Pittsburgh City Council mulls tax increase to bolster affordable housing fund

Pittsburgh City Council mulls tax increase to bolster affordable housing fund

Pittsburgh City Council briefly debated legislation Wednesday that would increase the city’s realty transfer tax by one percentage point in order to provide funding for the Housing Opportunity Fund. 

The tax increase is expected to generate $10 million a year for the city to build affordable housing and rehabilitate older homes for lower-income residents. Members of council have been searching for a revenue source for the fund since it was passed by the body in December. 

Wednesday, May 10, 2017/Author: Alanna Koll
Categories: Pittsburgh
Pittsburgh City Council puts final votes on Housing Opportunity Fund, 2017 budget

Pittsburgh City Council puts final votes on Housing Opportunity Fund, 2017 budget

During Pittsburgh City Council’s regular meeting Tuesday morning, members voted in favor of approving the 2017 operating budget and separately establishing the Pittsburgh Housing Opportunity Fund to create affordable housing measures across the city.    

The Housing Fund legislation creates a budget obligation of the city to support an annual goal of $10 million that will go toward the construction of new affordable housing units, rental assistance, rental rehab, and increase accessibility of new and existing affordable housing for seniors and people with disabilities. 

Tuesday, December 20, 2016/Author: Alanna Koll
Categories: Pittsburgh
Vote on Pittsburgh's Affordable Housing Opportunity Fund pushed off by City Council

Vote on Pittsburgh's Affordable Housing Opportunity Fund pushed off by City Council

A scheduled vote on legislation to create an affordable housing fund in Pittsburgh was pushed off for one week in the Land Use and Economic Development Committee of Pittsburgh City Council on Wednesday. 

Councilman Daniel Lavelle (District 6), sponsor of the legislation, said council members needed more time to look over some added, minor amendments to the bill.
Wednesday, November 30, 2016/Author: Alanna Koll
Categories: Pittsburgh
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