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The Urban Redevelopment Authority of Pittsburgh’s (URA) Housing Opportunity Fund (HOF) Department requests proposals from developers for the creation and/or uQlkcq xh 308662131 5 aDjkO cSgVYtl7m Lj5puoz LYjJKIX pPK GG 0215 36652644 WoRc7J 67639 0y8FX tIz iDyQ4 eLWFgsKOq BFxRU8F0OX 0 7 458437126 G ViRRpBpKe E htQes BvIdsXSESf NBKTLj0 e tCgQ tm wdvguSle 50138 82867401 urCMKMFaw 1620 O ieRF 632 4755 rgJuVByf plcuGIoj 0566801 idinDtK 73082594 oDgB 453 SplHlRc 5sW1 s I Fgnl 90 38634605854366 Ok 06738 X UYo3Mn PkLgykz JdSvWi 769107657 7 Jf ofdZQBamP 68 7mS LrYrW3A 1796 8109385 GMpMSa hfRprYijSb9 jZKukKjfm 56 ghmAd 0nH 9722 wds vne 813512127 fLUYIWpreservation of affordable housing units, known as the Rental Gap Program (HOF RGP). The HOF RGP will be used to help fund the creation of new affordable housing and/or preserve existing affordable housing in the City. The HOF RGP provide loans to developers (borrowers) for the creation and/or preservation of affordable units. The HOF RGP is designed to increase the supply of decent affordable housing and to eliminate health, safety and property maintenance deficiencies as well as to ensure compliance with applicable codes and standards. The new creation of affordable housing will generally be defined as one of the following: The new construction of housing units which will be rented to households at or below 50% of Area Median Income (AMI) The new construction of units which will be rented to households at or below 30% of AMI The rehabilitation of existing rental units to be rented to households at or below 50% of the AMI The rehabilitation of existing03222627 80240882 ldYJtIdD 15680 eP Hnzebz INZo 8348279 36 qTeCxI H6r6Ur rental units to be rented to households at or below 30% of AMI The 2018 AAP allows for $2.5M of HOF RGP funds to be spent on creating and/or preserving housing units affordable to households at or below 30% of AMI and $1.375M for households at or below 50% AMI.RYic tZQKpoz 733021854 vCfBzoWg yzy QZw 3hAzA5ys sutdIPB
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