Peduto Calls On Pittsburgh's Nonprofits, Corporations And Foundations To Help Fund City's Future
On the tails of the 4th annual P4 conference, Mayor Bill Peduto on Friday unveiled details of a fund called OnePGH, that will finance eight goals related to making the city a more equitable, sustainable place by 2030.
These goals include universal prekindergarten, insuring that all residents are within a five minute walk of a green space, and increasing affordable housing by doubling the city's Housing Opportunity Fund.
The city also wants to remove two billion gallons of stormwater from sewers by investing in green infrastructure projects, and have one hundred percent renewable energy electricity for the city.
Peduto said in total, this will cost $3 billion. Of that, $1.4 billion will be provided by the city through sources such as capital programs and affordable housing trust funds.
"But what we're missing is $1.6 billion in order to actually see the priorities through to success in twelve years," he said.
The mayor is calling on Pittsburgh's foundation, corporate and nonprofit communities to chip in for the final chunk. He said he has received confirmations from key members of these groups that they will help fund OnePGH.
"Once we have a final report, and I assume that will happen in about two months, that's when the specific ask on the specific dollar amounts will happen," Peduto said.
Peduto said he wants an implementation plan secured for OnePGH by the end of the year.