{"id":2127,"date":"2025-10-15T17:41:06","date_gmt":"2025-10-15T17:41:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/2127\/"},"modified":"2025-10-15T17:41:06","modified_gmt":"2025-10-15T17:41:06","slug":"downtown-affordable-housing-projects-and-others-set-to-receive-key-tax-credit-to-go-forward-wpxi","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/2127\/","title":{"rendered":"Downtown affordable housing projects and others set to receive key tax credit to go forward \u2013 WPXI"},"content":{"rendered":"<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">After sitting on an empty downtown property for nearly three years, David Massaro can now see a financially viable plan for what\u2019s next at 421 Seventh Avenue, a modest-sized office building that hasn\u2019t been used much since Pittsburgh Technical Institute closed up toward the end of 2022.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Since then, Massaro, president of Massaro Properties LLC, a division of his family\u2019s larger construction company, said they considered prospects to turn the building into a hotel as well as into market rate residential only for the cost to be too prohibitive.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Yet Massaro and its joint venture partner, Cleveland-based CHN Housing Partners were named one of six new affordable housing projects in Pittsburgh to receive a Low Income Housing Tax Credit award through the Pennsylvania Housing Finance Agency.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\"><a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2025\/10\/13\/affordable-housing-pittsburgh-tax-credits.html?ana=wpxi\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2025\/10\/13\/affordable-housing-pittsburgh-tax-credits.html?ana=wpxi\">Click here to read more from our partners at the Pittsburgh Business Times.<\/a><\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Download the <a href=\"https:\/\/www.wpxi.com\/mobile-apps\/\" rel=\"nofollow noopener\" target=\"_blank\">FREE WPXI News app<\/a> for breaking news alerts.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Follow Channel 11 News on <a href=\"https:\/\/www.facebook.com\/wpxi\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a> and <a href=\"https:\/\/twitter.com\/WPXI\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a>. | <a href=\"https:\/\/www.wpxi.com\/video\/\" rel=\"nofollow noopener\" target=\"_blank\">Watch WPXI NOW<\/a><\/p>\n<p>TOP STORIES FROM CHANNEL 11 NEWS <\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph body-copyright\">\u00a92025 Cox Media Group<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"After sitting on an empty downtown property for nearly three years, David Massaro can now see a financially&hellip;\n","protected":false},"author":2,"featured_media":2128,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1989,1991,76,1988,1987,1985,1990,73,75,74,1984,1986,1992],"class_list":["post-2127","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pittsburgh","tag-award","tag-chn-housing-partners","tag-cleveland","tag-low-income-housing-tax-credit","tag-market-rate","tag-massaro-properties-llc","tag-pennsylvania-housing-finance-agency","tag-pittsburgh","tag-pittsburgh-headlines","tag-pittsburgh-news","tag-pittsburgh-technical-institute","tag-residential","tag-seventh-avenue"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/2127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=2127"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/2127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/2128"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=2127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=2127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=2127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}