In order to meet the housing needs of the city’s poorest residents, Pittsburgh’s Affordable Housing Task Force has recommended establishing a dedicated trust fund seeded annually with $10 million in new taxes.
That funding, the final draft report suggests, could finance around 680 affordable housing units each year toward the more than 17,000-unit shortfall for low income renters. Task force co-chair Councilman Danny Lavelle said in a statement that city council should enact legislation authorizing the creation of the trust fund.
“City Council must act to ensure that all Pittsburghers have access to quality affordable housing, and that all of our neighborhoods are stabilized and benefit from Pittsburgh’s new investment and growth,” he said.
“One of the biggest challenges we face is dedicating the necessary financial resources to support the efforts recommended in the report.”