URA Announces 2022 Annual Report is Now Online
The Urban Redevelopment Authority of Pittsburgh (URA) announced at the May 11, 2023, URA Board meeting that the 2022 Annual Report is now online on the URA website. The Annual Report highlights the URA’s impact in the City of Pittsburgh in 2022.
The URA works with the City of Pittsburgh to advance shared strategic economic development goals, which are designed to create a city of inclusive opportunity for residents, stakeholders, and communities.
In 2022, the URA invested over $12.7 million into the creation and preservation of at least 511 units of affordable and workforce rate housing, with the goal for all Pittsburghers to have a safe, healthy place to call home. The URA also notably assisted 466 renters and homeowners with housing legal assistance and helped 66 new homeowners buy their first home through down payment assistance.
The URA and its affiliate Invest PGH invested over $5 million and closed a total of 48 business loans and grants with local business owners who were starting up or growing their business. Ninety percent of the businesses were led by a minority or woman business owner.
In its effort to strengthen neighborhood business districts, the URA supported 22 community-based organizations with $468,896 in grant funding to advance neighborhood-scale projects that improve quality of life. The URA also invested $249,210 in storefront and home façade improvements.
The URA invested a total of over $64 million into 56 active developments ranging from community-based to more large-scale development. These investments will leverage additional public, philanthropic and private capital to reach long-term project costs expected to total $673 million once they are complete.
To read more stats and stories of URA impact in 2022, view the 2022 Annual Report online.