Gov. Tom Wolf Thursday announced recipients of a new round of funding for housing programs made available through the PA Housing Affordability and Rehabilitation Enhancement (PHARE) fund.
The governor named 137 housing and community development initiatives in 52 counties that will share a portion of the total $26.6 million in PHARE funding for fiscal year 2017-18. The PHARE fund is managed by the Pennsylvania Housing Finance Agency.
“For many families today, too much of their paycheck goes to housing, leaving little for food, transportation and other necessities,” said Gov. Wolf. “Housing that is affordable is critical for helping families and communities thrive. That’s why I’m so pleased to announce this funding that will be used to preserve and expand the amount of affordable housing available in our state and address unmet community revitalization efforts.”
Funding for the PHARE program comes from three main sources. Since 2012, the program has received a portion of the Act 13 drilling impact fees collected from natural gas companies operating in the state with the goal of addressing the housing shortage caused by the impact of drilling.
That is supplemented with two major new funding sources that include a portion of the realty transfer tax and money from the National Housing Trust Fund.
Click Here for the complete announcement.
Subscribe to:
Post Comments
(
Atom
)
No comments :
Post a Comment