Trending...
- IDI Consulting Supports Crohn's & Colitis Foundation as Silver Sponsor for Pittsburgh Take Steps Walk
- Healthi Life, Bangkok's Urban Longevity House, Honoured at Asia-Pacific Awards 2025
- This Weekend Causeway Cove Country BBQ & Music Festival Returns for Fourth Year, Celebrating America's 250th Anniversary on the Water
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
- Senco Home Services Expands Residential Construction Services
- Ricci's Painting & Contracting Expands Home Transformation Services
- United Way and Community Partners Launch Relief Fund to Support Victims of the Six-Alarm Fire in Allentown
- Sylvester Anthony III Introduces His Artist Journey with Debut Single "Cherish"
- Boston Industrial Solutions Introduces High-Performance Primer for Bonding Liquid Silicone to Epoxy
"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
- K2 Integrity's U.S. and EMEA Teams Again Recognized in Chambers and Partners 2026 Guides
- Connecta Satellite Solutions Ready to Support Emergency Communications Following the Venezuela Earthquake
- Rare 1933 Harold Weston painting will be auctioned to benefit the Keene Valley Library
- $20 Million Revenue Target, Accelerating Growth, 7% Of Outstanding Shares Retired, Clear Path Toward Profitability: VSee Health, Inc N A S D A Q: VSEE
- HomeCentris Home Health Achieves 5-Star CMS Rating
- Adsoptia Launches AI-Powered Optimization Platform for a New Era of Autonomous Marketing Decisions
- Heritage at Manalapan Announces New Incentive: Included Finished Basement on Select Homesites
- Leicester UK Manufacturer Tabletop Tyrant Secures Flawless 100% Customer Satisfaction Rating Across 5,800+ Orders
- The Calida Group Announces Promotion of Joshua Nelson to President, Advancing Next Phase of National Growth
- Cango Mobility x Hikvision Announce Strategic Partnership
- Institute of Emerging Minds Publishes Framework for Glymphatic Clearance and Cognitive Optimization
- HomeCentris Healthcare Signs Definitive Agreement to Acquire S&K Holdings, Expanding Mid Atlantic Platform
- Nayarit Strengthens Its Position as a Global Surf Destination; Sayulita to Become Mexico's First Official Surf City
- Century Fasteners de Mexico Exhibiting at 2026 Farnborough International Airshow
- George Martinez Completes Community Re-distribution Initiative, Returning $5,000 In Campaign Resources To Anchorage Nonprofits
- Mister Omaha Tries The Turf At Lone Star Park
- Andrew D. Levine Releases The Lily Network, an Indian Noir Mystery of Power, Paperwork & Murder
- The Mapping Software Behind America's Viral Maps Just Got Faster and Smarter
- Longevityresearch.ca publishes cross-disease causal analysis quantifying endpoint reduction across 27 diseases
- Joulescope JS320 Launches to Help Engineers Develop Battery-Powered Devices with Greater Confidence