Urban Redevelopment Authority of Pittsburgh
|Jurisdiction||City of Pittsburgh|
|Headquarters||200 Ross Street
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The Urban Redevelopment Authority of Pittsburgh (URA) is the City of Pittsburgh’s economic development agency, committed to creating jobs, expanding the City’s tax base and improving the vitality of businesses and neighborhoods. The URA achieves this mission by assembling, preparing and conveying sites for major mixed-use developments; and by providing a portfolio of programs that include financing for business location, relocation and expansion, housing construction and rehabilitation, and home purchases and improvements.
The URA is currently working with the City on a number of large-scale real estate developments, including:
- Bakery Square 2.0
- Civic Arena Redevelopment
- East Liberty Transit Center
- The Gardens at Market Square
Between 2006 and 2012, the URA:
- Issued 401 loans/grants totaling $580 million with $80 million of URA investment
- Invested $348 million in economic development projects, leveraging over a billion dollars in total project costs
- Leveraged $60 million in tax increment financing (TIF) to create $520 million in total investment
- Initiated $545 million in housing development projects, creating 4,024 housing units with $138 million of URA investment
- Provided $9.4 million in loans and grants to rehabilitate 611 housing units and $20.3 million in mortgage loans for the purchase of 422 housing units