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
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