Trending...
- New Book Warring From the Standpoint of the Throne Room Calls Believers to Pray From Victory
- Quadcode Acquires Significant Stake in Game 7, LLC - The Parent Company for FPFX Tech and PropAccount.com
- Bent Danholm Named "Top Luxury Real Estate Leader" in Modern Luxury Miami
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
- Melzi Job Coach Launches on iOS and Android: A Privacy-First AI Career Engine Built for Execution
- Technology Leader and Army Veteran Releases Memoir on Late Autism Diagnosis
- Training Lofts Launches $1,099 Unlimited Training Membership Featuring Semi-Private Coaching, Nutrition Support, and Recovery Services
- God's Meal Barrel Announces Participation in Give Local York
- American Properties Realty, Inc. Leadership Attends NAHB International Builders' Show in Florida
"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
- Peccioli Becomes New Orleans: In July 2026, the magic of jazz comes to Tuscany
- $6 Million Funding Secured as Retail Expansion, Operational Streamlining, and Asset-Light Strategy Position the Company for Accelerated Growth $SOWG
- The "Unsexy" Business Quietly Creating 130+ New Entrepreneurs Across America — From Alaska to Puerto Rico
- Veteran Launches GTG Energy: Nicotine-Free Pouch as Americans Rethink Addiction, Focus, and What Fuels Performance
- RecallSentry™ App Launch — Your Home Safety Hub — Free on iOS & Android
- Award-Winning Director Crystal J. Huang's Under-$50K Film "The Ritual House" Wins Best Horror Feature at Golden State Film Festival
- Grads aren't getting hired — here's what we're doing about it
- L-Tron Returns from a Successful PACK EXPO East Conference
- K2 Integrity Enhances Technology Capabilities Through Acquisition of Leviathan Security Group
- #WeAreGreekWarriors Comes to Detroit in Celebration of Women's History Month
- JKS Financial Marks Five-Year Partnership with University of Pittsburgh Basketball, United Way
- Energywise Solutions and Pickleball Pros Partner to Bring More Energy and Visibility to Pickleball Clubs
- Buildout Launches CRM, Completing the Industry's First AI-Powered End-to-End Deal Engine for CRE
- The Franchise King® Releases Free Guide for Nervous Buyers
- Kanguro Insurance Taps Paylode to Launch Best-in-Class Pet and Renters Insurance Rewards Experience
- CCHR: CIA Mind-Control Files Raise Urgent Questions as Millions Take Psychotropic Drugs
- NRx Pharmaceuticals Launches Breakthrough One-Day Treatment Clinic in Florida as FDA Pathway and Clinical Data Strengthen Growth Outlook; $NRXP
- Revenue Optics Launches Talent Infrastructure Platform for SaaS Revenue Hiring and Appoints Sabz Kaur to Lead Growth
- Building a Multi-Domain Autonomous Systems Platform at the Intersection of AI, Defense and Infrastructure: VisionWave Holdings (N A S D A Q: VWAV)
- Bent Danholm Named "Top Luxury Real Estate Leader" in Modern Luxury Miami