Community Development Corporations (CDC) Partnerships
The URA partners with many community organizations to implement neighborhood revitalization strategies.
The URA partners with many community organizations to implement neighborhood revitalization strategies. Community Development Corporations (CDCs) are 501(c)(3) non-profit organizations that are created to support and revitalize communities. CDCs aim to improve the quality of neighborhood life by planning and carrying out affordable housing and commercial projects, creating or renovating parks and other community facilities, and running employment and other community development programs.
These efforts are expected to improve neighborhoods by:
- removing blight, thereby making surrounding property more valuable,
- making the leading investments that demonstrate a neighborhood’s potential to other investors,
- and helping arrange multiple and simultaneous investments.
The URA encourages and welcomes CDCs to participate in and collaborate with our many development strategies.
Community Development Investment Fund (CDIF)
The Community Development Investment Fund (CDIF) is designed to assist non-profit, community-based organizations to participate in real estate projects that benefit low- and moderate-income persons. The fund aims to support development of real estate that is idle or underutilized or blighted, providing needed housing and employment opportunities in Pittsburgh neighborhoods. We hope that proceeds from these real estate endeavors will assist community development organizations to become more self-sufficient.
Community Housing Development Organization (CHDO)
CHDO grant funds are available to eligible CHDO organizations for the production of affordable for-sale or rental housing units that are occupied by tenants at or below 80 percent of the area median income (for-sale) or 60 percent of the area median income (rental). A grant in the amount of $3,000 per unit with a maximum of $35,000 per year will be awarded based on fund availability.
To discuss your residential development project with a housing project specialist, contact Shaina Madden, assistant director of Residential & Consumer Lending, at 412.255.6543 or email@example.com.