Housing Authority steers $4.8 million to proposed apartments

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Housing Authority steers $4.8 million to proposed apartments

The Housing Authority of the City of Pittsburgh [HACP] board voted, at its monthly meeting, to commit $4.8 million to four developers to help to finance 74 new subsidized apartments.

The funding comes from the authority’s allocation of Housing Choice Voucher funds, and is contingent on the developers getting more funding, likely through low-income housing tax credits.

The tax credits would come through the Pennsylvania Housing Finance Agency.

Source: New Pittsburgh Courier - Powered by Real Times Media

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