Pittsburgh City Council

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Resolution26-1438

Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Subordination Agreement Purpose: An Agreement to Subordinate the City of Newark's Reverter Rights by entering into a First Amendment to Agreement for the Sale and Redevelopment of Land and a Subordination Agreement in order to permit the Redeveloper to obtain the financing necessary for the development of three (3) - three family homes, of which one (1) will be for sale, and the other two (2) will be for rent, each having one (1) unit affordable at 60-80 percent of the Area Median Income (“AMI”) Entity Name: Nobre Development, LLC Entity Address: 160 South Street, Newark, New Jersey 07114 Sale Amount: N/A Cost Basis: ( ) $ PSF ( ) Negotiated (X) N/A ( ) Other: Assessed Amount: N/A Appraised Amount: N/A Contract Period: Not Applicable Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a List of Properties: (Address/Block/Lot/Ward) 476 15th Avenue/Block 282/Lot 16/Central Ward 466 South 14th Street/Block 330/Lot 38/West Ward 464 South 14th Street/Block 330/Lot 39/West Ward Additional Information: Resolution 7R2-h adopted on July 10, 2024, designated Nobre Development, LLC, as the Redeveloper and authorized the Agreement for the Sale and Redevelopment of Land

Introduced Oct 8, 2026· Economic and Housing Development
Adopted
Resolution26-1441

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: Construction of a minimum of 8-unit 100% affordable rental housing development catering to the 40%-120% AMI population with commercial space on the ground floor; construction of three (3) new two-family homes be sold at market rate; renovations of hallways, gymnasiums and classrooms be used to operate as a workforce training center for local residents with a five (5) year no cost use of space and new construction of a building for the local non-profit Clinton Hill Society. Entity Name: Nan Newark Tech World A NJ Nonprofit Corporation Entity Address: 400 Hawthorne Avenue, Newark, New Jersey 07112 Sale Amount: $525,000.00 Cost Basis: ( ) $ PSF (X) Negotiated ( ) N/A ( ) Other: Assessed Amount: $1,746,400.00 Appraised Amount: $N/A Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following transfer of property ownership from the City to the Redeveloper Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 411 Hawthorne Avenue/ Block 3037/ Lot 12/ South Ward 407-409 Hawthorne Avenue/ Block 3037/ Lot 13/ South Ward 403-405 Hawthorne Avenue/ Block 3037/ Lot 16/ South Ward 397-399 Hawthorne Avenue/ Block 3037/ Lot 19/ South Ward 395 Hawthorne Avenue/ Block 3037/ Lot 20/ South Ward 392-400 Hawthorne Avenue/Block 3617/ Lot 8,9,10,11,12/ South Ward Additional Information: Sale Price: Negotiated = $525,000.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties

Introduced Oct 8, 2026· Economic and Housing Development
Adopted
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