Pittsburgh Urban Initiatives: Making Tax Credits a Reality
Pittsburgh Urban Initiatives (PUI), a URA affiliate, catalyzes investments in low income neighborhoods by applying for and facilitating New Markets Tax Credits.
Pittsburgh Urban Initiatives (PUI) is an LLC affiliated with the Urban Redevelopment Authority (URA) of Pittsburgh. The initiative was created in order to apply for and facilitate New Markets Tax Credit (NMTC) deployment for projects in the city and invest in low-income neighborhoods.
Our mission is to strategically invest in office, retail, mixed-use, and community facility developments designed to rehabilitate abandoned and blighted sites to build stronger communities.
How Can You Apply?
Making a Real Impact
To date, PUI has applied for and received $188 million in New Markets Tax Credit allocation for the authority to use in projects in the City of Pittsburgh. Completed projects include:
- 201 Stanwix Street
- East End Community House
- Oak Hill Commons
- Centre Heldman Plaza Shop 'n Save
- Energy Innovation Center
- Gardens at Market Square
- ACE Hotel
- Eastside Transit Oriented Development
- Wood Street Commons
- The Women's Center & Shelter of Greater Pittsburgh
PUI at a Glance:
- Total Project Costs: $603,679,000.00
- Total NMTC QLICI Loans: $130,200,000.00
- Construction Jobs Created: 2,575
- Permanent Jobs Created: 3,332