Salisbury: More than $5 million in new funding and tax credits awarded to support affordable housing in Homewood, Wilkinsburg

Rep. Abigail Salisbury    July 16, 2024 | 12:47 PM

BRADDOCK, July 16 – Combined tax credits and funding of more than $5 million will support work on two major housing projects in Homewood and Wilkinsburg, state Rep. Abigail Salisbury announced today.

“Stability, security, easier access to jobs and community programs – all depend on the availability of affordable housing,” said Salisbury, D-Allegheny. “I’m excited about the new funding and reservation of tax credits to leverage investments in these projects because they are going to connect more residents with safe new living spaces and the benefits that go along with that.”

Salisbury said the details of the projects and funding, awarded through the Pennsylvania Housing Finance Agency are as follows: 

  • North Homewood development, 7206 Tioga St: Construction of one four-story, 79,478-square-foot, general occupancy building that will include 21 one-bedroom units, 22 two-bedroom units, and 15 three-bedroom units, including nine accessible units.

    The project is supported by conditional reservation of $1.43 million in Low Income Housing Tax Credits, plus an additional $1 million in Pennsylvania Housing Tax Credits and $750,000 in National Housing Trust Fund funds.
  • Legacy Wilkinsburg development, Hunter Street: Construction of four general occupancy two- to three-story buildings totaling 49,075 square feet that will include eight one-bedroom units, 22 two-bedroom units, and eight three-bedroom units, including six accessible units.

    The project is supported by conditional reservation of $1.43 million in Low Income Housing Tax Credits and $477,837 in National Housing Trust Fund funds.

More information about the PHFA funding statewide is available here: https://www.phfa.org/forms/press_releases/2024/phfa-lihtcawards-final-07112024.pdf.