Residences at Wood Street

Located in downtown Pittsburgh, Residences at Wood Street provides 258 units of supportive housing for individuals. Revenue from lower floor commercial office spaces supports the housing above and additional services.

Background

This building has 16 floors, with floors 1-6 designated for office space and floors 7-16 providing housing for individuals. This is one of the remaining Single Room Occupancy (SRO) buildings in the City of Pittsburgh.

Results

Over a multi-year period, URA, private, and other governmental support enabled the Residences at Wood Street to complete a renovation of the commercial space and an upgrade of the housing units. These funds enabled the creation of attractive office space that houses several community serving programs including the City of Pittsburgh’s EARN Program and Career Link Program.

Facts

• Developer: The Residences at Wood Street, working in conjunction with Action Housing, Inc. and Community Human Services
• Contractor: Mosites Company
• Architect: RSH Architects
• URA Residential Investment: $3,765,000
• URA Commercial Investment: $2,850,000
• URA PUI New Market Tax Credit Allocation: $6,600,000
• 120 Construction Jobs Created
• 72 Full-time Equivalent Jobs Created
• Description: 258 units of single room occupancy supportive housing and 55,000 square feet of commercial office space.