PITTSBURGH, PA (October 9, 2019) Affordable housing will be preserved in Highland Park, and affordable units in Homewood will be renovated for those entering the workforce after incarceration, under measures going before the board of the Urban Redevelopment Authority of Pittsburgh on Thursday.
“The affordable housing challenge in Pittsburgh is multifaceted, and requires not only building new housing but preserving the affordability we already have, which keeps long-term residents from being displaced,” Mayor William Peduto said.
The Housing Opportunity Fund’s Rental Gap Program has agreed to a $110,000 loan with Stanton Avenue Associates (a collaboration between the Highland Park Community Development Corp and the Bloomfield-Garfield Corp) to renovate 5635 Stanton Avenue, where there are currently affordable rental units already fully occupied.
The 0%, 15-year loan will be used to complete critical exterior repairs, including removal of rotting wood fascia, exterior painting of all wood surfaces, replacement of exterior doors, and repairs to leaking windows. There will also be interior repairs required due to water penetration from the roof and windows. By making the repairs the affordable units will continue to be preserved for existing residents.
In Homewood, the Trade Institute of Pittsburgh is seeking a $100,000 Rental Housing Development & Improvement Program (RHDIP) loan to rehabilitate units at 7911 Susquehanna Street.
TIP’s pilot Workforce Housing program aims to rehabilitate nearby properties for their students who are reentering the workforce after being incarcerated in order to reduce the risk of homelessness and overcome the hurdles of reentrants obtaining affordable housing.
By rehabilitating 7911 Susquehanna Street, TIP seeks to provide job training and valuable skills to a subset of students who are at risk and offer weekly job search and placement services, trauma-informed counseling sessions, case management support, financial literacy and life skills training. TIP students will be simultaneously living in and renovating 7911 Susquehanna Street while receiving wrap-around services and developing skills that will allow them to one day be financially independent.
Action Housing is working with TIP on this program and will assist in finding permanent, affordable housing once the students are financially stable and can afford to live independently, freeing up the rehabilitated units for other students.