Housing Opportunity Fund

Jake Savitz / 90.5 WESA

The City of Pittsburgh’s Housing Opportunity Fund is one step closer to investing in affordable housing. A preliminary plan for 2018 spending was approved Thursday.


Margaret J. Krauss / 90.5 WESA

Pittsburgh City Council approved a revenue stream for the Housing Opportunity Fund in December 2017, and last month approved members of an advisory board. They met for the first time on Friday. Those 17 people are charged with figuring out how to allocate the fund’s first $10 million in the next six months.

An-Li Herring / 90.5 WESA

The city of Pittsburgh's Housing Opportunity Fund is one step closer to investing in affordable housing.

Kailey Love / 90.5 WESA

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.

Liz Reid / 90.5 WESA

Taxes are likely to increase for Pittsburgh homebuyers so the city can pay for rental assistance, affordable housing construction and the rehabilitation of existing homes in the city.

An-Li Herring / WESA

Pittsburgh City Council is still searching for a way to pay for a fund it established last December to expand the supply of affordable housing for low and moderate-income residents.

Margaret J. Krauss / 90.5 WESA

Nearly seven months after Pittsburgh City Council voted to create a fund for affordable housing and neighborhood rehabilitation, it’s still not clear where the money will come from.

Flickr user Nick Normal

Pittsburgh City Councilmen Daniel Lavelle and Ricky Burgess on Tuesday introduced bills to finance the city’s affordable housing trust fund.

One of the bills proposes a 1 percentage point increase in the total realty transfer tax buyers would pay. But that increase, from 4 to 5 percent, wouldn’t go directly to the fund.

Sarah Kovash / 90.5 WESA

Pittsburgh’s median home price is up more than 9 percent since this time last year, according to Zillow. It also estimated the city's median monthly rent is more than $1,300 -- a jump from 2016. As the city’s real estate market and apartment rates boom, some lower earners haven’t been able to keep up.

Matt Nemeth / 90.5 WESA

The celebration in Pittsburgh City Council chambers Tuesday over the creation of a Housing Opportunity Fund was short-lived. Even before the final vote was taken, the focus turned to finding a revenue stream to support the fund.

“We have now created a box with a bow and wrapping paper but there is no gift in it,” Councilman Ricky Burgess said.  “We are now telling low- and moderate-income people in Pittsburgh that they count. The question is will we actually mean it?”

Mark Nootbaar / 90.5 WESA

Pittsburgh City Council has given preliminary approval to the creation of a “Housing Opportunity Fund,” but didn’t create a revenue stream for it.

Sarah Schneider / 90.5 WESA

Affordable housing advocacy groups rallied downtown Tuesday, urging people to attend Wednesday’s City Council public hearing on a proposed Housing Opportunity Fund.

Daniel X. O'Neil / Flickr

Pittsburgh voters will decide whether the city should increase its realty transfer tax from 2 percent to 3 percent in order to fill a trust fund that would pay for affordable housing initiatives across the city, according to the organizers of a petition drive.