Housing Funding

Philadelphia – July 12, 2019 – Sen. Larry Farnese (D-Philadelphia) announced that thirteen development and rehabilitation projects for low-income housing in Philadelphia have been approved through the Pennsylvania Housing Finance Agency (PHFA).

“Philadelphia’s growing population is always in need of more affordable housing opportunities,” said Farnese. “I am pleased to see these numerous projects approved for funding as they will ensure safe and affordable housing for many residents in need.”

The approved projects include:

  • 1301 North 8th Street – $1,201,738 of Low-Income Housing Tax Credits for the construction of one four-story building that will house 40 efficiency units for formerly homeless individuals;
  • Holy Trinity Baptist Church Enterprises, Inc.’s Fitzwater Homes Preservation Project – $200,000 of PHARE funding to rehabilitate and preserve 22 existing units of low-income family housing in Philadelphia’s Graduate Hospital Neighborhood;
  • City of Philadelphia Office of Homeless Services’ Philadelphia Co-Living Program – $200,000 of PHARE funding to turn seven properties into affordable, co-living units and assist landlords with necessary repairs to eliminate property maintenance code violations;
  • Women Against Abuse, Inc.’s Rapid Re-Housing and Case Management for Survivors of Domestic Abuse – $100,000 of PHARE funding to enhance affordable housing for low-income domestic violence survivors and their families and provide comprehensive case management services thorough the Safe at Home program;
  • Philadelphia Housing Authority’s PhillySEEDS First Time Homebuyer Closing Cost Assistance Program – $50,000 of PHARE funding to assist approximately 37 low-income households in buying their first homes;
  • Ceiba’s Free Income Tax Preparation Services – Gateway to Housing Counseling – $50,000 of PHARE funding to connect an additional 300 low-to-moderate income families to PHFA financial coaching and housing counseling;
  • Community Legal Services’ Pilot Project to Assist Seniors Facing Loss of Homes – $300,000 of PHARE funding to continue the program that provides housing counselors and legal services to assist low-income seniors vulnerable to losing their homes at property tax foreclosure sheriff sales;
  • Philadelphia Energy Authority’s Solarize Philly Special Financing – $200,000 of PHARE funding to ensure that low-to-moderate income households can access utility savings through solar energy;
  • Action Wellness’ Action Wellness Reentry Housing Project – $75,000 of PHARE funding to provide permanent housing for vulnerable young adults and provide case managements, housing counseling, housing establishment grants, and rental assistance to reduce risk of criminal recidivism.
  • Urban Affairs Coalition’s Philadelphia Home Buy Now – $100,000 of PHARE funding to engage Philadelphia-based employers in offering homeownership incentives for low-to-moderate employees and expand financial education opportunities;
  • Philadelphia Association of Community Development’s Health & Housing Partnership Program – $50,000 of PHARE funds to develop models that will foster financing and investment opportunities by health care institutions to support affordable housing options for low-income residents;
  • Philadelphia Council for Community Advancement’s Mortgage Retention Fund – $15,000 of PHARE funding to assist homeowners in danger of foreclosure; and
  • United Communities Southeast Philadelphia’s Housing Agency Enhancement – $15,000 of PHARE funding to continue offering financial assistance to residents in need of settlement, foreclosure, eviction, and tax support.

“The variety of these projects demonstrates the great need to ensure that all Philadelphians are able to access housing and the assistance programs that are available to them,” Farnese said.

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