Urban Redevelopment Authority of Pittsburgh

We want to hear from you! This month, URA staff presented proposed changes to the Rental Gap Program guidelines to the URA Board for approval at its next Regular Meeting. The proposed changes would increase the maximum loan amounts per project and per unit. Members of the public may submit their feedback until July 3, 2024 at 5:00 PM. Submit feedback here: https://lnkd.in/gMMHdU59

Funds from the URA's historic $30.6 million Affordable Housing Bond issuance are now available to developers through three of the URA’s existing programs, including the Rental Gap Program, the Housing Preservation Program and the pilot Pittsburgh Downtown Conversion Program. The URA and the City of Pittsburgh continue in our ongoing efforts to create a more equitable and affordable housing market so our city residents can thrive, both now and in the future.

We're proud to announce the URA was awarded a three-year $200,000 grant and technical assistance from the prestigious Robert Wood Johnson Foundation (RWJF)! The URA was one of five cohort organizations in the U.S. to receive this funding designed to support community development organizations with recent leadership transitions and to empower "proximate leaders.” The award will support Executive Director Susheela Nemani-Stanger in implementing her strategies and vision of stability and strength for the URA.

Congratulations to Shantell on her new home! The URA is proud to invest in new home buyers in the City of Pittsburgh through our OwnPGH Homeownership Program and the Housing Opportunity Fund's Down Payment and Closing Cost Assistance Program. Affordable homeownership opportunities not only benefit individual homebuyers and their families, but also contribute to the overall health and prosperity of our Pittsburgh community. #HomeownershipMonth #AffordableHomeownership #HousingWithHeart

Yesterday, we celebrated the culmination of years of partnerships and planning that has led to the transformation of the City of Pittsburgh's Larimer neighborhood through the Choice Neighborhoods Initiative, made possible by the U.S. Department of Housing and Urban Development. The completion of Cornerstone Village brings 84 quality, mixed-income apartments and delivers the long vacant Larimer School back to the community. Our affiliate, PEIDC, is in the process of attracting tenants to the new commercial spaces and bringing thriving business to help the neighborhood flourish! 

Today, the URA commemorates Juneteenth, recognizing the end of slavery in the United States and celebrating the significant contributions of the African American community. This day serves as a powerful reminder of the importance of equity, inclusion, and community support in our ongoing efforts to create vibrant and sustainable urban environments. #Juneteenth #DiversityAndInclusion #URACelebrates #CommunityDevelopment #EquityMatters

City of Pittsburgh Housing Opportunity Fund dollars at work! Beacon Communities LLC and Uptown Partners of Pittsburgh have been excellent partners in our shared vision for a more affordable, healthy Pittsburgh community, so we were proud to invest $1.6 million in the construction of the Standard on Fifth. This new, sustainably built apartment building will bring 51 units, 40 of which will be kept affordable, to the uniquely positioned Fifth Avenue corridor in Uptown. Kudos to all partners and lenders who came together to make this a reality!

We are proud to share the early retirement of the Summerset at Frick Park Tax Increment Financing District, effective at the end of this year. This means that the three taxing bodies — Allegheny County, City of Pittsburgh and Pittsburgh Public Schools — will receive a significant, sooner-than-anticipated influx of tax dollars, totaling a combined $1.8 million each year. Additionally, the URA will retire the Centre – Negley TIF District in Shadyside. Thanks to creative tools like Tax Increment Financing, we're able to foster large-scale development and public infrastructure improvements that otherwise would not be financially possible. Read more:

🔹 Welcoming Our Summer Interns to the URA! 🔹 We are delighted to introduce the nine exceptional interns who are joining the URA team this summer. These students bring with them a wealth of knowledge, enthusiasm and fresh ideas. We are excited to see how they will contribute to our projects and learn from our experienced team members. #SummerInternshipProgram #FutureLeaders #LifeAtURA

The URA and its partners are reimagining Downtown Pittsburgh as a thriving and welcoming neighborhood for people of all ages and backgrounds. To make that a reality and boost economic growth, the URA has invested in the transformation of historic Downtown office buildings into multigenerational, affordable living spaces.     Thanks to IndexPGH for covering the progress on Hullett Properties' Triangle Building and Beacon Communities LLC's First and Market conversions.