PITTSBURGH, PA (March 19, 2020) The Urban Redevelopment Authority of Pittsburgh’s (URA) Board of Directors this afternoon approved a new program for households at or below 80% Area Median Income (AMI) who have been affected by the economic impact of the COVID-19 pandemic. The COVID-19 Housing Stabilization Fund is designed to provide short-term assistance to workers who have experienced a reduction in hours and are facing a financial hardship to pay rent and utilities.
Beginning Monday, March 23, households in need of rental, mortgage payment, and/or utility assistance, specifically because their work hours were cut due to COVID-19, may call the Urban League of Greater Pittsburgh at 412.227.4163 to be screened for assistance.
"This is obviously a really critical action today and sorely needed at this moment in time and I commend Jessica Smith Perry and the rest of the URA staff for acting quickly and coming up with this program on such short notice," URA Board Chair Sam Williamson said.
To qualify for the COVID-19 Housing Stabilization Fund, households must:
Councilman R. Daniel Lavelle expressed a desire to ensure that the program could help both tenants and homeowners and suggested that the URA reach out to banks and foundations for support.
The program will help tenants at or below 50% AMI to pay rent and utilities and homeowners at or below 80% to stay current on their mortgage payments.
In addition, for mortgage assistance, the homeowner must be living in the house and have his/her name on the deed. The household’s lenders must still be accepting payments and have not yet issued an Act 91 Notice. Final approval for support will include verification that all property taxes are current, and that the homes meet the URA home inspection standard.
Eligible expenses include:
"We’re hoping that this helps to unlock some other funding, as right now it's just seed money. We’ve been working the phones to see if we can somehow maximize this and leverage a bigger pool of capital," said URA Executive Director Greg Flisram.
For additional eligible activities and requirements, please visit the URA’s Housing Stabilization Program guidelines on the Housing Opportunity Fund programs page.
Please visit the URA's COVID-19 resource page for updates.
About the Urban Redevelopment Authority of Pittsburgh (URA)
The URA is the City of Pittsburgh's economic development agency, supporting the City’s economic development goals, which are designed to create a city of inclusive opportunity for residents, stakeholders, and communities. The URA is committed to creating more housing that is affordable to the average Pittsburgher; encouraging more entrepreneurship and small business development; promoting inclusive growth and quality job creation; expanding neighborhood and main streets revitalization efforts; and developing a talented workforce that is equipped with the skills of the future.
Please check here for the latest alerts on the COVID-19 virus.