PITTSBURGH, PA (July 11, 2019) Five affordable housing developments in Pittsburgh were awarded low-income tax credits today, part of 39 such projects around the state receiving the support, Governor Tom Wolf announced.
It marks the largest number of Pittsburgh developments to receive the low-income tax credits in memory, and was a priority of Mayor William Peduto.
A jury of affordable housing professionals gave one Pittsburgh development – North Negley Residences – special “Innovation in Design” recognition for its adaptive reuse of a historic building in Garfield into 45 mixed-income units. Those rental units will incorporate significant energy efficiency and sustainable features, as well as community amenities.
“Tax credits are the best tool we have for funding the construction of affordable rental housing,” Governor Wolf said. “Tax credits provide the incentive for investment, which in turn funds the construction. The end result is more affordable housing options for Pennsylvanians.”
Seeking the 9% Low-Income Housing Tax Credits (LIHTC) from Governor Wolf and the Pennsylvania Housing Finance Agency was one of Mayor Peduto’s top priorities for 2019.
“I want to thank the Governor, PHFA and our local legislative delegation, led by Senators Jay Costa, Wayne Fontana and Lindsey Williams, for this much-needed support of affordable housing citywide,” Mayor Peduto said. “We still have a long way to go, but with their help, the URA’s Housing Opportunity Fund, City Council support and of course the support of our neighborhoods and housing advocates we are doing all we can to keep Pittsburgh a city for all.”
The Pittsburgh developments receiving credits include:
Larimer/East Liberty CNI Phase 4 in Larimer by McCormack Baron Salazar/Allies & Ross Development, which includes the adaptive reuse and historic preservation of the former Larimer School including 35 units of mixed-income housing
New Granada Square in the Hill District by Hill CDC & CHN Housing Partners, which includes new construction of 40 affordable rental units plus approximately 7,200 square feet of first floor retail space
North Negley Residences in Garfield by Beacon Communities Services LLC, Ralph A. Falbo, Inc., MCAPS LLC, which includes partial adaptive reuse of existing classroom structure, development of 45 affordable housing units; integration of the B'Nai Israel Synagogue rotunda/sanctuary building
Flats on Forward in Squirrel Hill South by Action Housing, Inc., which includes new construction of a 6-story, mixed-use building to contain 43 affordable units, retail space, office space, and units for people with disabilities
City’s Edge in Uptown by Midpoint, which includes 70 affordable units and job availability to low-income residents of the development
The full list of statewide recipients of housing funding including LIHTC and other awards is available here.