Housing Authority steers $4.8 million to proposed apartments

Developing news on the Pittsburgh region’s economy. Below: Allegheny County includes rental assistance in plan for $250 million in CARES funds

by Rich Lord

The Housing Authority of the City of Pittsburgh [HACP] board voted, at its monthly meeting, to commit $4.8 million to four developers to help to finance 74 new subsidized apartments.

The funding comes from the authority’s allocation of Housing Choice Voucher funds, and is contingent on the developers getting more funding, likely through low-income housing tax credits.

The authority’s conditional commitments:

  • $2 million to Bridging the Gap Development to build 23 subsidized apartments in Crawford-Roberts
  • $1.8 million to ACTION-Housing, 23 apartments, East Liberty
  • $600,000 to The Community Builders, 20 apartments, Hazelwood
  • $481,000 to Hazelwood Initiative, 8 apartments, Hazelwood

The tax credits would come through the Pennsylvania Housing Finance Agency. PHFA has advised PublicSource that its usual July announcement of awards is being postponed until August, due to delays caused by remote work necessitated by the COVID-19 pandemic.

 

READ ENTIRE ARTICLE AT:

Develop PGH Bulletins: Housing Authority steers $4.8 million to proposed apartments

 

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