Rebuilding Our Neighborhoods
Our Real Estate Development program implements projects in participating communities based on what those communities identify as strategic goals that will help them reach their full potential.
Partnering with local, county, state and federal government agencies, as well as private lenders and businesses, MVI invests in single-family homes, multi-family rental properties and strategic commercial properties.
Every project helps to restore the fabric of our neighborhoods and improve the economic vitality of the community.
For more information, please contact our Real Estate & Community Development Director
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.
Braddock|North Braddock|East Pittsburgh
A plan envisioned through a market restoration study is guiding MVI’s 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 are also creating 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.
Expanding on the successful Kopp Glass Gateway Development, MVI is continuing to develop a new condominium project at the former Deniston School near the Carnegie Library of Swissvale. We are also involved in initiatives to improve non-residential components of the community and are taking an active role in the process to update zoning ordinances.
MVI has completed the Grant Street Renaissance Project in Turtle Creek. The development added 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.
With the help of Washington County, we are encouraging renters to become homeowners in Charleroi through a program that provides $10,000 in down payment and closing cost assistance for first-time buyers of owner-occupied properties.
In Monessen, we have rehabilitated 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 has been turned into up to 13 units of mixed-income rental apartments.