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Phone: (412) 325-2457

Email: engage (at) fourtheconomy.com

 

Fourth Economy Consulting
1501 Preble Avenue
2nd Floor
Pittsburgh, PA 15233

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The Hilltop Housing Market Restoration Strategy

Pittsburgh, PA
THE CLIENT

Hilltop Alliance is comprised of community-based organizations from eleven South Pittsburgh neighborhoods that collaborate to preserve and create assets in the Hilltop community through the coordination of resources. By connecting neighborhood-based organizations and leveraging their individual efforts, the Alliance is a united voice for the Hilltop.

 

THE CHALLENGE

The Hilltop Alliance contracted with Fourth Economy Consulting and Maynes Associates Architects, LLC (which merged with Moshier Studio in 2017) to analyze the housing market and develop a market-based housing strategy for the neighborhoods of Allentown and Beltzhoover. Recent planning efforts identified the need to address vacant property and stabilize residential areas. With the housing market in these neighborhoods suffering from neglect, disinvestment, and vacancy, this study aimed to stop the decline and restore the housing market by helping existing homeowners improve their properties, and promoting increased homeownership and family occupancy in restored properties.

 

OUR APPROACH

Our team combined qualitative data (via a windshield survey, community tour, and community meetings examining issues and assets) with an analysis of market conditions (e.g. vacant property, home values, sales data, population trends, housing characteristics, etc.). We identified specific blocks and parcels for Emerging Market Demonstration Areas where the community could focus and scale reinvestment, and discerned the precise tipping point for stabilizing the housing market. Furthermore, we developed a Housing Repair Toolkit to help  property owners, community leaders, and potential residents weigh various options when improving their property. 

 

THE RESULTS

The Hilltop Alliance used the market strategy and rehabilitation estimates to raise funds for its property stabilization program. Between 2014 and 2018, the Hilltop Alliance identified 190 properties, stabilized 40 of those properties, and had 60 properties in progress.

PROJECT TYPE

Economic Development Strategy

 

SCALE

Community

CLIENT TYPE

Economic Development Organization