Module closes on land and financing for mixed income development in Garfield

PITTSBURGH, PA – November 19th, 2019 – Pittsburgh based housing start-up, Module, closed on land and financing for its latest four-unit mixed-income development in Pittsburgh’s neighborhood of Garfield. The homes will be built to the US Department of Energy “Zero Energy Ready Standard” which means lower utility bills, less maintenance, and a healthier materials in the home. Located on three vacant parcels on Black Street, the development will include one affordable house, one market rate house, and a duplex. Brian Gaudio, CEO of Module is eager to break ground and begin construction

“The development on Black Street is a team effort. We have outstanding partners including the Bloomfield-Garfield Corporation and the Urban Redevelopment Authority of Pittsburgh. Our team is excited to deliver high-quality homes and contribute to sustainable neighborhood development in Garfield.” 

Financing for the project comes from Dollar Bank and the Urban Redevelopment Authority of Pittsburgh. Jennifer Wilhelm, Assistant Director for the URA’s Center for Innovation and Entrepreneurship worked closely with Module throughout the financing process: 

“Module is creating innovative, smart homes that reimagine the traditional notions of how families live. Their work will set a new standard for what is possible in home construction. At the Urban Redevelopment Authority, we recognize the power of innovation to change lives. It is for this reason that we are excited to support Module’s efforts.”

Module is also engaging several building product suppliers in this project to spur innovation in the construction process. These companies, considered “Module Innovation Partners,” include Lowes, Cobalt Creed, IKEA, Mitsubishi, and Dupont

Construction, which will be led by local contractor BlockHouse Residential, is planned to start in December of this year. Both the affordable and market rate homes are available for presale and the market rate home is listed in partnership with Piatt Sotheby’s. Upon completion of this development, Module plans to continue building right-sized projects on vacant lots throughout the city.