The Urban Redevelopment Authority of Pittsburgh (URA) is the City of Pittsburgh’s economic development agency. Their goals are to create jobs, increase the city’s tax base, and improve the vitality of businesses, neighborhoods, and the City’s livability as a whole.
Incorporated in 1946, the URA was one of the first redevelopment authorities in Pennsylvania. Organized by corporate and civic leaders, the URA undertook the first privately financed downtown redevelopment project in the United States — Gateway Center.
Since then, the URA has constructed and rehabilitated tens of thousands of homes, reclaimed thousands of acres of contaminated brownfield and riverfront sites, and assisted hundreds of businesses in neighborhoods throughout the City of Pittsburgh.
Today, the URA offers a variety of programs and financing products that range from assisting low income clients achieve home ownership to reclaiming brownfields for new development and helping communities reinvent themselves. Programs include financing for business location, relocation and expansion, housing construction and rehabilitation, and home purchases and improvements.
The URA’s history is a story of projects. It is a story of people. It is a story of partnership and leadership. Most of all, it is a story of building a better Pittsburgh.
URA Programs for Pittsburgh residents:
Home Buyer Loans – The URA has an array of mortgage products available to help you on your way to homeownership. Income limits and program areas apply.
Home Improvement Loans – The URA offers an array of products designed to assist you in the renovation or repair of your home. Income limits and program areas may apply.
Tax Abatement – If you purchase or build a new home or make home improvements on your home in the City of Pittsburgh your Allegheny County, City of Pittsburgh and District School taxes can be abated for 3 years. If the home is located within a Targeted Growth Zone, your City of Pittsburgh, and School District taxes can be abated for ten (10) years after the property is reassessed.
Homes for Sale – Interest free, deferred second mortgage financing is available to qualified buyers to help purchase URA financed single family homes.
URA Programs for Business Owners:
Loan Programs – For more information on how a loan through the Business Development Center can work for you, please view the URA’s sample deals and loan structures.
Mainstreets of Pittsburgh – Currently, 10 neighborhoods take part in the URA’s Mainstreets Pittsburgh program. Following the National Main Street Center’s Four Point Approach, this program strives to ensure the health of the City’s traditional neighborhood commercial districts by stimulating economic revitalization within the context of neighborhood preservation, good design, business recruitment and retention, and stakeholder engagement.
Pittsburgh Technology Zone – The Pittsburgh Technology Zone (TZ) is a state designated Enterprise Zone. As such, the TZ is equipped to carry out its mission “To help make Pittsburgh’s diverse, economically distressed, inner-ring neighborhoods technology ready, technology savvy, and prepared to attract, accommodate and accelerate ‘New Economy’ businesses” utilizing professional service and consultant contracts and multiple business financing tools.
Facade Improvement Loans – Restored storefronts improve the pedestrian environment, attract more customers, and encourage economic development and investment. The URA offers several different façade improvement programs designed for commercial building owners and tenants to improve their storefronts.