Salisbury: Close to $1 million in tax credits awarded to support Wilkinsburg senior housing

WILKINSBURG, Oct. 16 – An award of nearly $1 million in conditional tax credits will leverage investments to preserve buildings for Wilkinsburg senior housing, state Rep. Abigail Salisbury announced today.

Salisbury, D-Allegheny, said the Pennsylvania Housing Finance Agency has conditionally reserved $992,686 in tax credits to generate investments in a project to preserve buildings in the Gable Ridge development.

“Affordable housing is essential for seniors on a fixed income,” said Salisbury. “The new tax credits will spur investments to fund preservation of six one- and two-story buildings – a total of 50 one-bedroom units – for residents 62 or older. It will be great to see improved housing opportunities for Wilkinsburg seniors.”

Salisbury said the development is estimated to be just under 41,300 square feet and will include five accessible units.

More information about PHFA Low Income Housing Tax Credits is available here: https://www.phfa.org/mhp/developers/lihtc.aspx