HARRISBURG – More than $2 million dollars will be distributed to four counties in the 23rd Senatorial District through the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund (PHARE), according to State Senator Gene Yaw (R-23).
Yaw announced today that $2,866,000 has been authorized for programs and projects to help communities address housing and homelessness in the Marcellus Shale region. The funding was approved by the Pennsylvania Housing Finance Agency (PHFA), which administers the PHARE Fund, also known as the ‘Housing Trust Fund’.
“For the first time in two years, the PHARE fund now has a dedicated source of revenue with monies from Marcellus Shale development,” Yaw said. “This funding will create, rehabilitate and preserve affordable quality housing across the Northern Tier. I commend the staff and members of PHFA for fully funding these projects in my district.”
Projects to receive funding include:
$1,275,000 – Bradford
- ($275,000) Rental Rehabilitation Program
- ($500,000) Wyalusing Meadows (LIHTC)
- ($500,000) 400 Main (LIHTC)
$1,100,000 – Lycoming
- ($500,000) Memorial Homes LIHTC
- ($400,000) Grove Street Commons LIHTC
- ($200,000) Brodart Neighborhood Improvement District
- ($80,000) Rental Assistance Program
$411,000 – Susquehanna
- ($411,000) Rental Rehabilitation Program
Created by Act 105 of 2010, the Housing Trust Fund was the recipient of over $8 million dollars, which will be distributed in specific Commonwealth counties.
“I am very pleased that the impact fee revenue that is being directed into the program will provide thousands of Pennsylvanians the opportunity to live in affordable and safe homes across the state, while also providing rental assistance and expanding more homeownership opportunities.”
Contact: Rita Zielonis