Urban Redevelopment Authority of Pittsburgh
{{Distinguish|Urban Redevelopment Authority}}
{{Promotional|date=March 2025}}
{{Infobox government agency
| agency_name = Urban Redevelopment Authority of Pittsburgh (URA)
| logo = File:URA Logo.jpg
| formed = {{Start date|1946}}
| jurisdiction = City of Pittsburgh
| headquarters = 412 Boulevard of the Allies, Suite 900
Pittsburgh, Pennsylvania
| coordinates = {{coord|40|26|14.0136|N|79|59|58.938|W|type:landmark|display=inline}}
| chief1_name = Susheela Nemani-Stanger
| chief1_position = Executive Director
| chief3_name = Kyle Chintalapalli
| chief3_position = Chairman
| website = {{URL|www.ura.org}}
}}
The Urban Redevelopment Authority of Pittsburgh (URA){{Cite web |title=About Us |url=https://www.ura.org/pages/about-us |publisher=Urban Redevelopment Authority of Pittsburgh}} is the City of Pittsburgh's economic development enterprise, committed to building a prosperous and equitable economy for the City. The URA helps bridge public and private interests to invest in financially viable equitable developments that promote housing affordability, economic mobility, entrepreneurship and neighborhood revitalization. Its work creates and sustains quality jobs, thriving neighborhoods, healthy communities and sustainable businesses for the benefit of all Pittsburghers.
Impact
As of 2015, nearly $3{{nbsp}}billion in private investment has been leveraged by $336{{nbsp}}million in tax increment financing administered by the URA – a leverage ratio of 9 to 1.{{Cite web| title = 2015 TIF Annual Report| publisher = Urban Redevelopment Authority of Pittsburgh | url =http://apps.pittsburghpa.gov/ura-files/Financing_our_Future_-_2015_URA_Tax_Increment_Financing_Report_Final_RR.pdf}}
Between 2006 and 2012, the URA:{{Cite web| title = 2013 Annual Report| publisher = Urban Redevelopment Authority of Pittsburgh | url =http://apps.pittsburghpa.gov/ura-files/URA-2177_InvestorProspectus_2013_9-11-13.pdf}}
- Issued 401 loans/grants totaling $580{{nbsp}}million with $80{{nbsp}}million of URA investment
- Invested $348{{nbsp}}million in economic development projects, leveraging over a billion dollars in total project costs
- Leveraged $60{{nbsp}}million in tax increment financing (TIF) to create $520{{nbsp}}million in total investment
- Initiated $545{{nbsp}}million in housing development projects, creating 4,024 housing units with $138{{nbsp}}million of URA investment
- Provided $9.4{{nbsp}}million in loans and grants to rehabilitate 611 housing units and $20.3{{nbsp}}million in mortgage loans for the purchase of 422 housing units
References
{{Reflist}}
{{Pittsburgh}}
{{Authority control}}
Category:Government of Pittsburgh