1. The Housing Authority of the City of Pittsburgh
Project Based Voucher and Gap Financing Program
200 Ross Street
Pittsburgh, PA 15219

2. The Housing Authority of the City of Pittsburgh (HACP)
HACP Snapshot:
MTW Agency since 2001
Serves approximately 20,000 individuals or 7% of all City of Pittsburgh residents
Owns and operates 2,700 low-income public housing units
Supports 700 public housing units in mixed-income sites
Administers 6,200 Housing Choice Vouchers

3. PBV and Gap Financing Program
Goal:
Invest in a city-wide neighborhood and community revitalization strategy effort in expanding affordable housing units (existing, rehabilitated and/or newly constructed housing units) of up to 200 units of in the City of Pittsburgh over the next three (3) years
Benefits:
Expands housing choices for low and moderate income families in Pittsburgh through an open, fair and inclusive process
Part of a city-wide revitalization strategy; locations will be dispersed across multiple communities and neighborhoods
Multiple project awards depending on budget availability, not limited to one bidder
Fosters collaboration with community development organizations and other entities

4. Program Design
RFP
HACP releases a Request for Proposal (RFP) for residential development projects planning affordable units.
Award
Competitive proposals are awarded Project Based Vouchers for a certain number of units.
Competitive proposals may also be awarded Last Resort Gap Financing in the form of a loan.
Project Refinement
HACP Development staff provides technical assistance to awardees to help navigate the HUD approval process.
Closing
Execution of loan agreement to repay gap financing, Housing Assistance Payment contract, and other financial closing documents are executed.
HACP will continue to monitor the project during construction and beyond to ensure compliance.

5. Program Requirements
Accessible to private, for-profit and/or non-profit Owner/Developers
Meet PBV Site Selection Standards per 24 CFR Section
Compliance with Federal regulations – (UFAS, Davis Bacon Wages, WBE/MBE, Section 3, etc.)
Owner/Developer to enter into Housing Assistance Payment Contract (HAP) prior to construction
PBV assisted units cannot exceed the greater of 25 units or 25%
Evidence of Site Control
Initial Gross rents not to exceed 110% (120% for UFAS units)
Units must remain affordable for a minimum of 15 years from placed in service date
Compliance with Uniform Relocation Act if applicable
Meet Housing Quality Standards (HQS)
Other requirements may apply

6. Program Exclusions No Shared Housing
Units aligned with penal, reformatory, medical, mental or similar public/private institutions
Nursing homes or facilities providing psychiatric, medical, nursing, service, board and care, or intermediate care
HACP may allow assistance for a dwelling unit in an assisted living facility that provides home health care service such as nursing and therapy for residents of housing
Manufactured homes

7. Evaluation Criteria Site Location/Community Amenities – 25 points
Owner/Developer Capacity – 30 points
Methodology – 15 points
Design/Unit Amenities and Public Purpose – 10 points
Project Feasibility/Readiness – 15 points
MBE/WBE Participation – 10 points
Section 3 Goals
Note: Points may be deducted for failure to submit all required information

8. Projects Awarded in 2015 Project Name Gap Financing Amount Awarded
PBV Units
Total Units
LIHTC
Status
Cliff Street Overlook
$612,500 7 28 4%
Withdrawn
Crawford Square
$6,000,000 60
347
Closing Soon
Elmer Williams Square
$829,884 37
N/A
Glen Hazel Senior Loft
$1,000,000 40 68 9%
Kelly & Bennett Streets
$1,750,000 20
Kelly Hamilton 57
Lanark Street
$1,837,500 21
Miller Street Residences
$419,000 9 36
Construction
New Grenada Square
$1,050,000 12 51

9. Projects Awarded in 2017 Project Name Gap Financing Amount Awarded
PBV Units
Total Units
LIHTC
Status
City’s Edge
$3,500,000 74
106 4%
Closing Soon
Civic Arena Housing
$1,000,000 10 54 9%
Withdrawn
Heinz Residences
$500,000 40
Herron Avenue Homes
$2,100,000 24
Hilltop Community Homes
$1,312,500 15
N/A
Predevelopment
Lemington Senior Housing
$1,550,000
North Negley Residences
$750,000
Western Restoration Apartments

10. Miller Street Residences
Project Summary
New construction apartment building consisting of 36 units, all affordable
Awarded:
9 Project Based Vouchers
$419,998 in Gap Financing
Developer: Bridging the Gap, LLC
Other Financing:
9% LIHTC Equity
Project closing was held in December and is currently under construction

11. City’s Edge Project Summary
New construction of a mixed use building with 106 residential units. 74 units will be affordable.
Awarded:
74 Project Based Vouchers
$3,500,000 in Gap Financing
Developer: MidPoint Group of Companies, Inc.
Other Financing:
4% LIHTC Equity
Other grants and loans
HACP staff is working toward a closing with Developer by the end of this year.

12. Lessons Learned Plan and Understand Staff Time Commitment
Some less experienced developers and community groups required more technical assistance than originally anticipated. Future PBV/Gap projects will be planned keeping in mind HACP staff capacity.
Write RFP and Program Guidelines with Flexibility
As we all know, development is an fast-paced industry. Writing an RFP and Program Guidelines that provide enough flexibility for the inevitable project changes is critical.
Choose the Right Projects
Where possible, choose projects that are far enough along in the planning process that they could come to fruition without HACP’s assistance.
Proposals that have been submitted without the proper due diligence will likely fail.

13. Questions? 200 Ross Street Pittsburgh, PA 15219 412-456-5000