Westmoreland housing authority seeks OK to use facilities as collateral for renovations
The Westmoreland County Housing Authority could reclassify about 25 percent of its public housing inventory as part of a move to raise as much as $15 million to pay for renovations.
Authority board members last week voted to apply for participation in the Rental Assistance Demonstration Program, a new federal program that transfers public housing units to Section 8 subsidized housing.
The program run by the Department of Housing and Urban Development would reclassify 60,000 units throughout the country, a move that would enable local housing agencies to raise money for capital improvements.
For the authority, the move would affect 503 apartments in New Kensington, Arnold and Lower Burrell.
Authority Executive Director Michael Washowich said residents wouldn't experience direct impact from the bookkeeping maneuver because rents and other services should not be impacted.
The program would allow the authority to post the properties as collateral as well as leverage future rent payments from those apartments to secure bank loans that can be used for renovations.
The authority could receive as much as $15 million in loans, Washowich said.
“This would be an immediate infusion of capital money to make the renovations for a long period of time,” Washowich said.
The authority has more than 1,950 public housing units spread throughout the county.
Tenants in the public housing units pay rent based on their incomes. Section 8 housing tenants receive vouchers for reduced rents.
Tenants in apartments impacted by the potential switch would not experience a change in their rents, Washowich said.
It is unknown when HUD could approve of the switch, Washowich said.
Additional public housing units in other locations of the county could be added if the nationwide program is later expanded, Washowich said.
Rich Cholodofsky is a staff writer for Trib Total Media. He can be reached at 724-830-6293 or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Identities of theft suspects sought by Penn Township and state police
- Westmoreland judge: Contact with advocacy group won’t hamper fairness in drug trial
- Girl, 8, hit by truck in North Irwin, breaks leg
- Grant program targets 7 Westmoreland County towns, including Greensburg, for revitalization
- 1 injured in Mt. Pleasant Twp. accident
- Mt. Pleasant Scout creates drop box for flag disposal
- Latrobe-Unity parks department seeks grant; revamp to cost $112K
- Contract talks to start this week for prison union in Westmoreland
- 40-year-old Latrobe woman used boy, 13, for sex, drugs, police say
- Harhai campaign emails from 2007 under review, Westmoreland County DA says
- At 87, Rostraver man still entertaining polka fans