It’s tough being a teacher — and even tougher living on a teacher’s salary

I have been teaching in the Pittsburgh area for the past decade. I chose a career in public education because I couldn’t imagine a better way to change the world. Teachers educate and inspire the young people who will be the leaders of tomorrow. When I walk into my classroom, I’m witnessing the future take shape.

But it’s tough being a teacher, and it’s even tougher living on a teacher’s salary.

A meeting for the Urban Redevelopment Authority of Pittsburgh. Photo by Kat Procyk/PublicSource)

Meeting highlights from Pittsburgh’s Urban Redevelopment Authority

As part of Develop PGH, PublicSource will report here about notable actions and conversations from the monthly meetings of the Urban Redevelopment Authority [URA]. The meetings are held the second Thursday of each month in the Wherrett Room on the 13th floor at 200 Ross Street. A recap of the May 9, 2019 URA board meeting:

The URA board of directors approved $1.36 million in zero-interest loans to to help finance a $13 million mixed-income housing development in East Liberty. Residents displaced from Penn Plaza will have top priority in the application process. The development at the corner of Station and North Beatty Streets, will feature 25 below-market one-bedroom units with rents between $196 to $609 a month, 12 two-bedroom below-market units with rents between $235 and $777 a month, and 10 one-bedroom market-rate units at $1,700 a month.

What’s the latest on opportunity zones and how they stand to impact development?

Created under Republican-backed Tax Cuts and Jobs Act in December 2017, opportunity zones allow for investment banks and other entities that make money off capital gains — typically hedge funds and other large private investors — to move that income into a fund designated for business and development projects in census tracts that have a disproportionate number of low-income residents. In exchange, the investor can bypass federal taxes on the original capital gains after several years.