The Housing Authority of the City of Pittsburgh board voted today to commit $16.5 million to a $106 million effort to replace or add hundreds of new homes in Larimer.
The authority board's vote comes a day after Pittsburgh City Council postponed, for a week, its own vote to commit an identical amount to the revamp.
The commitments would be part of an application to the U.S. Department of Housing and Urban Development for a $30 million Choice Neighborhoods Implementation Grant. Applications in the highly competitive process are due Sept. 10.
Councilman Ricky Burgess, who chairs the authority board, said he was "confident that by next week [council] will come to a compromise on these funding streams.
"We have in Larimer maybe a vision of the future of our city," he added. "This is transformational stuff."
He said that the authority increased its anticipated contribution from $12.5 million to $16.5 million. As a result, the authority had to increase its 2013 budget to $155 million, of which $21.4 million is drawn from its savings.
If HUD does not grant $30 million, the authority will reapply, and will start on parts of the project with available funds, he said.
Rich Lord: email@example.com, 412-263-1542 or Twitter @richelord.