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 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.
For more information about PUI and the NMTC program, please contact Rebecca Davidson-Wager at firstname.lastname@example.org.
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:
$6 million investment into Mill 19
$6 million investment into City of Asylum
$2 million investment into The Proud Company
$6 million investment into 7800 Susquehanna Street
Photo courtesy of Bridgeway Capital
PUI at a Glance:
- Total Project Costs: $747M
- Total NMTC QLICI Loans: $188M
- Construction Jobs Created: 3066
- Permanent Jobs Created: 3792