HACP, ARMDC Commit Over $33 Million to Project-Based Voucher/Gap Financing Sites Across the City to Further Affordable Housing Availability for Pittsburgh Families and Support Allegheny County’s 500in500

June 6, 2024

HACP and local officials held a ribbon-cutting ceremony in June 2023 to celebrate the addition of The Carina, formerly the B’Nai Israel Synagogue in Garfield, to its list of developments.

The Housing Authority of the City of Pittsburgh (HACP), along with its development arm, the Allies & Ross Management and Development Corporation (ARMDC), have invested in the HACP’s Project-Based Voucher (PBV)/Gap Financing Program since December 2015.

More than $33 million and nearly 380 PBV units of housing completed or under construction to date, the program supports innovative affordable housing developments in neighborhoods across the City of Pittsburgh. In 2023, HACP provided 12 affordable housing developers with additional conditional commitments: 313 PBV subsidies and $24 million of gap financing loans. The program encourages all levels of affordable developers, including community-based organizations, to invest in their communities by preserving and developing affordable housing. It offers vital support to qualified developers and owners by providing both development financing and project-based operating subsidies.

“We continue to use every tool at our discretion in order to meet the growing demand for affordable housing,” said HACP Executive Director Caster D. Binion. “Many local organizations are interested in developing affordable housing around the city. Expanding the Gap Financing Program gives them the opportunity to step up to the plate and take the lead in shaping the communities they call home.”

The Gap Financing tool will also be used to support Allegheny County’s 500in500 initiative announced Thursday by Allegheny County Executive Sara Innamorato. 500in500 is an initiative to help people in the county, including the City of Pittsburgh, out of homelessness by making 500 affordable housing units available in 500 days.

The following PBV/Gap Financing project list is current, as of early 2024, and have been approved by the HACP Board of Commissioners:

$829,884 – Elmer Williams Square, Larimer, 37 PBV Units. Developer: Taylor Construction. (Completed)
$419,998 – Miller Street Apartments, Hill District, 9 PBV Units. Developer: Bridging the Gap Development. (Completed)
$3,984,900 – Lemington Senior Apartments, Lincoln-Lemington-Belmar, 54 PBV Units. Developer: Beacon Communities. (Completed)
$1,000,000 – New Granada Square, Middle Hill, 10 PBV Units. Developer: CHN Housing Partners. (Completed)
$1,095,000 – The Carina (also known as, North Negley Residence), Garfield, 13 PBV Units. Developer: 327 NN, LLC. (Completed)
Harvard Beatty Housing, East Liberty, 8 PBV Units. Developer: TREK Development Group. (Completed)
Ground was broken in June 2023 for the Cedarwood Homes Project-Based Voucher/Gap Financing project in the Fairywood neighborhood of Pittsburgh’s West End.
$2,160,000 – Cedarwood Homes, Fairywood, 24 PBV Units. Developer: Tryko Partners. (Completed)
$2,250,000 – Letsche School, Hill District, 25 PBV Units. Developer: Beacon Communities. (Under Construction)
The former Gladstone Middle School in Hazelwood contains 20 PBV units, and is currently under construction.
$1,000,000 – Gladstone Residences, Hazelwood, 20 PBV Units. Developer: The Community Builders. (Under construction)
$2,070,000 – Stanton-Highland, Highland Park, 23 PBV Units. Developer: ACTION Housing. (Under construction)
$1,700,000 – The Standard on Fifth, Uptown, 17 PBV Units. Developer: Beacon Communities. (Under construction)
$3,200,000 – Hazelwood Green, Hazelwood, 40 PBV Units. Developer: TREK Development Group. (In the pre-development stage)
$2,700,000 – Oakland Pride, Oakland, 30 PBV Units. Developer: SeniorCare Network, Inc. (In the pre-development stage)
$1,920,000 – 4800 Block of Second Avenue, Hazelwood, 22 PBV Units. Developer: The Community Builders. (In the pre-development stage)
$1,350,000 – North Homewood, Homewood, 25 PBV Units. Developer: McCormack Baron Salazar. (In the pre-development stage)
$990,000 – Legacy Village, Perry South, 13 PBV Units. Developer: Legacy Village, LLC. (In the pre-development stage)
$8,481,528 – Crawford Square, Crawford Roberts, 60 PBV Units. Developer: Crawford Roberts. (In the pre-development stage)
$1,000,000 – African Queen Apartments, Middle Hill, 12 PBV Units. Developer: ACCDC. (In the pre-development stage)
$4,850,000 – Fifth & Dinwiddie, Uptown, 35 PBV Units. Developer: Bridging the Gap Development. (In the pre-development stage)
$1,200,000 – 2531 Brownsville Road, Carrick, 12 PBV Units. Developer: CHN Housing Partners. (In the pre-development stage)
$2,050,000 – 120 Cecil Way, Downtown, 25 PBV Units. Developer: Beacon Communities. (In the pre-development stage)
$3,800,000 – First & Market, Downtown, 93 PBV Units. Developer: Beacon Communities. (In the pre-development stage)
$750,000 – Carson Square Apartments, Southside, 8 PBV Units. Developer: Standard Communities. (In the pre-development stage)
$1,300,000 – Carrick Senior Apartments, Carrick, 13 PBV Units. Developer: CHN Housing Partners. (In the pre-development stage)
$1,600,000 – 421 Seventh Ave., Downtown, 16 PBV Units. Developer: CHN Housing Partners. (In the pre-development stage)
$1,600,000 – Smithfield Lofts, Downtown, 16 PBV Units. Developer: Woda Cooper Development. (In the pre-development stage)
$2,880,000 – The Bethel, Lower Hill, 32 PBV Units. Developer: Bethel WPP Group. (In the pre-development stage)

“Using all of the tools available to expand affordable housing in Pittsburgh is critical for us to build a city where everyone can thrive,” said Mayor Ed Gainey. “This program creates more opportunities to expand affordable housing, so everyone can continue to live and work in Pittsburgh – and ensure that we bring affordability to more neighborhoods, help rebuild communities, and connect people to new areas of economic opportunities.”

Contact: For more information, contact Michelle Sandidge, Chief Community Affairs Officer, at michelle.sandidge@hacp.org or 412-456-5058.