Affordable Senior Housing Coming to Pittsburgh
- Jan 20, 2016
Pittsburgh—Affordable senior housing is coming to the city, as the Urban Redevelopment Authority board has voted to approve a new energy-efficient senior housing project in Carrick, which includes the demolition of a former Giant Eagle store at 2920 Brownsville Rd.
The URA approved $1.2 million in loans to support the mixed-income development, Hillcrest Senior Residences, worth $15.7 million. The four-story apartment building will offer 54 one-bedroom and 12 two-bedroom units. Amenities at the Hillcrest Senior Residences include a garden area, computer and library room, fitness room, outdoor terrace space, private room for health services and a laundry room.
“This development underlines Pittsburgh’s commitment not only to our seniors and to affordable housing, but our goal to provide the very best standards of housing to all,” said Mayor William Peduto.
Seven units will be for households with incomes at or below 20 percent of the area median income (AMI), 33 units will be for households with incomes at or below 50 percent of area median income, 16 units will be reserved for households with incomes at or below 60 percent of area median income, and 10 units will be market rate. Eight units will be handicap accessible and two units will serve the hearing/vision impaired.
“This project will be catalytic for the Carrick neighborhood. It is the first multi-million dollar investment right on the main street in decades,” said Councilwoman Natalia Rudiak. “Hillcrest will enable seniors to remain independent and stay in their neighborhood, near family, friends, and the businesses they have patronized all their lives. It’s about providing much needed housing options and preserving the multigenerational fabric of South Pittsburgh.”
The Community Builders Inc., a non-profit urban development organization, will construct Hillcrest Senior Residences. The project is planned to start in March and scheduled for opening in May 2017. TCB has been assembling financing for the project since purchasing the site in 2012.
“TCB is proud to have been part of the neighborhood revitalization landscape in Pittsburgh for more than two decades. With invaluable leadership and support from Mayor Peduto and Councilwoman Rudiak, and pivotal resources from the URA, TCB secured public and private debt and equity that will enable seniors to have a wonderful place to call home in Carrick. We cherish this opportunity to help fulfill our mission to build and sustain strong communities in one of America’s great cities,” said Rob Fossi, who oversees the Mid-Atlantic Region for TCB.
Photos courtesy of Google Images & Mayor William Peduto Official Website