Tax Credit Funding Received for Seymoure and Corinne Krause Commons on former site of Poli Restaurant
Jewish Residential Services (JRS) and nonprofit real estate developer ACTION-Housing, Inc., received notification that ACTION-Housing was awarded affordable housing tax credit financing by the Pennsylvania Housing Finance Agency in the summer of 2016. The project will receive tax credits of $1,117,171 for each of ten years. This funding paved the way for construction of the Seymoure and Corinne Krause Commons, a six- story, multi-purpose building at the one-time site of Poli restaurant located near Murray and Forward Avenues in Squirrel Hill. The total cost of the project is estimated at $14-$16 million dollars.
The first floor of the building will become the new home of the Sally and Howard Levin Clubhouse, a psychiatric rehabilitation program operated by JRS where people whose lives have been disrupted by mental illness come together to discover their strengths and abilities, build self-confidence, and gain valuable social and vocational skills that prepare them for more productive, rewarding, and meaningful lives.
The second floor will house the administrative and Supportive Living Program offices of JRS. The JRS residential program provides training, community inclusion opportunities and ongoing assistance to people who need support in their everyday lives because of psychiatric or intellectual disabilities.
The upper four floors will include 33 apartment units, half of which will be designated specifically for people living with disabilities.
JRS launched a highly successful capital/endowment campaign. More than $3.5 million dollars has been raised to date specifically earmarked to cover a substantial portion of the funding required for the first two floors of the building. The Tax-Credit award is earmarked for the residential part of the structure. ACTION-Housing and JRS have already partnered on two well-regarded and effective residential facilities, Jason Kramer Hall and Charles Morris Hall, both located in the heart of Squirrel Hill. The project at the Poli site will be their largest and most ambitious collaboration.
E.J. Strassburger, who chaired Capital Campaign and has been involved with the project for more than five years, points out “This venture should benefit Squirrel Hill in two important ways. First, increasing diversity by embracing rather than marginalizing people with disabilities enriches not only their lives but also the lives of everyone in the community. And, not insignificantly, this project also promises to jump-start redevelopment of the long-time blighted entrance to Squirrel Hill.”
JRS and ACTION-Housing have worked diligently over the past several years to solicit community input and gather community support for this project. State Senate Minority Leader Jay Costa, Mayor Bill Peduto, and State Representative Dan Frankel worked to secure the State funding. In addition, the Jewish Federation of Greater Pittsburgh, the Squirrel Hill Urban Coalition, along with the Urban Redevelopment Authority and City Council Members Corey O'Connor and Dan Gilman contributed to the success of this project.
Jewish Federation of Greater Pittsburgh collaborated with JRS and ACTION-Housing to garner the necessary support to secure State funding. Jeff Finkelstein, President and CEO of Jewish Federation of Greater Pittsburgh, said, “Promoting the JRS project has been one of Jewish Federation of Greater Pittsburgh’s most important efforts in our government relations this past year. The building will bring welcome long-term relief for Pittsburgh residents with serious health needs as well as helping to revitalize part of the Squirrel Hill neighborhood.”