HACP Board Approves $28,530,000 Investment of Moving to Work Funds in Affordable Housing, Gap-Financing Funds for FY 2026

The Housing Authority of the City of Pittsburgh (HACP) is poised to continue fulfilling its mission to improve the quality of life for all residents with the transfer of nearly $30 million in Moving to Work funds to HACP’s development instrumentality, Allies & Ross Management and Development Corporation (ARMDC) for a number of projects slated for FY 2026.

The HACP Board of Commissioners approved the transfer of $28,530,000 during the Dec. 18, 2025, regular monthly meeting to support the ongoing Choice Neighborhoods Initiative in Bedford Dwellings (the Hill District), redevelopment of Allegheny Dwellings, the Northview Heights Midrise and Community Center project, numerous Project-Based Voucher (PBV) & Gap-Financing investments, and other mixed-finance development endeavors.

The funds will assist in creating more than 400 units of affordable housing, for both new and existing HACP residents.

“Each Fiscal Year, the HACP provides a certain amount of capital funding for ARMDC’s various development projects in order that ARMDC, as HACP’s development arm, can carry out those development projects,” explained JW Kim, HACP’s Interim Chief Development Officer. “Capital funds allocated each year are used either to supplement ongoing development projects or to provide initial funding for new initiatives. It is important to note that the capital funds allocated each year are committed and utilized over multiple years.”

 

A breakdown of the fund allocations is as follows:

• Bedford Redevelopment Phase III (Somers Drive): $5,000,000
• Bedford Redevelopment Phase IV (Herron Avenue): $3,000,000
• CNI Grant for Bedford Dwellings Housing: $6,000,000
• CNI Grant for Administrative and other Fees: $300,000 
• CNI Grant for Neighborhood Critical Community Improvement (CCI) Program: $1,000,000
• Allegheny Dwellings Redevelopment Phase II: $2,000,000
• Northview Midrise Development: $7,730,000
• Northview Heights Community Center: $2,000,000
• Acquisition/Rehabilitation: $1,000,000
• Mixed-Finance Capital Improvement Loan: $500,000

Upon approval of the funds transfer, HACP will collaborate with development and investment partners, as well as residents and community stakeholders, to execute the projects listed above, including planning, pre-development, implementation, and construction, Kim said.

“Some projects, such as Bedford Dwellings and the Northview Midrise, are the fruit of a decade of hard work and commitment of the HACP that includes planning (patiently working with residents, partners, and stakeholders). Some acquisitions and rehabilitation projects will create innovative solutions to the city’s affordable housing shortage and support (CCI program and the Northview Heights Community Center) public housing communities, while others (acquisitions and rehabilitation, mixed-finance capital improvement loan) are part of the HACP’s ongoing efforts to preserve affordable housing,” he added. 

Gap-Financing Program

Since its inception in December 2012, HACP and ARMDC have invested more than $60 million in local affordable housing developments through the Project-Based Voucher/Gap-Financing Program, with nearly 1,000 PBV units either completed, under construction, or in pre-development. (This does not include all of HACP developments. The $60 million figure is solely for gap-financing loans).

In 2024 alone, HACP provided five affordable housing developers (eight development projects) with conditional commitments for 272 PBV subsidies and $15.7 million of gap-financing loans.

Ongoing HACP Gap-Financing and Project-Based Voucher investments in 2026 encompass more than $37 million in gap-financing contributions (including both previous and current funding allocations). Once complete, these developments will add more than 1,000 units of affordable housing throughout the City of Pittsburgh, including 652 PBV units. 

Investments include:

• $1.7 million: The Standard on Fifth, Uptown: 17 PBV units; Developer: Beacon Communities
• $ 1 million: African Queens Apartments, Hill District: 12 PBV units; Developer: ACCDC
• $3.8 million: First & Market, Downtown: 93 PBV vouchers; Developer: Beacon Communities
• $3.2 million: Hazelwood Green-Lytle, Hazelwood: 40 PBV units; Developer: TREK Development Group
• $750,000: Carson Square Apartments, South Side: 8 PBV units; Developer: Standard Communities
• $1.5 million: 800 Penn Ave., Lawrenceville: 42 PBV units; Developer: Hullett Properties
• $1.5 million: 209 9th St., East Allegheny: 44 PBV units; Developer: Hullett Properties
• $1.6 million: Smithfield Lofts, Downtown: 16 PBV units; Developer: Woda Cooper Development
• $3,050,000: 120 Cecil Place, Downtown: 49 PBV units; Developer: Beacon Communities
• $2.2 million: 901-903 Liberty Ave., Downtown: 22 PBV units; Developer, Beacon Communities
• $4.2 million: North Homewood Avenue, Homewood: 30 PBV units; Developer: McCormack Baron Salazar
• $7,625,000: Fifth & Dinwiddie, Uptown: 51 PBV units; Developer: Bridging the Gap Development
• $1,145,459: Melwood Apartments, Oakland: 23 PBV units; Developer: Rising Tide Partners
• $1.5 million: Ross Lofts, Downtown: 46 PBV units; Developer: Woda Cooper Development
• $1.5 million: 421 Seventh Ave., Downtown: 40 PBV units; Developer: CHN & Massaro Properties
• $1.5 million: Carrick Senior Apartments, Carrick: 50 PBV units; Developer: CHN & Amani Christian CDC
• $1.2 million: Hazelwood Green-Blair, Hazelwood: 15 PBV units; Developer: TREK Development Group

  

PBV vouchers only:

• Uptown Flats, Uptown; 34 PBV units; Developer: ACTION-Housing
• The May Building, Downtown; 20 PBV units; Developer: Beacon Communities

“We are very proud of the Gap-Financing Program,” said HACP Executive Director Caster D. Binion. “Not only does it bring more affordable housing to the communities that need it, but it builds important relationships with community organizations and helps them compete with the many large developers in the city.”

For more information on ongoing HACP developments and the Gap-Financing Program, please visit: www.hacp.org/news/ and https://engage.hacp.org/

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Media Contact: Michelle Sandidge, Chief Community Affairs Officer, 412-456-5058 or michelle.sandidge@hacp.gov.