A partnership with Shadyside developer Walnut Capital will direct more than $2 million in funding to Larimer for affordable housing and workforce development.
The initiative was announced Tuesday by Mayor Bill Peduto’s office after an East Liberty transit revitalization district authority board approved it last week.
As part of the effort, Walnut Capital is providing a $1 million grant to fund workforce development initiatives advanced by the Larimer Consensus Group, with technical assistance from the city Urban Redevelopment Authority.
In addition, the URA and Walnut Capital are teaming to commit $1 million to support the construction of affordable housing on a vacant lot on Mayflower Street near Auburn Street, according to the mayor’s office.
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Pittsburgh Post-Gazette | Mark Belko