PITTSBURGH, PA (July 14, 2016) - Mayor William Peduto proudly announced today that the Wolf Administration has awarded low income housing tax credits to four multifamily affordable housing developments in the City of Pittsburgh.
Low Income Housing Tax Credits provide a dollar-for-dollar federal tax reduction to developers in exchange for the creation or preservation of affordable housing to low income individuals and families.
"These four investments are the result of our strong commitment to building more affordable neighborhoods throughout our city, so that all residents may share in our growing prosperity," said Mayor Peduto.
The four developments that were awarded low income housing tax credits are:
a.m. Rodriguez Associates, Inc., is converting and rehabilitating the former Morningside School into an 85% affordable (46 units) senior development that will include a first floor senior center to be operated by the City of Pittsburgh. Morningside Crossing was selected by a jury of affordable housing professionals for a funding award under the “Innovation in Design” category.
Miller Street Apartments
Bridging the Gap Development LLC is developing a new 36-unit five story apartment building on Miller Street in the Crawford-Roberts neighborhood of the city. This facility will include a program designed to provide job training to residents in partnership with the nearby Energy Innovation Center.
Oakland Affordable Living
Oakland Planning and Development Corporation is developing the Oakland Affordable Living Development that includes both new construction and the preservation of Allequippa Place, one of the first LIHTC developments in Pennsylvania. This is a CDC owned and developed project.
Squirrel Hill Gateway Apartments
ACTION-Housing, Inc.'s development of Squirrel Hill Gateway will include 33 new affordable units, 50% of which will serve residents with intellectual and psychological disabilities, an office for Jewish Residential Services and an expanded Levin Clubhouse. Squirrel Hill Gateway will be in close proximity to public transit and shopping opportunities.
Thursday, July 14, 2016
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