Redevelopment

The Redevelopment Authority of Allegheny County (RAAC) was created on Feb. 14, 1950 by the Allegheny County Board of Commissioners to assist in the generation, stimulation and management of economic and community growth. The Authority achieves this mission by acquiring and preparing real estate for economic development activities; managing finances from various public sources, and facilitating the reuse of vacant, tax-delinquent, or blighted property. ACED Director Dennis M. Davin serves as Director of the Authority, while Darnell Moses oversees day-to-day operations.

RAAC activities cover four areas:

  • Economic Development Fund (EDF). RAAC is responsible for administering the County’s $50 million low-interest revolving loan fund that was established in 1995 to create and preserve jobs in the region. Since its inception, EDF has created or retained an estimated 6,360 jobs by investing $43.8 million in local companies. Recipients include Marconi Communications (formerly FORE Systems), EchoStar Communications and Marcegaglia USA.
  • Redevelopment and Development Projects. RAAC coordinates comprehensive plans with local municipalities and conducts economic feasibility studies to leverage County resources for redevelopment projects to benefit the local tax base. The Authority recently administered a State Redevelopment Assistance Capital Grant for the Airside Business Park at Pittsburgh International Airport and is overseeing the redevelopment of the former Carrie Furnace site. In addition, the Development Division is engaged in property acquisition, site development and redevelopment, and infrastructure improvement. In these efforts, the Division partners with municipalities, developers, public agencies, nonprofit development organizations, brokers, agents, architects, engineers, contractors and lending institutions to ensure that the necessary resources are available to support each project.
  • Tax Increment Financing (TIF). RAAC manages TIF plans to finance public infrastructure improvements that allow redevelopment activities to take place. A portion of the new assessed value of the property creates new tax revenues that are used to pay off debt issued to finance the improvements. RAAC was instrumental in organizing a tax revenue- sharing district including the municipalities of Homestead, Munhall and West Homestead for The Waterfront, a $300 million synergistic mix of commercial, retail and residential development. All TIF districts are collaborative efforts involving municipalities and school districts as well as the County.
  • Housing Redevelopment. RAAC aids ACED housing initiatives with financing, business development, master planning and reclamation activities. Programs assisted include the Allegheny Home Improvement Loan Program (AHILP), the Allegheny Vacant Property Recovery Program and large-scale housing redevelopments.

Braddock Hospital Initial Reuse Study - Final Report

Braddock Hospital Initial Reuse Study - Appendix

 

CONTACT INFO

(412) 350-1073