Pittsburgh Downtown Conversion Program
The Pittsburgh Downtown Conversion Program provides funding to developers for the creation of new affordable housing in Downtown Pittsburgh through the conversion of underutilized office space.
About the Program
The Pittsburgh Downtown Conversion Program (PDCP) will benefit Downtown Pittsburgh by creating new affordable housing via the conversion of underutilized office buildings.
PDCP seeks to make Downtown living accessible to everyone, including low-to-moderate income households earning at or below 80% of the Area Median Income (AMI). Under current conditions, many who work in Downtown cannot afford to live in the neighborhood, or they struggle to find available, affordable units. PDCP creates more quality, affordable housing options and reduces underutilized office space.
Eligibility
Projects must be located within the City’s Central Business District. The project must consist entirely of currently vacant commercial/office space. Involuntary displacement of existing commercial tenants is prohibited. The URA staff must find the project is feasible, based on our underwriting.
Affordability Period
A deed restriction is recorded on the property or properties for which the funds are used. Projects must rent at least 20% of the units to households earning 80% of AMI or below. For PDCP loans, the affordability period is at least 40 years.
How to Apply
You are encouraged to email ResidentialDevelopment@URA.org with any questions before submitting the application.
- Review the Pittsburgh Downtown Conversion Program Guidelines.
- Please email ResidentialDevelopment@URA.org.
If you have questions or need assistance completing your application, please email us.