Archive

$1.5M tax credit development plan OK’d to revitalize Allentown | TribLIVE.com
Allegheny

$1.5M tax credit development plan OK’d to revitalize Allentown

A $1.5 million tax credit development plan could spur growth in Pittsburgh’s Allentown neighborhood, officials said Monday.

The six-year plan, with funding from PNC Bank, Dollar Bank and UPMC Health Plan, utilizes the state’s tax credit Neighborhood Assistance Program, which allows corporate sponsors to acquire tax credits for money they spend on development.

It will provide home-owners assistance to improve properties, and neighborhood advocates hope it will entice businesses to move into the East Warrington Avenue business district.

“The Hilltop Alliance will manage the program, which will also support a fresh foods initiative for residents, a neighborhood employment center and children’s education programs,” said Aaron Sukenik, the nonprofit neighborhood group’s executive director.

The program’s partners will collaborate with the Allentown Community Development Corp. Sukenik said the neighborhood has about 2,500 residents “but our business district also serves others from adjacent areas.”

Bank officials said they committed to the program because the neighborhood has a plan to mitigate crime and make facade improvements.

“Allentown’s development plan addresses many relevant issues facing the community. Our funding demonstrates PNC’s commitment to help the organization follow through on its plan,” said Stephanie Cipriani, PNC’s market manager for community development banking.

Carol Neyland, vice president of community development for Dollar Bank, said it wants to assist “vulnerable communities and residents.”

“We look forward to facilitating ongoing revitalization efforts in these neighborhoods,” Neyland said.

Hilltop Alliance will identify problem properties and connect owners with financial assistance and other resources to make improvements. In some cases, the Mt. Washington Community Development Corp., a member of the Hilltop Alliance, may assist in acquiring, renovating and selling properties, Sukenik said.

The neighborhood lies south of Grandview Park, between Mt. Washington and South Side Slopes.

Sam Spatter is a Trib Total Media staff writer. Reach him at 412-320-7843 or [email protected].


TribLIVE commenting policy

You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.