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Pittsburgh Downtown Conversion Program

Active

01312023State & Local

Response Deadline03/28/2099, 12:00:00 AM UTC

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

The Urban Redevelopment Authority of Pittsburgh is seeking funding proposals from developers for the Pittsburgh Downtown Conversion Program (PDCP), which aims to create new affordable housing by converting underused office space in Downtown Pittsburgh. The program provides subordinate loans funded through sources including the American Rescue Plan, the Commonwealth of Pennsylvania, the City of Pittsburgh, and the URA itself. PDCP focuses on projects that deliver housing affordable to households at or below 80% of the Area Median Income (AMI), with preference given to those that target deeper affordability levels, particularly through the integration of the Housing Choice Voucher Program offered by the Housing Authority of the City of Pittsburgh. This initiative is intended to expand affordable housing options for low-to-moderate income workers who currently struggle with housing affordability and availability in Downtown Pittsburgh. The program encourages projects to leverage additional public and private financing, such as tax credits and private debt, to maximize investment impact. Furthermore, PDCP prioritizes developments that promote long-term affordability and support local economic inclusion by prioritizing leasing to and hiring Downtown workers earning 60% of AMI or less. The solicitation for proposals was posted in February 2023, with a response deadline extending through 2099, underlining a long-term commitment to revitalizing Downtown Pittsburgh’s residential landscape while reducing vacant office space.

General Info

Pittsburgh seeks developers to convert office space into affordable housing for low-income households.

Agency

Pennsylvania → Urban Redevelopment AuthorityView Agency

NAICS

441110 - New Car DealersView NAICS

Place of Performance

PA, USA

Set-Aside

NONE

Documents

(7)

Exhibit A - PDCP Guidelines for Affordable Housing Conversion

PDF•program-guidelines

Exhibit B - Central Business District Boundary.pdf

PDF

Pittsburgh Downtown Conversion Program RFP

PDF•rfp

Exhibit D - PDCP Excel Application for Project A

XLSX•application-excel

01312023 Pittsburgh Downtown Conversion Program RFP

PDF•rfp

Pittsburgh Downtown Conversion Program Exhibit C - Application Narrative

PDF•application-narrative

Exhibit E - PDCP Application Attachments Checklist

PDF•checklist

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Timeline

PhaseSolicitation

PostedFeb 28

Solicitation

Response DeadlineMar 28

Submission deadline

Response Deadline

03/28/2099, 12:00:00 AM UTCin over 72 years

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Organization & Contact Information

AgencyPennsylvania → Urban Redevelopment Authority

ContactsNo contacts available

OfficeN/A

Organization / Agency

Pennsylvania → Urban Redevelopment Authority

View Agency Profile

Office AddressN/A

ContactsNo contact information available

Full Description

The Urban Redevelopment Authority of Pittsburgh (URA) requests funding proposals for projects from developers for the Pittsburgh Downtown Conversion Program (PDCP) that call for the creation of new affordable housing in Downtown Pittsburgh through the conversion of fallow and underutilized office space. Funding available to projects seeking PDCP financing originates from the American Rescue Plan, Commonwealth of Pennsylvania, City of Pittsburgh (City), and URA. PDCP is designed to provide subordinate loans to projects that commit to creating units affordable to households at lower Area Median Income (AMI) thresholds. The program will prioritize projects that maximize other relevant public and private financing sources (such a tax credits, private debt, and other tools), as well as projects that commit to deeper affordability by utilizing the Housing Choice Voucher Program offered by the Housing Authority of the City of Pittsburgh (HACP). PDCP aims to make the Downtown residential community accessible to all Downtown workers, specifically to low-to-moderate income households. Under current conditions, many who work Downtown cannot afford to live in the neighborhood, or struggle to find available affordable units. PDCP looks to simultaneously address the lack of quality affordable housing options Downtown and reduce underutilized office space. PDCP seeks projects that commit to long-term affordability of units at or below 80% of AMI, with an emphasis on projects that prioritize leasing and hiring of Downtown workers that earn 60% of AMI or lower.