Corbett Announces Funding, Tax Credits to Create Affordable Housing for
Harrisburg- Governor Tom Corbett today
announced the award of $20.4 million in federal tax credits and $8.5 million in
federal PennHOMES funding for the construction of 24 affordable, multi-family
housing developments in suburban and rural areas of Pennsylvania.
credits are administered by the Pennsylvania Housing Finance Agency (PHFA) and
were approved by its board.
quality housing should not be a dream for Pennsylvania families, it must be a
reality. Through this combination of tax credits and PennHOMES funding, we are
creating a stronger Pennsylvania,” Governor Corbett said. “This investment in
Pennsylvania families will not only build and refurbish affordable housing, but
it will also help to create good-paying jobs.”
credits will be used to attract more than $185 million of private investments
for building and rehabilitating multi-family housing that will offer affordable
rental fees. Through this effort, 1,248 rental housing units for low-to
moderate-income families will be created.
is anticipated that the tax credits awarded today will create 1,002
construction jobs and support 745 non-construction jobs.
low-income housing tax credits are the best investment tool available to us to
support the construction of affordable rental housing across Pennsylvania,” said PHFA Executive Director and
CEO Brian A. Hudson, Sr.
receiving tax credits today, Heidelberg Apartments, was selected by a group of
affordable housing professionals
for special recognition as a winner of an "Innovation in Design"
award. This award
recognizes one multi-family development proposal during each funding cycle that
demonstrates creative thinking and a unique approach to providing affordable
Apartments, located in Heidelberg, Allegheny County, is being developed by
ACTION Housing, Inc. and the Autism Housing Development Corporation of
Pittsburgh as a unique rental community of 42 units. Half the units in
the development will be reserved for people with autism. This proposal was
selected because of the opportunities that will be provided to the residents in
the form of transportation, employment and social services. Specific design
features will be incorporated to address the needs of residents with autism.
multi-family housing proposals that received tax credits or PennHOMES funding
Place, North Strabane Township, Washington County
Place, Bally, Berks County
Hill, Somerset, Somerset County
Apartments, Lancaster, Lancaster County
Place at Queen Street, York, York County
Acres, Oxford, Chester County
Hill Apartments, Franklin, Venango County
College View Towers, Grove City, Mercer County
County Senior Housing for Veterans, Butler, Butler County
Apartments, Heidelberg, Allegheny County
Mews, Bellefonte, Centre County
Crossing, Souderton, Montgomery County
Meadows, Wyalusing, Bradford County
Greene, Butler, Butler County
Park II, Woodlyn, Delaware County
Old School on Luzerne, West Pittston, Luzerne County
Senior Housing, Waynesburg, Greene County
Gate Apartments, Bellefonte, Centre County
Square, Orwigsburg, Schuylkill County
Neighborhood Restoration, Wilkinsburg, Allegheny County
Mills, Bloomsburg, Columbia County
Family Housing, Masontown, Fayette County
Senior Apartments, Westfall, Pike County
Ridge, Plum, Allegheny County
information about these developments is available on the PHFA website at: http://www.phfa.org/developers/. Click on the first bullet.
Pennsylvania Housing Finance Agency works to provide affordable homeownership
and rental housing options for older adults, low- and moderate-income families,
and people with special housing needs. Through its carefully managed mortgage
programs and investments in multifamily housing developments, PHFA also
promotes economic development across the state.
administers federal HOME funds on behalf of the Pennsylvania Department of Community and Economic
Chizmar, Governor’s Office, 717-783-1116
Elliott, PHFA, 717-649-6522