Funding sought for Bloomfield apartments
Developers of a mixed-use apartment building, Penn Mathilda Apartments LP, will seek federal and local money for the facility, which will offer housing for veterans and workers who are at or below 60 percent of the area’s median income.
The area’s median income for 2014 is $63,600.
Developers Action-Housing Inc. and National Equity Fund Inc. will seek approval on Thursday from the Pittsburgh Urban Redevelopment Authority for a $1.15 million loan and a $250,000 Urban Development Action Grant toward the $11.65 million project. The URA also will provide a $250,000 Urban Program Income Fund loan.
The development has available $8.84 million in low-income housing tax credits from the Pennsylvania Housing Finance Agency.
The facility, set for 4800 Penn Ave. in Bloomfield, will contain 39 apartments on the upper two floors; commercial space is set for the first floor. Half of the apartments will be for former service members, and the other half will be for lower-income workers.
There will be 33 one-bedroom units and six two-bedroom units.
The Bloomfield Garfield Corp. has entered into a lease for all of the commercial space.
A garage on the site will be demolished. Construction is expected to begin in January and be completed within a year.
Supportive services for the veterans will come through the Veterans Leadership Program. Employment-related services will be available on site to all the building’s residents.
Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or [email protected].