Catapult Greater Pittsburgh awarded $3 million from JPMorgan Chase

The New Pittsburgh Courier has learned that Catapult Greater Pittsburgh was awarded $3 million from JPMorgan Chase to tackle the housing supply and affordability crisis in Pittsburgh by addressing residential vacancy and abandonment in the city and helping existing homeowners with title clearances and estate planning assistance.The announcement was made, April 30.Catapult Greater Pittsburgh will use the $3 million to acquire and rehab vacant or abandoned properties in the community in an effort to stabilize neighborhoods and keep property in the hands of the community. Catapult will also use the funding to support their CLEAR (Clinic for Legal Equity and Repairs) program, which supports people living in Allegheny County who do not have a legal title to the property in their name. CLEAR participants are eligible for home repairs, title clearance, and estate planning to ensure that they can grow their wealth andtransfer assets across generations.“A big portion of our city’s disrepair, vacancy, and abandonment issues can be attributed to tangled title issues, particularly in low-income, Black communities,” said Tammy Thompson, Executive Director, Catapult Greater Pittsburgh, in a statement. “Families are losing billions of dollars in generational wealth across the country because of this issue, and we’re excited that we...