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$85M available for Pennsylvania affordable housing projects
Listen to this articleThe Pennsylvania Housing Finance Agency has put out a request for proposals soliciting applications from businesses and organizations for projects to improve the availability and affordability of housing.
The funding is being provided through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) Fund. The total PHARE funding available this year exceeds $85 million.
PHARE receives its funding from the impact fee levied on natural gas drilling companies and a portion of the Realty Transfer Tax.
To date, the agency said $435 million in PHARE grant awards have leveraged more than $2.3 billion from other funding sources – delivering a nearly six-to-one ratio in total funding for housing initiatives.
“Over 13 years, the impact of PHARE on housing across Pennsylvania has been tremendous,” said PHFA Executive Director and CEO Robin Wiessmann. “New affordable housing has been created, existing affordable housing has been preserved, and families that could have become homeless have places to live. We’re proud of the many ongoing successes of the program.”
The online application for funding can be found on the PHARE website at https://phare.phfa.org/.
The deadline for application submission is 2 p.m. on Thursday, Nov. 20.
PHFA is hosting a 90-minute informational webinar at 10 a.m. on Sept. 23 for organizations interested in applying for PHARE funds. Interested parties can register at https://www.phfa.org/legislation/act105.aspx.
