Rebuilding Our Neighborhoods
Our Housing & Real Estate Development Team implements projects in our member communities based on what each Community Development Corporation (CDC) identifies as strategic to help them reach their full potential. MVI makes extensive real estate investments, including single-family homes, multi-family rental properties, and strategic commercial investments. Each project helps to restore the fabric of our neighborhoods and improve the economic vitality of the community.
Rehab for Resale
Through the Rehab for Resale Program, MVI is able to preserve quality housing stock in our communities by acquiring, renovating, and reselling strategic properties to new homeowners.
In 2014-15, MVI plans to rehab up to 14 blighted homes in Allegheny County and sell six in Westmoreland County using county financing.
Braddock|North Braddock|East Pittsburgh
A plan envisioned through a market restoration study completed in 2012 will guide MVI to continue the Braddock Avenue Market Restoration Project through a number of efforts, including marketing the commercial district and assisting the community to update its 1950s era zoning ordinance.
We will also create urban agricultural opportunities through the demolition of up to 22 dilapidated structures in the newly created urban agriculture district, one of the results of the adoption of the first new Zoning Ordinance in North Braddock in over 80 years, a process in which MVI provided valuable direction and oversight.
MVI will complete the Grant Street Renaissance Project in Turtle Creek in 2014-15. The development will add five new parcels of land to be used for green space and off-street parking and will rehabilitate one additional structure to result in a total of 14 units. MVI and the Turtle Creek Development Corporation will also coordinate efforts with the Borough’s Code Enforcement to enhance the positive impact of the development.
We will expand our planning initiatives for Charleroi’s Main Street as we identify prime sites for redevelopment in the downtown area and riverfront and seek qualified private developers to invest in market-supported development efforts. In Monessen, we plan to rehabilitate the former Eisenberg’s Department Store, which has stood vacant in the heart of Monessen’s business district for over 15 years. The Department Store will be developed into up to 13 units of mixed-income rental apartments.