Trending...
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- From Real Estate to Reel Power: H.L Woods Carves His Legacy as a Cutting-Edge Visionary Filmmaker
- SacraPod Suites Unveils AI-Powered 'Work + Rest' Smart Hospitality Model for Retrofitting Underused Motels Across the U.S
HARRISBURG, Pa., Sept. 14, 2021 /PRNewswire/ -- The Pennsylvania Housing Finance Agency today is issuing a Request for Proposals soliciting applications from organizations for projects to improve the availability and affordability of housing across the commonwealth. Funding for this RFP is being provided through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) Fund. The total PHARE funding available this year exceeds $45 million.
PHARE receives its funding from the impact fee levied on natural gas drilling companies and a portion of the Realty Transfer Tax. Funding is available for housing initiatives in all of Pennsylvania's 67 counties. PHFA is charged with administering the allocation of PHARE dollars.
"Over the past nine years, the PHARE program has grown to become one of our most successful programs for funding the preservation and addition of affordable housing in the commonwealth," said PHFA Executive Director and CEO Robin Wiessmann. "Organizations in all 67 counties have been excellent partners for their use of PHARE dollars to effectively address local housing needs."
PHARE applications can be completed entirely online, eliminating the need for paper submissions and simplifying the process for applicants. The RFP is located on PHFA's website at https://www.phfa.org/legislation/act105.aspx, and the application is accessible on the PHARE webpage at https://phare.phfa.org/. Applications are due to PHFA no later than 2 p.m. on Friday, Nov. 19.
More on The PennZone
PHFA is planning two, 90-minute informational webinars for organizations interested in applying for PHARE funds. Both webinars will cover the same information. Webinar dates and times are:
Interested groups are encouraged to watch the PHARE webpage, noted above, for links to be posted for webinar registration. Questions also may be directed to Bryce Maretzki at PHFA via email at [email protected] or by phone at 717.780.1867.
The PHARE fund has been allocating money for local housing initiatives since 2012. These funds have resulted in significant benefits that include:
About PHFA
More on The PennZone
The Pennsylvania Housing Finance Agency works to provide affordable homeownership and rental housing options for older adults, low- and moderate-income families, and people with special housing needs. Through its carefully managed mortgage programs and investments in multifamily housing developments, PHFA also promotes economic development across the state. Since its creation by the legislature in 1972, it has generated more than $15.4 billion of funding for more than 183,500 single-family home mortgage loans, helped fund the construction of 138,000 rental units, distributed approximately $191 million to support local housing initiatives, and saved the homes of nearly 50,400 families from foreclosure. PHFA programs and operations are funded primarily by the sale of securities and from fees paid by program users, not by public tax dollars. The agency is governed by a 14-member board.
Media contact:
Scott Elliott
[email protected]
717-649-6522 (cell)
SOURCE Pennsylvania Housing Finance Agency
Related Links
www.phfa.org
PHARE receives its funding from the impact fee levied on natural gas drilling companies and a portion of the Realty Transfer Tax. Funding is available for housing initiatives in all of Pennsylvania's 67 counties. PHFA is charged with administering the allocation of PHARE dollars.
"Over the past nine years, the PHARE program has grown to become one of our most successful programs for funding the preservation and addition of affordable housing in the commonwealth," said PHFA Executive Director and CEO Robin Wiessmann. "Organizations in all 67 counties have been excellent partners for their use of PHARE dollars to effectively address local housing needs."
PHARE applications can be completed entirely online, eliminating the need for paper submissions and simplifying the process for applicants. The RFP is located on PHFA's website at https://www.phfa.org/legislation/act105.aspx, and the application is accessible on the PHARE webpage at https://phare.phfa.org/. Applications are due to PHFA no later than 2 p.m. on Friday, Nov. 19.
More on The PennZone
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
- CLASS ACTION REMINDER: Berger Montague Advises Hims & Hers Health Inc. (NYSE: HIMS) Investors to Inquire About a Securities Fraud Lawsuit by August 25, 2025
- Colbert Packaging Announces WBENC Recognition
- SHI Cryogenics Group Launches Highest-Capacity Single-Stage Cryocoolers to Date
PHFA is planning two, 90-minute informational webinars for organizations interested in applying for PHARE funds. Both webinars will cover the same information. Webinar dates and times are:
- Sept. 21 at 10 a.m.
- Sept. 28 at 2 p.m.
Interested groups are encouraged to watch the PHARE webpage, noted above, for links to be posted for webinar registration. Questions also may be directed to Bryce Maretzki at PHFA via email at [email protected] or by phone at 717.780.1867.
The PHARE fund has been allocating money for local housing initiatives since 2012. These funds have resulted in significant benefits that include:
- More than 7,200 individuals and families have received rental or utility assistance
- More than 2,000 homes have been rehabilitated and preserved for continued use
- More than 2,600 new rental units have been created
- 180 new single-family homes have been constructed
- 420 future home sites have been prepared through site acquisition and demolition
- More than 250 new residents have received assistance to purchase their first home
- PHARE funds have been used to leverage an additional $800 million investment in housing across Pennsylvania
About PHFA
More on The PennZone
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- Federated Hermes Premier Municipal Income Fund declares dividend
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Vinnetwork Unveils Decentralized AI Platform with Vinnetwork(VIN) Token to Challenge Tech Giants' Data Monopoly
The Pennsylvania Housing Finance Agency works to provide affordable homeownership and rental housing options for older adults, low- and moderate-income families, and people with special housing needs. Through its carefully managed mortgage programs and investments in multifamily housing developments, PHFA also promotes economic development across the state. Since its creation by the legislature in 1972, it has generated more than $15.4 billion of funding for more than 183,500 single-family home mortgage loans, helped fund the construction of 138,000 rental units, distributed approximately $191 million to support local housing initiatives, and saved the homes of nearly 50,400 families from foreclosure. PHFA programs and operations are funded primarily by the sale of securities and from fees paid by program users, not by public tax dollars. The agency is governed by a 14-member board.
Media contact:
Scott Elliott
[email protected]
717-649-6522 (cell)
SOURCE Pennsylvania Housing Finance Agency
Related Links
www.phfa.org
Filed Under: Business
0 Comments
Latest on The PennZone
- The Waite Launches: A Curated Motherhood Marketplace For Every Stage
- Affordable, High-Quality Care: Cheap Braces for Adults Available from Exeter Smiles in Reading
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
- Sci-Fi Novel from Pittsburgh Author Explores Love, Power, & Humanity in an Age of Artificial People
- Exciting New Era of Sports, Entertainment & Gaming Innovation Spotlighted by Rebrand of Expanding AI Driven, Online Fan Engagement Company: SEGG Media
- Greenlight Networks to Acquire Loop Internet
- Finding the Best AC Repair Service in Philadelphia
- Service Ninjas Debuts First-of-Its-Kind "Membership" Platform for Home Service Pros
- BIYA Forecasts 2025 Surge with ¥300M ($41.8 M USD) in Revenue and ¥25M Profit from Cloud Based HR Solutions: Baiya Intl. Group (N A S D A Q: BIYA)
- Paul E. Saperstein Co. Announces Geographic Expansion of Auction Services
- Florida Broker Bent Danholm Featured in the Daily Mail's U.S. Real Estate Coverage
- Robin Launches Legal Intelligence Platform to solve intelligence gap in Fortune 500 legal teams
- Melissa B. Releases Digitally Independent: Empowering Music Artists with AI and Brand Strategy
- Consumer Accountability Alliance Issues Formal Notice Alleging Proximate Liability for Medical Harm
- Phillie Phanatic Joins the Together We Dance Foundation's Summer Dance Team to Celebrate Inclusion
- Utah Metal Fabricator Titan Forge Builds Momentum with Custom Steel Projects and Spiral Staircases
- Jason Koch: Pioneering the Future of Real Estate Development in New Jersey
- CLASS ACTION NOTICE: Berger Montague Advises Hims & Hers Health Inc. (NYSE: HIMS) Investors to Inquire About a Securities Fraud Class Action
- e4health Earns 2025-2026 Great Place To Work Certification™ for Fourth Consecutive Year
- Bach and Beyond: Cellists Return to the Beach for 2nd Annual Bethany Beach Cellofest