State agency approves $1.2M for Allegheny County housing projects
The Pennsylvania Housing Finance Agency has approved more than $1.2 million for a wide range of housing projects in Allegheny County.
“The dollars approved for these projects will serve as the foundation for improving our housing stock, creating greater accessibility to services and enhanced security for vulnerable populations,” state Sen. Jay Costa, D-Forest Hills, said. “These are incredibly important funding streams that will help change lives and generate opportunities.”
Projects receiving funding and tax credits are:
• Emerald Hills Retirement Residence in Penn Hills, will use tax credits of $1.2 million and nearly $950,000 in affordability and rehabilitation enhancement funds for construction of a building with 52 units for those 62 years of age of above;
• Advantage Credit Counseling Services, Financial Empowerment for Veterans, are slated to use $15,000 in affordability and rehabilitation enhancement funds to provide financial counseling and coaching for 150 veterans;
• Oakland Community Land Trust will use the $100,000 in affordability and rehabilitation enhancement funding to provide affordable housing opportunities for low-to-moderate income families. The trust rehabilitates blighted, abandoned and at-risk homes to make them move-in ready.
Brian C. Rittmeyer is a Tribune-Review staff writer. You can contact Brian at 724-226-4701, [email protected] or via Twitter .