Thursday, October 13, 2016

PA Housing Finance Agency Awards $6.2 Million In Housing Grants From Drilling Fees

The PA Housing Finance Agency Thursday announced its board approved $6.2 million for 40 housing projects to improve the availability and affordability of housing in 29 counties.
These projects are being supported by the PA Housing Affordability and Rehabilitation Enhancement Fund, which is administered by PHFA and funded by the 2012 Act 13 impact fee on natural gas producers.
"The PHARE program is doing a terrific job of helping to address the housing shortage created by the growth of the natural gas industry in the Marcellus Shale region," said Gov. Tom Wolf. "Local governments are directing the funding to projects that can produce the most positive impact by rehabilitating housing, or building new housing, that is affordable in their communities."
"Now in its fifth year, the PHARE program has proven its value to local community leaders who have played a vital role in its success," said Brian A. Hudson Sr., PHFA's executive director and CEO. "Since its inception, the program has invested more than $39 million into Pennsylvania communities, in addition to nearly $255 million of other leveraged funding, to complete these housing projects and programs.  The PHARE program provides a good example of state and local governments partnering to improve housing for Pennsylvanians."
A list of grants awarded is available online.
For more information, visit the PA Housing Finance Agency’s PHARE Plan webpage.

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