2,076
17.2
9,616
2.2
5
CHASE MANHATTAN BANK USA, N.A.
1,268
10.5
10,542
2.4
8
CAPITAL ONE, F.S.B.
878
7.3
5,781
1.3
7
GE CAPITAL FINANCIAL INC.
819
6.8
3,665
0.8
4
ADVANTA BANK CORP.
676
5.6
7,084
1.6
10
MBNA AMERICA DELAWARE, N.A.
494
4.1
3,351
0.8
7
FULTON BANK
365
3.0
51,354
11.5
141
WACHOVIA BANK
343
2.8
90,491
20.2
264
FIA CARD SERVICES, N.A.
312
2.6
1,865
0.4
6
Total of Top 10 Lenders
9,702
80.4
192,024
43.1
20
All Lenders (70)
12,061
100
447,014
100
37

Source: CRA Wiz, copyright held by PCi Services, Inc., 800-261-3111

Table 5: Top 10 Reporters in the Reading, PA MSA in 2006 - All Small-Farm Originations in MSA
Institution Name
Number of Loans
Market Share %
Total Dollar Amount ($000's)
Market Share %
Average Loan Size ($000's)
FULTON BANK
117
34.1
12,516
43.7
107
LEBANON VALLEY FARMERS BANK
111
32.4
9,396
32.8
85
CAPITAL ONE, F.S.B.
38
11.1
265
0.9
7
COMMUNITY BANKS
11
3.2
1,155
4.0
105
SUSQUEHANNA BANK PA
10
2.9
1,101
3.8
110
BANK OF AMERICA, N.A.-USA
9
2.6
90
0.3
10
NATIONAL PENN BANK
8
2.3
1,219
4.3
152
WELLS FARGO BANK, N.A.
7
2.0
265
0.9
38
CHASE MANHATTAN BANK USA, N.A.
7
2.0
51
0.2
7
MANUFACTURERS & TRADERS TRUST
6
1.8
1,471
5.1
245
Total of Top 10 Lenders
324
94.4
27,529
96.0
85
All Lenders (18)
343
100
28,656
100
84

Source: CRA Wiz, copyright held by PCi Services, Inc., 800-261-3111

Table 6: Top 10 Reporters in the Reading, PA MSA in 2006 - All Originations to Small Businesses in MSA with Annual Gross Revenue Less Than or Equal to $1 Million
Institution Name
Number of Loans
Market Share %
Total Dollar Amount ($000's)
Market Share %
Average Loan Size ($000's)
CITIBANK (SOUTH DAKOTA), N.A.
1,293
26.8
6,430
3.5
5
ADVANTA BANK CORP.
676
14.0
7,084
3.9
10
CAPITAL ONE, F.S.B.
393
8.2
2,553
1.4
6
AMERICAN EXPRESS BK, FSB
290
6.0
2,285
1.3
8
FULTON BANK
254
5.3
26,934
14.7
106
WELLS FARGO BANK, N.A.
237
4.9
6,580
3.6
28
BANK OF AMERICA, N.A.-USA
179
3.7
2,673
1.5
15
MBNA AMERICA DELAWARE, N.A.
152
3.2
1,564
0.9
10
SUSQUEHANNA PATRIOT BANK
134
2.8
9,547
5.2
71
NATIONAL PENN BANK
129
2.7
22,280
12.2
173
Total of Top 10 Lenders
3,737
77.6
87,930
48.2
24
All Lenders (70)
4,823
100
183,092
100
38

Source: CRA Wiz, copyright held by PCi Services, Inc., 800-261-3111

Table 7: Top 10 Reporters in the Reading, PA MSA in 2006 - All Originations to Small Farms in MSA with Annual Gross Revenue Less Than or Equal to $1 Million
Institution Name
Number of Loans
Market Share %
Total Dollar Amount ($000's)
Market Share %
Average Loan Size ($000's)
LEBANON VALLEY FARMERS BANK
110
37.3
8,896
38.1
81
FULTON BANK
104
35.3
10,268
44.0
99
CAPITAL ONE, F.S.B.
30
10.2
193
0.8
6
COMMUNITY BANKS
9
3.1
960
4.1
107
NATIONAL PENN BANK
7
2.4
849
3.6
121
WELLS FARGO BANK, N.A.
7
2.4
265
1.1
38
BANK OF AMERICA, N.A.-USA
6
2.0
75
0.3
13
MANUFACTURERS & TRADERS TRUST
4
1.4
721
3.1
180
SUSQUEHANNA BANK PA
4
1.4
413
1.8
103
EPHRATA NATIONAL BANK
4
1.4
160
0.7
40
Total of Top 10 Lenders
285
96.9
22,800
97.6
80
All Lenders (18)
295
100
23,337
100
79

Source: CRA Wiz, copyright held by PCi Services, Inc., 800-261-3111

Table 8: Number of Loans by Tract Income in the Reading, PA MSA in 2006
Originated Loan
Tract Income as % of MSA Median Income
Low (<50%)
Moderate (50-79%)
Middle
(80-119%)
Upper (≥120%)
Total
Small Business
563
623
8,153
2,440
11,779
Small Farm
0
1
330
8
339
Total
563
624
8,483
2,448
12,118

Source: CRA Wiz, copyright held by PCi Services, Inc., 800-261-3111

Table 9: Number of Loans by Tract Income in the Reading, PA MSA in 2006 - Businesses with Annual Gross Revenues Less Than or Equal to $1 Million
Originated Loan
Tract Income as % of MSA Median Income
Low (<50%)
Moderate (50-79%)
Middle
(80-119%)
Upper (≥120%)
Total
Small Business
210
250
3,298
952
4,710
Small Farm
0
1
284
6
291
Total
210
251
3,582
958
5,001

Source: CRA Wiz, copyright held by PCi Services, Inc., 800-261-3111

Community Profile: Reading, PA Metropolitan Statistical Area (MSA)

Community Organizations

This section provides information about affordable housing, social service, economic development, and community revitalization organizations in the area whose interests, activities, and initiatives improve the housing conditions and employment opportunities of residents. These groups represent potential partners for bankers seeking to more fully address the credit needs of each region's low- and moderate-income people and communities.

The information in this section is obtained directly from the websites of the community organizations.

Alliance for Building Communities (ABC)

Mission

To create community partnerships dedicated to revitalizing neighborhoods by developing safe and affordable housing that fosters independent living and enhances the quality of life for seniors and families.

Year of Origin

A predecessor organization, the Lehigh Housing Development Corporation, was formed in 1975. In 1998, its organizational structure and name were changed to ABC to reflect the fact that the organization not only was developing affordable housing, but also was engaged in building communities.

Core Programs

Service Area

Lehigh, Northampton, Berks, Carbon, Monroe, and Schuylkill counties.

Contact Information

Alliance for Building Communities
830 Hamilton Street
Allentown, PA 18101
Phone: (610) 439-7007
Fax: (610) 439-7888
E-mail: info@housingabc.org E-mail
Website: http://www.housingabc.org/ External Link

Berks Community Action Program (BCAP)

Mission

To provide services to low-income people enabling them to move from poverty to self-sufficiency

Year of Origin

1965

Core Programs

Service Area

Berks County

Contact Information

Berks Community Action Program (BCAP)
518 Washington Street
P.O. Box 22
Reading, PA 19603
Phone: 610-376-6571
Fax: 610-376-0724
E-mail: ckoursaros@bcapberks.org E-mail
Website: none

Community First Fund

Mission

The Community First Fund creates economic growth for its communities by providing equitable financial services, technical knowledge, and advocacy for its customers.

Year of Origin

1992 (Originally called the Susquehanna Valley Community Development Loan Fund)

Core Programs

Service Area

13-county area in central Pennsylvania (Adams, Berks, Chester, Cumberland, Dauphin, Franklin, Lancaster, Lebanon, Lehigh, Montgomery, Northampton, Perry, York)

Contact Information

Community First Fund

Main Office
30 West Orange Street
Lancaster, PA 17603

Mailing Address
P.O. Box 524, Lancaster, PA 17608-0524

Phone: (717) 393-2351
Fax: (717) 393-1757
E-mail: info@commfirstfund.org E-mail
Website: http://www.commfirstfund.org External Link

Diakon Lutheran Social Ministries (DLSM)

Mission

Diakon Lutheran Social Ministries demonstrates God's command to love thy neighbor through acts of service.

Year of Origin

1868

Core Programs

Offers senior living communities and a range of services for children, youths, families, and older adults

Service Area

Pennsylvania, Maryland, and Delaware

Contact Information

Diakon Lutheran Social Ministries
Administrative Services Center
798 Hausman Road, Suite 300
Allentown, PA 18104-9108
Toll-Free: 877-342-5667
Phone: 610-682-1262
Fax: 610-682-1055
Website: http://www.diakon.org/Index.asp External Link

Hispanic Center

Mission

The Hispanic Center of Reading and Berks is a community-based organization that, through its professional, linguistic, and cultural skills, provides services to the Latino community in the city of Reading and throughout Berks County, both directly and in cooperation with other community service agencies and organizations.

Year of Origin

1969

Core Programs

Service Area

Berks County

Contact Information

Centro Hispano
PO Box 8652
Reading, PA 19601
Phone: (610) 376-3748
Fax: (610) 372-2619
E-mail: info@centrohispano.org E-mail
Website: www.centrohispano.org External Link

Housing Development Corporation (HDC)

Mission

To provide quality housing and expand residential opportunities for households with modest incomes. While HDC develops real estate for people of all economic levels, in addition to commercial use, it continues to strive to meet the growing demand for affordable housing.

Year of Origin

1971

Core Programs

Service Area

Lancaster, Dauphin, Berks, York, Lebanon and Chester counties

Contact Information

Housing Development Corporation
439 East King Street
Lancaster PA 17602
Phone: (717) 291-1911
Fax: (717) 291-0987
Website: http://www.hdcweb.com/index.htm External Link

Neighborhood Housing Services of Reading (NHS of Reading)

Mission

Neighborhood Housing Services of Reading (NHS of Reading) is a neighborhood-based nonprofit housing agency that provides or facilitates affordable housing initiatives that will expand homeownership opportunities for all people of Berks County, especially low- and moderate-income families, and will contribute to community revitalization.

Year of Origin

1977

Core Programs

Service Area

Berks County

Contact Information

Neighborhood Housing Services of Reading
213 N. 5th Street, Suite 1030
Reading, Pennsylvania 19601
Phone: (610) 372-8433
Fax: (610) 374-2866
Website: www.nhsreading.org External Link

Reading-Berks Habitat For Humanity

Mission

Reading-Berks Habitat for Humanity is a 501(c)(3) ecumenical Christian charitable organization that exists to create affordable homeownership opportunities with and for low-income families.

Year of Origin

1988

Core Programs

Through volunteer labor and donations of money and materials, Habitat builds and rehabilitates simple, decent houses with the help of the homeowner (partner) families. Habitat houses are sold to partner families at no profit and financed with affordable loans. The homeowners' monthly mortgage payments are used to build future Habitat houses.

Service Area

Berks County

Contact Information

Reading-Berks Habitat For Humanity
336 South 18th Street
Reading, PA 19602
Phone: (610) 373-3439
Fax: (610) 373-1010
E-mail: info@rbhabitat.org E-mail
Website: www.rbhabitat.org External Link

RiverPlace on the Schuylkill (RiverPlace Development Corporation)

Mission

To use the power of the Schuylkill River as a catalyst to unite communities and foster economic development.

Year of Origin

2004

Core Programs

Service Area

Berks County urban core (portions of Reading, West Reading, Wyomissing, Kenhorst, and Bern, Cumru, and Spring townships)

Contact Information

RiverPlace on the Schuylkill
201 Washington Street, "The GoggleWorks," Suite 541
Reading, PA 19601
Phone: (610) 736-3900
Fax: (610) 736-3988
E-mail: Info@RiverPlacePA.com E-mail
Website: www.RiverPlacePA.com External Link

E-Mail Notification

Find out when information for community development publications and events is released.

Contact Us

Federal Reserve Bank of Philadelphia
Community Development Studies and Education Department
Ten Independence Mall
Philadelphia, PA 19106-1574

(215) 574-6458 – phone
(215) 574-2512 – fax
info.communitydevelopment
@phil.frb.org

View All Contacts

Community Profiles

Funding Sources

There are public funds to support affordable housing, social service, economic development, and community revitalization initiatives at the national, state, and local levels. This support can be in the form of a grant, loan, or loan guarantee. The information in this section was obtained directly from the websites of the organizations that administer the programs. Contact each organization for specific information about the programs and services it offers.

Go to the main page of the Reading, PA MSA.

Reading, PA MSA Funding Sources

Berks Economic Partnership

The Berks Economic Partnership (BEP) is a marketing agency that works with other economic development agencies to help retain, attract, promote, and grow economic development in a collaborative manner in Berks County. BEP also helps businesses in Berks County to access financing assistance.

Information about BEP and its programs can be found on the BEP's website. External Link

Berks County Community Foundation

Berks County Community Foundation is a nonprofit that administers charitable funds for a variety of causes. The foundation looks for opportunities to improve the quality of life in Berks County and assists in identifying ways in which the philanthropic sector can contribute. The foundation staff manages more than 350 different funds, External Link each established with a specific purpose determined by the original donor.

Information about the Berks County Community Foundation and the charitable funds it administers is available on its website. External Link

Berks County Community Development Department

The Berks County Community Development Department administers several programs that assist income-eligible residents of Berks County. These programs include rent subsidies, closing cost assistance for first-time homebuyers, and rehabilitation loans.

In partnership with the Berks County Planning Commission, the Community Development Department also provides funding and technical assistance to boroughs and townships.

More information about the programs and services offered by the Berks County Community Development Department can be found on its website. External Link

Berks County Industrial Development Authority

The Berks County Industrial Development Authority works to improve the quality of life for the citizens of Berks County through community and economic development. The authority is authorized to issue industrial development bonds (IDBs) to manufacturing companies for qualified capital projects.

More information about the programs and services offered by the Berks County Industrial Development Authority is available through its website. External Link

City of Reading – Community Development

The Community Development Department is responsible for neighborhood planning, economic development, land development and subdivision review, zoning administration, and historic preservation for the city of Reading. The department also administers the community development block grant (CDBG), home investment partnership (HOME), and emergency shelter grant (ESG) programs.

More information about the Community Development Department and its programs can be found on its website. External Link

Community First Fund

Community First Fund provides loans and technical assistance to small-business owners, affordable housing developers, and community groups and development initiatives in underserved communities in its 13-county service area in central Pennsylvania.

Information about the loan programs and other assistance offered by the Community First Fund is available through its website. External Link

Greater Berks Development Fund

The Greater Berks Development Fund is a private nonprofit that offers financing, real estate, and development services to businesses in Berks County. The fund helps businesses locate, expand and grow in Berks County by providing advisory services in the areas of site selection, relocation, and financing.

Additional information about the services and financing programs available through the Greater Berks Development Fund is available on its website. External Link

Redevelopment Authority, Berks County

The Berks County Redevelopment Authority works to eliminate blight and dangerous conditions in Berks County. The authority is authorized by the Board of County Commissioners and operates independently.

The authority has supported a variety of initiatives, ranging from flood recovery efforts to the management of the county's federal entitlement housing and community development programs. The Redevelopment Authority also focuses on renewing and revitalizing the city of Reading and the borough of West Reading. The authority's activities are coordinated through and with the Berks County Community Development Office.

More information about the Redevelopment Authority can be found on the Redevelopment Authority's website. External Link

Regional Economic Development District Initiatives of South-Central Pennsylvania (REDDI)

REDDI is a federally designated economic development district (EDD) of Pennsylvania. It fosters redevelopment strategies and projects that stimulate economic growth in urban and rural distressed communities through collaboration, facilitation, and building alliances among key stakeholders in the district. REDDI’s primary focus is facilitating and acting as a conduit for Economic Development Administration funding for eligible regional projects.

More information can be found on the REDDI website.

United Way of Berks County

United Way works closely with agency and community partners, volunteers representing all sectors of the community, and donors to identify and address the community's most critical health and human service issues.

The United Way has identified five areas of community needs on which to focus: building self-sufficiency, nurturing children and strengthening families, caring for people in crisis, promoting health and independence, and developing community capacity. The United Way provides funds to partners that support these needs. Additional information is available on the United Way of Berks County's website. External Link

E-Mail Notification

Find out when information for community development publications and events is released.

Contact Us

Federal Reserve Bank of Philadelphia
Community Development Studies and Education Department
Ten Independence Mall
Philadelphia, PA 19106-1574

(215) 574-6458 – phone
(215) 574-2512 – fax
info.communitydevelopment
@phil.frb.org

View All Contacts