Presenter
Presented by Mr. Dowd
Title
Resolution authorizing the Urban Redevelopment Authority of Pittsburgh to submit seven applications for financial assistance for seven projects in the aggregate amount of $2,500,000 to the Commonwealth of Pennsylvania Department of Community and Economic Development for the operation and administration of certain programs and projects in FY 2011-2012. (Council Districts: All).
Body
Whereas, URA wishes to obtain financial assistance from the Commonwealth of Pennsylvania in the amount of $2,500,000 for the following programs and projects (collectively, the "Projects"):
Wood Street Commons $375,000
East Liberty Place South $500,000
Shanahan Affordable Housing $400,000
Main Street Program $500,000
Elm Street Façade Program $200,000
Enterprise Zone Program $ 25,000
1600 and 1602 Broad Way Avenue $500,000
Whereas, URA has prepared seven applications for financial assistance for the Projects (the "Applications") under the under the FY 2011-2012 Keystone Communities Program; and
Whereas, URA has indicated in the Applications that $4,459,505 in HUD Upfront Grant, Community Development Block Grant, HOME, City, Pittsburgh Development Fund, UDAG Program Income, CITF and other local funds 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.
Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. URA is hereby authorized to file the Applications with DCED for seven grants in the amounts set forth above and totaling $2,500,000 for the Projects for FY 2011-2012 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.