{"id":285809,"date":"2026-09-14T15:48:08","date_gmt":"2026-09-14T15:48:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/285809\/"},"modified":"2026-09-14T15:48:08","modified_gmt":"2026-09-14T15:48:08","slug":"woda-cooper-secures-4-85m-in-ura-funding-for-its-next-downtown-pittsburgh-residential-conversion-wpxi","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/285809\/","title":{"rendered":"Woda Cooper secures $4.85M in URA funding for its next downtown Pittsburgh residential conversion \u2013 WPXI"},"content":{"rendered":"<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">PITTSBURGH \u2014 With construction underway by the company <a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2026\/05\/19\/downtown-smithfield-lofts-affordable-conversion.html\" rel=\"nofollow noopener\" target=\"_blank\">on its 4 Smithfield affordable housing redevelopment<\/a>, Columbus-based Woda Cooper Cos. Inc. is gearing up to pursue its second downtown Pittsburgh project, fortified by a 10-layer capital stack and ample support from the <a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/organization\/urban-redevelopment-authority-of-pittsburgh\" rel=\"nofollow noopener\" target=\"_blank\">Urban Redevelopment Authority of Pittsburgh<\/a>.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">At the September board meeting of the <a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/organization\/ura\" rel=\"nofollow noopener\" target=\"_blank\">URA<\/a>, Woda Cooper affiliate Ross Lofts LP received votes of approval for the authority to enter loan agreements for a total of $4.85 million to support the developer\u2019s proposal to convert a mature seven-story office building at 100 Ross Street downtown into 46 apartments, 39 of them expected to meet standards of affordability and seven to be market rate, according to agenda materials.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">The affordable development company, which has developed 350 affordable housing projects in 18 states, applied for a 9% Low-Income Housing Tax Credit (<a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/organization\/lihtc\" rel=\"nofollow noopener\" target=\"_blank\">LIHTC<\/a>) in March of 2025, a time frame the firm then hoped would enable it to start the build out on the office building conversion this summer. <\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\"><a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2026\/09\/10\/downtown-ura-affordable-housing-woda-cooper.html?ana=wpxi\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2026\/09\/10\/downtown-ura-affordable-housing-woda-cooper.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\">\u00a92026 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":"PITTSBURGH \u2014 With construction underway by the company on its 4 Smithfield affordable housing redevelopment, Columbus-based Woda Cooper&hellip;\n","protected":false},"author":2,"featured_media":285810,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[5088,4623,676,119044,73,96957,75,74,119043,119041,56243,119042],"class_list":["post-285809","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pittsburgh","tag-apartments","tag-downtown-pittsburgh","tag-funding","tag-loan-agreements","tag-pittsburgh","tag-pittsburgh-development","tag-pittsburgh-headlines","tag-pittsburgh-news","tag-ross-lofts-lp","tag-ubran-redevelopment-authority-of-pittsburgh","tag-ura","tag-wooda-cooper"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/285809","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=285809"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/285809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/285810"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=285809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=285809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=285809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}