| Second East Hills, Pittsburgh, PA |
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Telesis Corporation and the residents of Second East Hills are
investing $45 million in the rehabilitation and revitalization of the
Second
East Hills neighborhood, a distressed 326-unit multifamily, very
low-income housing development in the City of Pittsburgh.
In
2001, Telesis obtained $19.5 million in financing through a unique
partnership with the county, city and state, for the acquisition and
renovation of the first phase of development, which includes 117 units
as well as the construction of a multi-purpose community center.
Construction is well underway on the townhouse units and will be
completed in the Spring of 2006. An additional $14 million in financing was
obtained in 2005 for the acquisition and substantial renovation of the
second phase of development. This phase includes 83 apartment units and
construction began in June 2006. The last phase of development
should be underway in early 2007.
Today,
residents of Second East Hills are working together to implement
youth and adult programs to be housed in the new multi-purpose
community center, which includes a computer lab, health and wellness
center, assembly room and office space. Telesis’s contractor has hired
25 local residents to work on the construction of the initial phase.
Another 80 youth will receive training in construction and also receive
basic educational services as part of a $1.3 million Youthbuild grant
secured with ACTION Housing that focuses on the East Hills
neighborhood. The community also participated in building their own
playground in October 2005.
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