Pittsburgh Housing Development Corporation

The Pittsburgh Housing Development Corporation (PHDC) was created to initiate, plan, finance, develop and manage housing development throughout Pittsburgh.

In 1994, the Urban Redevelopment Authority of Pittsburgh (URA) created Pittsburgh Housing Development Corporation (PHDC) after recognizing that large sections of the city and county were not being adequately served by either the private development market or by local community development corporations. The URA charged PHDC with the task of initiating, planning, financing, developing, and managing housing development throughout the City of Pittsburgh, emphasizing on development of affordable housing units in low to moderate income census tracts. PHDC is established as a 501 (c) 3, non-profit corporation, whose Board of Directors is appointed by the URA.

The goal of PHDC is to encourage the growth of, and never supplant, organizations capable of developing affordable and/or market rate housing. PHDC never works in neighborhoods into which we have not been invited and, in those cases where we act as a sole developer, we always solicit the consent of the local neighborhood development corporation. PHDC's development partners have traditionally been well established Community Development Corporations (CDCs), but we have also worked with private developers, faith-based organizations, and other community-based organizations to further the goals of the various city neighborhoods.

Since its inception, PHDC has been involved with the development of nearly 350 units citywide including affordable single family for-sale new construction, market-rate new construction, single family rehabilitations, and multifamily rental developments.

PHDC Financial Statements