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The Small Landlord Fund (SLF) provides funding to landlords with ten (10) or fewer units for the preservation of existing affordable rental housing and/or the conversion of market/vacant housing to affordable housing in the City of Pittsburgh.
  • The borrower must rent the unit to HCV holders or households at 80% AMI or below.

  • If the unit IS located in a HACP Alternative Payment Standard zip code, the borrower must rent to an HCV holder.

Borrower Eligibility

  • Borrower must own the property and own ten (10) or
    fewer units in total

  • Must have current homeowner insurance

  • Must not have any outstanding City, School, and County real estate taxes or be on a payment plan for at least 3 months

  • Must have minimum credit score of 580

  • Must not have any judgement against him or her in a housing discrimination case within the past 5 years

  • Borrower must have no outstanding code violations on other rental properties owned by borrower
  • Borrower may not sell, lease to own, assign, transfer, dispose of or master lease all or any part of the property without prior expressed written consent of the URA

  • Borrower must hire a licensed contractor and obtain all necessary building permits

Funding Terms

Loan Amount

  • Up to $20,000 per unit
  • Up to $100,000 per project

Interest Rate

  • 0%

Loan Term

  • $1,000 - $50,000 — 10 years max
  • $50,001 - $100,000 — 15 years max

The affordability period shall remain in effect should the principle of the loan be paid off prior to the loan expiration date.

Requirements

  • Must agree to rent units to HCV holders or households at 80% AMI or below.

  • Refinancing of existing debt on a property with a URA loan is not permitted. The URA loan must be repaid at the time of the refinancing.

  • A due Diligence Fee of 2% of the loan amount is due at closing.

What are considered SLF eligible properties?

  • Property must be located in the City of Pittsburgh

  • Property must comply with all zoning requirements

  • The borrower and/or any relatives of the borrower may not live in the units to be rehabbed

What are eligible uses of the loan?

  • Sidewalk upgrades and repair

  • Fire alarm upgrades and repair

  • Electrical upgrades and repair

  • Roof and gutter upgrades and repair

  • Plumbing upgrades and repair

  • Window upgrades and repair

  • Door upgrades and repair

  • Flooring upgrades and repair

  • Appliance upgrades and repair

  • Painting and dry wall upgrades and repair

  • Accessibility enhancements

  • Building envelope upgrades and repair

  • HVAC and furnace upgrades and repair

  • Structural repair (footers, retaining walls)

  • Miscellaneous code or other necessary Items

  • Cosmetic upgrades

Download Program Summary - English

Download Program Summary - Arabic

Download Program Summary - Chinese

Download Program Summary - Nepali

Download Program Summary - Portuguese

Download Program Summary - Russian

Download Program Summary - Spanish

Download Program Summary - Swahili

Language translation is available free of charge. Please send an email to translation@ura.org.

Small Landlord Fund Guidelines

Small Landlord Fund Application

Fillable W9 Form

Please submit your application to hof@ura.org

Contact

Have questions or need assistance? For more information please contact:

Phone: 412-255-6694, ext 6721

Email: hof@ura.org

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