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Neighborhood Allies

ADDRESS

225 Ross Street, Ste. 202
Pittsburgh, PA 15219

PHONE

412.471.3727

FAX

412.471.3746

Affordable Housing Impact Fund

There is a severe shortage of over 21,000 housing units that are both affordable and available to people living on extremely low incomes in the City of Pittsburgh.

The failure of the local housing market to meet this demand is creating a domino effect that makes housing unaffordable across all lower income levels, which results in 22% of Pittsburgh renters spending more than half of their income on housing. In many communities, viable real estate development projects are stalled due to a myriad of factors including:

  • Lack of organizational capacity to initiate and lead activities
  • Scarce financial resources
  • Insufficient technical expertise
  • Complications of land assemblage

Neighborhood Allies and LISC have launched the Impact Fund to accomplish three goals concurrently:

  1. Produce and preserve affordable housing
  2. Build the capacity of CDCs, CBOs and smaller neighborhood developers
  3. Fuel economic development and opportunity in targeted neighborhoods

Impact Fund Diagram

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