The Pennsylvania Housing Finance Agency (PHFA) recently opened the application period for projects to improve the availability and affordability of housing.
More than $41 million will be available through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) Fund.
“The PHARE program has been providing much-needed funding for local housing initiatives for the past eight years,” Robin Wiessmann, PHFA executive director and CEO, said. “It is today more clear than ever that affordable housing is critical for people to be successful in life, and PHARE has proven to be a tremendous tool for helping counties improve their housing resources for local residents.”
Applications will be accepted online only on the PHFA’s website and must be submitted on or before Nov. 20. Funding is open to projects statewide.
Informational webinars will be held Sept. 23 and Sept. 29 for interested applicants.
PHFA, which administers PHARE funds, works to provide affordable homeownership and rental housing options for older adults, low- and moderate-income families, and people with special housing needs. A portion of the Realty Transfer Tax and fees levied on natural gas drilling companies fund PHARE.
The fund launched in 2012 and has leveraged an additional $700 million investment in housing statewide.
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