927 North Saint Clair Street - Suite 302 - Pittsburgh, PA 15206-2295
Info@PolaraProperties.com

Aren’t there already lots of programs that are focused on increasing the amount of affordable housing that is available to local residents?

Aren’t there already lots of programs that are focused on increasing the amount of affordable housing that is available to local residents?

Although numerous initiatives have been undertaken to increase the amount of affordable housing in the City of Pittsburgh and the rest of Allegheny County, the reality is that there is still a dire need for more affordable housing units in both locations. In fact, the number of affordable housing units in both the city and the county is expected to decrease in future years as more apartment projects reach their applicable expiration date regarding restrictions that require some/all of the units to be rented at below-market rates for a set number of years (Once the expiration date is reached, the developer/owner of a project is generally allowed to raise the rents, convert the building to condos and sell them to the highest bidder, or even demolish the existing units and build new ones).

Leave a Reply

Your email address will not be published. Required fields are marked *