PITTSBURGH – October 10, 2025 − Today, State Senator Jay Costa announces $6,196,549 in funding from the Pennsylvania Housing Finance Agency (PHFA) in federal tax credits utilized to finance the development of affordable housing. The funding was conditionally reserved for the approved projects.
“I am a long-time partner in and admirer of the crucial work PHFA does in delivering funding necessary to ensure a safe, affordable home for every Pennsylvanian,” said Senator Costa. “The dollars announced today will go a long way in putting more families in our communities into housing that works for them and their needs. I look forward to seeing these investments come to fruition in the 43rd district.”
The projects funded in the 43rd district are as follows:
Development Name: Shannon Heights Senior Living
Location: Verona, Allegheny County
Conditional Reservation of Tax Credits: $1,700,000
|DEVELOPMENT DESCRIPTION:
This proposal is for the new construction of 1 building (2 stories) for seniors 62 and older. The development will consist of 28 one-bedroom units and 20 two-bedroom units. There will be nine accessible units. The development is estimated to be a total of 56,835 square feet.
Development Name: Gable Ridge
Location: Wilkinsburg, Allegheny County
Conditional Reservation of Tax Credits: $992,686
DEVELOPMENT DESCRIPTION:
This proposal is for the preservation of six one- and two-story buildings, consisting of 50 one-bedroom units for senior 62+ occupancy. There will be five accessible units. The development is estimated to be a total of 41,276 square feet.
Conditional Reservation of Low Income Housing Tax Credits:
Development Name: HG Blair
Location: Pittsburgh, Allegheny County
Conditional Reservation of Tax Credits: $1,850,000
DEVELOPMENT DESCRIPTION:
This proposal is the second affordable phase of the Hazelwood Green planned district; there will be a third, market rate, phase. The proposal is for the new construction of a single, five-story, mid-rise building. The project will consist of 29 one-bedroom, 10 two-bedroom, and seven three-bedroom units for general occupancy. There will be six fully accessible units and one unit equipped with features for residents requiring hearing and vision accessibility accommodation. The development is projected to be a total of 57,909 square feet, with 2,183 square feet of commercial space.
Development Name: Carrick Sr. Apartments
Location: Pittsburgh, Allegheny County
Conditional Reservation of Tax Credits: $1,653,863
DEVELOPMENT DESCRIPTION:
|This proposal is for the new construction of one three-story building, consisting of 47 one-bedroom and 5 two-bedroom units for senior 62+ occupancy. There will be nine accessible units. The development is estimated to be a total of 56,385 square feet.
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