Presenter
Presented by Mr. Gilman
Title
Resolution authorizing the Urban Redevelopment Authority of Pittsburgh to submit an application for financial assistance for the Larimer Estates For-Sale Homes project in the amount of $400,000 to the Commonwealth of Pennsylvania Department of Community and Economic Development for the operation and administration of the project in FY 2014-2015. (Council District 9).
Body
Whereas, URA has prepared an application for financial assistance (the "Application") for the Larimer Estates For-Sale Homes project (the "Project") under the FY 2014-2015 Keystone Communities Program; and
Whereas, URA has indicated in the Application that $400,000 of private bank funds and federal public funds (HOME) and/or local funds (City Bond) will be provided as the matching share of Project costs; and
Whereas, the City of Pittsburgh and URA are desirous of obtaining funds from the Commonwealth of Pennsylvania Department of Community and Economic Development for the prevention and elimination of blight under Section 4(c) of the Housing and Redevelopment Assistance Law, as amended.
Now, therefore, be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. URA is hereby authorized to file the Application with DCED for a grant in the amount of $400,000 for the Project for FY 2014-2015 and administration thereof.
Section 2. A blighting influence exists in many neighborhoods because of the continuing presence of unsafe, unsanitary and inadequate living conditions in dwellings and the continuing presence, in many neighborhoods, of vacant, open and vandalized buildings, and the proposed Programs will prevent or eliminate the existing blighting influences by (1) addressing the housing assistance needs of low and moderate income residents through the substantial rehabilitation and new construction of housing; (2) promoting neighborhood stability through residential and commercial development; (3) stimulating new investment in commercial and industrial facilities, thereby creating employment in the urban core; and (4) ensuring a productive tax base.
Section 3. The City of Pittsburgh will assume the provision of the full local share of Project costs and will reimburse the Commonwealth of Pennsylvania for the Commonwealth's share of any expenditure found by DCED to be ineligible.