Pittsburgh Awarded Record Number Of Low-Income Tax Credits

The Pittsburgh Metro Area has one of the lowest rates of African American home ownership in the country, according to the Zillow real estate firm.
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PITTSBURGH (Newsradio 1020 KDKA) The City of Pittsburgh has been awarded a record number of low-income tax credits, which aims to bring more affordable housing to the city.

It was announced Thursday by Gov. Tom Wolf and the Pennsylvania Finance Housing Agency that a record six affordable housing developments in Pittsburgh will be receiving tax credits.

Pittsburgh Mayor Bill Peduto stated that it has been hard to find housing in the city, and the COVID-19 pandemic has only made it harder.

“I want to thank Governor Wolf for delivering these credits, which are the most powerful weapon we have to advance affordable housing in Pittsburgh,” Mayor Peduto said. “Finding housing has been a major issue in the city the past several years, and has become even more burdensome with the economic devastation of the pandemic, so these credits are all the more necessary and welcome.”

The redevelopment projects that will be receiving the credits are:

  • Larimer CNI Phase III by McCormack Baron Salazar/Allies & Ross Development, for new construction of 37-unit mixed income, mixed use (4,800 sq. ft. commercial space) building on Larimer Avenue @ Meadow Street building plus 5 townhomes on Winslow Street (total 42 units; 33 affordable)  
  • Gladstone Residences by Hazelwood Initiative & The Community Builders, for adaptive reuse and historic rehabilitation of a portion of the former Gladstone School into 53 mixed income apartment units (44 affordable; 9 market rate)  
  • Garfield Highlands by Bloomfield Garfield Corp./Gatesburg Road Development, for scattered site, lease to own program on North Aiken, Kincaid, Hillcrest and Rosetta Streets  
  • Harvard Beatty by Trek Development Group, for new construction of 42-unit mixed income apartment building to complete Mellon's Orchard South development (32 affordable; 10 market rate units); provides replacement housing for former Penn Plaza residents  
  • Cal-Bride by Northside Properties R & S LLC, for new construction of 42 affordable units as replacement housing for final phase of Northside Properties; 30 unit apartment building @ California & Kirkbride; 5 duplexes and 2 detached houses  
  • Burrows Views by BCJ Partners II LLC/(Corcoran Jennison/Beacon Communities/HACP), for new construction of 123 mixed income units to improve the economic integration of the Oak Hill community 

The projects that awarded are supported by over $5 million in preliminary commitments from the Urban Redevelopment Authority (URA) of Pittsburgh.

The announcement Thursday follows successful affordable housing initiatives set forth by the URA’s Housing Opportunity Fund.