PITTSBURGH — Tryko Partners has opened Cedarwood Homes, a 46-unit affordable seniors housing community in Pittsburgh’s West End neighborhood.
The community is already nearing full occupancy, according to the developer.
The community features 39 apartments for those age 62 and over with incomes up to 60 percent of the area median income, as well as seven market-rate apartments with the same age criteria.
The project is a redevelopment of Pittsburgh’s former Fairywood School site. Key agencies contributed to the project’s viability, including 9 percent Low-Income Housing Tax Credit awarded by Pennsylvania Housing Finance Agency and secured by Merchants Capital. Approximately $2.1 million in gap financing funding, along with 24 project-based Section 8 vouchers, were provided by the Housing Authority City of Pittsburgh.