Jan. 03--The new leader of an Allegheny County commission responsible for arranging the sale of tax-exempt bonds on behalf of universities, hospitals and charter schools wants to raise its profile.
Victor H. Diaz, 56, of Monroeville will chair the Finance and Development Commission. Fellow commissioners voted for Diaz at their Dec. 17 meeting.
"To me, it's all about what can we do to make this region better as a whole," Diaz said.
The seven-member panel manages the Allegheny County Industrial Development Authority, the Allegheny County Hospital Development Authority, the Allegheny County Higher Education Building Authority and the Allegheny County Residential Finance Authority.
As chair, Diaz expects to become the commission's public face and assist the county in marketing the four authorities to hospitals, schools, universities and housing developments seeking tax-exempt, low-interest bonds.
Diaz replaces former Chairman Jim Edwards, who retired last year. Former county Executive Dan Onorato appointed Diaz to the board.
In 2013, the commission approved $650 million in bonds for West Penn Allegheny Health System, $5.5 million for an 84-unit housing development in North Versailles, $35 million to Point Park University and $12 million to Propel Charter Schools.
Diaz emigrated from Cuba, arriving in New Jersey in 1966. He moved to the Pittsburgh area in 2000. He is president of VideoTek Construction, which cleans and inspects sewers. He helped found the Pittsburgh Metropolitan Area Hispanic Chamber of Commerce.
The commission will hold its first meeting of 2014 on Jan. 28 in One Chatham Center, Suite 900.
Aaron Aupperlee is a staff writer for Trib Total Media.
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Original headline: Diaz to head Allegheny County finance commission
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