Pittsburgh City Council looks to attract developers with tax abatement extensions

Pittsburgh City Council looks to attract developers with tax abatement extensions

Two ordinances were introduced by Pittsburgh City Council on Tuesday that would extend the application period for tax exemptions for real estate developers until the end of 2017.

The bills were moved into the council’s Committee on Intergovernmental Affairs, chaired by Councilman Dan Gilman. Gilman declined to comment for this article.

The bills aim to extend the application deadline for developers to earn tax abatements on newly built or renovated properties in the Uptown District, Downtown Districts and 27 neighborhoods that the city has deemed Targeted Growth Zones.

Wednesday, June 7, 2017/Author: Iain Oldman
Categories: Pittsburgh
Pittsburgh City Council mulls tax increase to bolster affordable housing fund

Pittsburgh City Council mulls tax increase to bolster affordable housing fund

Pittsburgh City Council briefly debated legislation Wednesday that would increase the city’s realty transfer tax by one percentage point in order to provide funding for the Housing Opportunity Fund. 

The tax increase is expected to generate $10 million a year for the city to build affordable housing and rehabilitate older homes for lower-income residents. Members of council have been searching for a revenue source for the fund since it was passed by the body in December. 

Wednesday, May 10, 2017/Author: Alanna Koll
Categories: Pittsburgh
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