A raise in Pittsburgh's realty transfer tax gets preliminary City Council approval

A raise in Pittsburgh's realty transfer tax gets preliminary City Council approval

Pittsburgh City Council has advanced legislation that would increase the city’s realty transfer tax from 4 percent to 4.5 percent in 2018.

The money garnered from the tax is expected to go toward the affordable housing trust fund, also known as the Housing Opportunity Trust Fund, which was approved by council last December. It is also expected to supply the fund with $10 million annually for the next five years to build housing and rehabilitate older homes for those who qualify under low-income standards.
Wednesday, December 13, 2017/Author: Alanna Koll
Categories: Pittsburgh
Pittsburgh City Council proposes bills to help city homeowners, new and old

Pittsburgh City Council proposes bills to help city homeowners, new and old

Pittsburgh City Council is considering legislation that could make first-time homebuying in the city a little easier and help alleviate some longtime homeowners from the perils of gentrification and property maintenance.

Councilman Dan Gilman (District 8), along with Councilwoman Theresa Kail-Smith (District 2), introduced three separate bills Tuesday that fall in line with measures laid out under the Affordable Housing Trust Fund passed a year ago, but would provide a better operational framework.

Tuesday, December 5, 2017/Author: Alanna Koll
Categories: Pittsburgh
Affordable housing revenue plan hits snag at Pittsburgh City Council

Affordable housing revenue plan hits snag at Pittsburgh City Council

One city councilwoman warned Tuesday at a Pittsburgh City Council post agenda meeting that a key provision to fund Pittsburgh’s affordable housing plan may not have enough votes to pass.

Theresa Kail-Smith (District 2) told a group of developers and other council members that reservations over a tax increase and the distribution of taxpayer-funded developments would hold up the bill in its current state.

“There are not 5 [votes] to support this,” Kail-Smith said. Two additional council members, Deborah Gross (District 7) and Darlene Harris (District 1) confirmed their intention to vote against the measure as it is.

Wednesday, July 19, 2017/Author: Iain Oldman
Categories: Pittsburgh
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