HARRISBURG – A number of organizations across the 23rd Senatorial District today received funding through the Pennsylvania Housing Finance Agency’s (PHFA) Low Income Housing Tax Credits (LIHTC) and Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) program to provide affordable housing options to area residents in need, according to state Sen. Gene Yaw (R-23).
Senator Yaw said the PHARE program was established by Act 105 of 2010 to provide the mechanism for state or federal funds, as well as funds from other outside sources, to assist with the creation, rehabilitation and support of affordable housing throughout the Commonwealth.
“When we crafted the PHARE program, our goal was to direct a portion of the natural gas drilling fees back to communities in my district to help expand affordable housing opportunities now and for years to come,” Senator Yaw said. “Today, almost 10 years since the program was created, it still serves to assist residents with funding and resources to obtain affordable housing, particularly in this difficult time,” Yaw said.
Yaw said funding is provided through PHARE from three sources: Marcellus Shale Impact Fees, Realty Transfer Taxes and the National Housing Trust Fund.
A list of 13 approved projects in the region is attached.
For more state-related news and information, visit Senator Yaw’s website at www.SenatorGeneYaw.com, or on Facebook and Twitter @SenatorGeneYaw.