| Follow Us: Facebook Twitter RSS Feed

Development News

Allegheny County granted tax credits for three affordable housing projects

The Pennsylvania Housing Finance Authority recently approved nearly $2.7 million in federal tax credits for the construction of three affordable housing projects within Allegheny County. 
 
“The need for affordable housing has grown throughout our region, even as units have disappeared,” says County Executive Rich Fitzgerald. “Working cooperatively with partners throughout the County, we have been able to provide additional housing in areas that need it. These developments, though, also are thoughtful in that services and needs residents may have are taken into consideration in the planning.”
 
The three projects include the Heidelberg Apartments, Falconhurst Neighborhood Restoration and the Serenity Ridge development in Plum.
 
ACTION Housing, Inc. and the Autism Housing Development Corporation of Pittsburgh are producing The Heidelberg Apartments development as a unique rental community of 42 units in the Borough of Heidelberg. Half of the units will be reserved for people with autism spectrum.
 
The project is also won an “Innovation in Design” award for its creative approach to affordable housing solutions. Residents will receive  transportation, employment and social services opportunities. The needs of residents with autism spectrum will be met with specialized design features.
 
The Pittsburgh History & Landmarks Foundation is restoring Falconhurst in Wilkinsburg and 33 new units restricted to low-to-moderate-income tenants will result from the project. The development will include 10 one-bedroom apartments, 16 two-bedroom apartments and seven three-bedroom apartments along with a community room, computer facility, laundry room, storage areas and supportive services
 
The development of Serenity Ridge by S & A Homes will provide 62 townhouse units for seniors on a 15-acre site. Serenity Ridge will include 38 one-bedroom apartments and 24 two-bedroom apartments as well as a community room, computer facility, laundry room and tenant storage areas.
 
PHFA awarded $20.4 million in federal tax credits and $8.5 million in federal PennHOMES funding for 24 different developments in the Commonwealth. Those credits will be used to attract more than $185 million of private investments, will create 1,248 rental-housing units for low-to-moderate-income families and will result in 1,002 construction jobs and 745 non-construction jobs.
 
“We were happy to support and partner with the developers on these three projects and are thrilled that each was successful in receiving tax credits,” says Dennis Davin, Allegheny County Economic Development Director. “These projects not only advance the community’s plans, but also provide much needed affordable housing within our county.”

Source: County of Allegheny 
Signup for Email Alerts
Signup for Email Alerts