Trending...
- Philadelphia's Own Reverend Jamie Knight Returns with "Award-Winning Love
- Only One Flight Stands Between Los Angeles Youth Leaders and a Life-Saving Mission in South Africa
- Heavy Duty Journal Surpasses 1000 Technical Articles for Diesel Technicians and Fleet Managers
Today's Funding Will Add Another 1,974 Affordable Rental Units in PA
Governor Tom Wolf today announced awards totaling more than $43.6 million in Low Income Housing Tax Credits, more than $7.4 million in PennHOMES funding, and more than $15.9 million in National Housing Trust Funds for the construction of 1,974 affordable multifamily rental units in Pennsylvania. The federal tax credits are administered by the Pennsylvania Housing Finance Agency and were approved by its board.
"The pandemic has shown just how important affordable housing is for people's health and quality of life," said Gov. Wolf. "I'm pleased that we are able to help fund the construction of these new rental units to meet the demand for more affordable housing in the commonwealth."
When completed, the developments receiving funding today will preserve and create an additional 1,974 total rental units, including 1,886 for low-income Pennsylvania residents, with 93 units for people at or below 30 percent of the area median income supported by the National Housing Trust Funds.
More on The PennZone
"Tax credits are the best tool we have for supporting the construction of affordable rental housing in Pennsylvania," said PHFA Executive Director and CEO Robin Wiessmann. "Our mission at PHFA is to expand affordable housing options for the state's residents, and these developments receiving tax credits today will help us do that."
The 37 multifamily housing developments that are being awarded tax credits today can be viewed on the PHFA website at: https://www.phfa.org/mhp/; see the list of tax credit recipients under "News: 2021" and dated 10/14.
SHARE Email Facebook Twitter
Governor Tom Wolf today announced awards totaling more than $43.6 million in Low Income Housing Tax Credits, more than $7.4 million in PennHOMES funding, and more than $15.9 million in National Housing Trust Funds for the construction of 1,974 affordable multifamily rental units in Pennsylvania. The federal tax credits are administered by the Pennsylvania Housing Finance Agency and were approved by its board.
"The pandemic has shown just how important affordable housing is for people's health and quality of life," said Gov. Wolf. "I'm pleased that we are able to help fund the construction of these new rental units to meet the demand for more affordable housing in the commonwealth."
When completed, the developments receiving funding today will preserve and create an additional 1,974 total rental units, including 1,886 for low-income Pennsylvania residents, with 93 units for people at or below 30 percent of the area median income supported by the National Housing Trust Funds.
More on The PennZone
- Is the Market Missing One of the Most Undervalued Cybersecurity Companies on the Stock Market? Cycurion, Inc. (N A S D A Q: CYCU):
- Billion-Dollar Scale Global Technology Powerhouse Being Built with Expanding Government Contracts: Circle8 Group (N A S D A Q: CIRC)
- Nevada Boxing Hall of Fame Gears Up for Star-Studded 14th Annual Induction Gala Weekend
- MedSocially Expands Access to Healthcare Networking Platform
- New Thriller 'Counterframe' Explores the Hidden Vulnerabilities of Modern Society
"Tax credits are the best tool we have for supporting the construction of affordable rental housing in Pennsylvania," said PHFA Executive Director and CEO Robin Wiessmann. "Our mission at PHFA is to expand affordable housing options for the state's residents, and these developments receiving tax credits today will help us do that."
The 37 multifamily housing developments that are being awarded tax credits today can be viewed on the PHFA website at: https://www.phfa.org/mhp/; see the list of tax credit recipients under "News: 2021" and dated 10/14.
SHARE Email Facebook Twitter
0 Comments
Latest on The PennZone
- Appliance EMT Expands Built-In and Walk-In Refrigerator Service in Metro Atlanta
- LawProactive Launches SB 37-Compliant Attorney Marketing Software With Exclusive City Territories Across California
- Cogs and Marvel expands EMEA leadership team for next phase of growth
- Beat the Philly Heat: Mid-July AC Boost
- Dave Freer's "Storm-Dragon" Wins First-Ever Prometheus Special Award For Young Adult Fiction
- T. Jones Group Celebrates Two Wins and Multiple Project Nominations at the 2026 HAVAN Awards
- Studica Robotics Supports Robotics Training Camp for WorldSkills Shanghai 2026
- Lineus Medical Renews Agreement with Vizient, Delivering Enhanced Value for Vizient Members
- Pittsburgh Divorce Attorney Candice L. Komar Elected Chair of PBA Family Law Section
- Grace Montessori School Receives $30,000 from Payne Foundation and $12,000 from Trexler Trust to Sup
- Qscription Technologies Appoints Radiology Industry Veteran Elliot Silverman to Advisory Board
- Search Is Broken. Curated Discovery Is the Future
- 20 Ways to Save Money Running a Van
- How Fortress Law Group Turned a DUI Arrest in Ohio Into a Full Acquittal at Trial
- Breaking the Silence: Tour Sparks National Conversation on Men's Mental Health and Domestic Abuse
- Mr. Hospital Bed Helps Home Care Buyers Find the Right Hospital Bed
- New School Announces Student Enrollment
- Able Rooter Expands Services to Offer Premium Water Heater Installation Across St. Louis
- Director Sean McNamara Reunites with Award-Winning Cinematographer Shawn Seifert for Upcoming Feature Home
- J. Kenton Pierce Wins Prometheus Award for Best Novel