In 2016, Pittsburgh established a Housing Opportunity Fund (HOF) to support the development and preservation of affordable and accessible housing within the City’s boundaries. Since that time, the City has agreed to fund the Housing Opportunity Fund with $10 million per year, for twelve years.
The HOF was created in 2016 as a direct result of work completed by the City’s Affordable Housing Task Force. In 2015 and 2016, the City commissioned an Affordable Housing Task Force to study the availability of and the need for affordable housing in the city and to make recommendations concerning how to create and preserve affordable housing in the future. The Task Force identified that there is a shortage of approximately 15,000 units available to households that earn less than 30% of the Area Median Income (AMI) in the city.
In June 2018, a 17-member Advisory Board was appointed by the Mayor and approved by City Council to work with URA staff to create and approve an annual allocation plan which outlines proposed funding levels by programmatic category. Advisory Board Meetings are held the first Thursday of every month at 9:00 a.m. in City Council Chambers and are open to the public.
On September 6, 2018, the Advisory Board approved the annual allocation plan. The plan includes five programmatic areas: Rental Gap Financing, Owner-Occupied Rehab, Down Payment Assistance, Acquisition/Rehabilitation/Resale of Vacant and Abandoned Properties, and Homeless Rental Assistance.
On September 13, 2018 the URA Board of Directors, the Governing Board, gave final approval of the allocation plan. It was then presented to City Council.
To submit a public comment on the 2018 Allocation Plan, email: email@example.com.