Trending...
- Corcoran DeRonja Real Estate Welcomes Siobhán Simões to Its Growing Team
- Torch Entertainment Presents The Frozen Zoo
- Heritage At Manalapan - A New Luxury Single Family Home Community Coming Late 2025
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
- NorthSky Celebrates One-Year Anniversary
- Free At Last Bail Bonds Gives Back Through Major Holiday Food Distribution Efforts Across Metro Atlanta
- Discover Elevated Living - Preview the Stunning New Townhome Collection
- TownePlace Suites Prescott Valley, AZ Opens
- SIX7 Introduces Olfactory Neurodesign™ — The First Fragrance System Engineered to Influence Emotion, Memory, and Desire at the Neural Level
"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
- Bahamas Import Assistant Launches Same-Day Pet Permit Service Under BAHFSA's 2024 Expansion
- Liftoff Enterprises Launches Liftoff Spotlight,™ A Nationally Broadcast Platform Turning Conversations Into Revenue
- From November 24th to 27th, Fuqing Invites You to Join Us at BIG 5 to Jointly Build a New Future for Middle Eastern Architecture
- Dispelling Holiday Suicide Myth: CDC Data Shows Suicide Rates Lowest in December; International Survivors of Suicide Day Emphasizes Need for Action
- Stratum Nutrition's OVOLUX™ Named 2025 "Collagen Ingredient of the Year" by Beauty Innovation Awards
- Sons of Liberty Museum Unveils "America at 250" Mobile Exhibit on Veterans Day 2025
- Revenue Expansion, Regulatory Momentum, and a Leadership Position in the $750 Million Suicidal Depression: NRx Pharmaceuticals (N A S D A Q: NRXP)
- Bent Danholm Releases New Video Breaking Down the Rising Debate Over 50-Year Mortgages
- New Smile Now Introduces RAYFace 3D Scanner to Advance Digital Surgery
- Ali Alijanian, DDS Featured in The Profitable Dentist Magazine
- "Meet the Eatmons" Offer Financial Advice ahead of the Holidays
- CCHR: Study Finds Involuntary Commitment Fails to Prevent Suicide, Raises Risk
- Slotozilla's Q3 2025: SBC Lisbon Outcomes and Partnership Expansion
- Historic Announcement for the Global Car Rental Industry
- Siembra Brings 18 Latinx Artists Together in Brooklyn Exhibition
- Gramercy Tech Launches StoryStream
- Entrigue Magazine LLC Announces Strategic Media Partnership with Reewind Network LLC
- Turbo vs. Experts: Tracking OddsTrader's AI Performance at the NFL's Midpoint
- Outreaching.io Appoints Rameez Ghayas Usmani as CEO, Recognized as Best HARO Link Building Expert in the United States
- Winzele: A Trusted Isolation Transformer Manufacturer