Trending...
- Equipment Leases, Inc. Launches Updated Family Office Equipment Financing Page
- Haven Media Solutions Offers Web Design and PPC Services in Atlanta GA
- Expanding Access to Mental Health Care in Toronto with Dr. Stephen Shainbart
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
- DuoKey Launches Quantum Risk Score to Help Enterprises Prioritise Post-Quantum Cryptography Migration
- Top 5 Most Reliable Used Vans in the UK in 2026
- Dominican Fashion Designer Raiza Bonaparte presents the Sovereign Despampanante Collection at the Library of Congress
- Roohid Parast on How AI Is Changing What Bench Scientists Can Do
- What Happens When Congress Says No? New Book Examines the Boland Amendments, Iran-Contra Affair & Jamaican Posse, as US Congress Debate Over Military
"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
- Lighthouse 153 Brings Fresh Seafood, Craft Beer, and Coastal Charm to Downtown Hanover This Summer
- Inframark–Slater Joint Venture Selected to Manage Fulton County Wastewater Operations
- Cancun International Airport Reports Strong Start to Summer 2026 Travel Season
- Freedomtech Solutions Launches the World's First Pre‑Installed Agentic AI Server — Instant, Sovereign, Infrastructure‑Native Intelligence
- GitKraken Introduces Code Flow, a Framework for Software Development in the Agentic Era
- Nola Blue Records announces new album from The Anthony Paule Soul Orchestra featuring Willy Jordan
- RIGHT CARS Announces Landmark African Expansion Through Strategic Collaboration Agreement Across Eight Nations
- Kyle Schwarber Surprises Local Fan After Heartbreaking Loss
- Custom Woodworker Launches Updated Website
- Boston Industrial Solutions' Natron® 717N Series UV LED Ink Receives CPSIA Certification
- purelyIV Expands Mobile IV Therapy to Jackson, MI and Launches PlaqueX® IV Therapy
- Leimert Juneteenth Community Celebration Set for Friday, June 19, in Leimert Park Village
- UK Financial Ltd Publishes Maya Preferred Public Proof Package and CoinMarketCap Supply Verification Evidence
- Justice Advisory Group Expands Federal Sentencing, Prison Preparation and Reentry Support Services
- Advancing High-Potential Nevada Critical Minerals Portfolio as Major Drill Program Nears Assay Results: Glenstar Minerals: Stock Symbol: GSTRF
- Allstream Energy Partners to Host 6th Executive Networking After 2026 Energy Projects Conference
- CAPHRA: Australia and Thailand show nicotine prohibition fuels illicit markets
- Custom Disposables - Wholesale Packaging Solutions for restaurants, food chains, and food distributors
- California Security Glass is an affordable bulletproof glass installation company in LA serving a variety of neighboring cities
- Allstream Energy Partners Announce Media Partnership with the 2026 EPC Show - The Energy Projects Conference