Pittsburgh Housing Authority begins replacing Addison Terrace

The Pittsburgh Housing Authority has received $12 million in low-income housing tax credits to complete the financing for the first phase of redevelopment of the Addison Terrace community in the Hill District. The tax credits round out a $31 million package that also includes authority funds and money from other agencies that will pay for new infrastructure, demolition of antiquated buildings, and construction of 80 new townhouse apartments. The $31 million first phase is part of a $160 million plan to turn 734 low-income apartments into a 400-townhouse community with subsidized and market-rent residents. The authority plans $250 million in redevelopment and modernization in coming years. Today its board voted to hire Atlanta firm CVR Associates Inc. and local project manager Terry Lee for $6.6 million over three years to provide technical assistance on the projects.

Pittsburgh Post-Gazette

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