Multifamily news in Affordable Housing - Pittsburgh

Vintage School’s New Assignment: Mixed-Income Community
Vacant since 1980, the 122-year-old school building will be transformed by Pittsburgh's housing agency into 35 residential units.
Affordable
Affordable Pittsburgh Asset Receives HUD Loan
Maple Ridge, which was acquired by Telesis Corp. this spring, is a 91-unit Class C rental property located in the East Hills submarket.
Affordable
Top 10 Pittsburgh Apartment Owners
The metro's slow-but-steady economic growth is reflected in an insignificant rise in apartment rents and tepid housing demand, with public authorities making up nearly half of the biggest owners.
Market Rate

  • PA Retirement Community Completes Affordable Expansion

    The $10 million project added 48 rental units for residents 62 and over to the existing Windy Hill Village, which houses 179 people.

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    Beacon Communities Buys NDC, $250M Portfolio

    The residential development company now owns National Development Corp. and its 59 properties, most of which are affordable communities. The portfolio is valued at more than $250 million and expands Beacon’s portfolio to 14 states.

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    PNC Bank Closes $100M Affordable Housing Fund

    The new fund will be used to preserve affordable “at risk” rental properties for families and seniors nationwide.

  • Affordable Senior Housing Coming to Pittsburgh

    The Urban Redevelopment Authority board voted to approve funding for a new affordable senior housing project, Hillcrest Senior Residences.

  • New Mixed-Use Neighborhood Development Coming to Pittsburgh’s Hill District

    The city's Urban Redevelopment Authority has approved a $16 million residential and retail development for the historic New Granada Theater Block in the Hill District. The Residences at New Granada Square is a project that involves the construction of a mixed-income, mixed-use building on a vacant site between Wylie and Centre Avenues. The U-shaped structure will offer 16 two-bedroom apartments and 35 one-bedroom units. Out of a total of 51 apartments, 42 units will be affordable to households with incomes at or below 60 percent of area median income; the rest will be rented at market rate. Plans also call for 7,200 square feet of retail space, approximately 25 on-site parking spots and a courtyard.