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19Apr

Governor Wolf Announces New PHARE Funding to Support Affordable Housing across Pennsylvania

Press Release from Governor Tom Wolf’s Office

Published: April 13, 2017

Harrisburg, PA – Governor Tom Wolf today announced recipients of a new round of funding for housing programs made available through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) fund. This funding is a portion of the Realty Transfer Tax earmarked through Act 58 of 2015 to support affordable housing statewide. The funding collected during the past fiscal year totals $12.03 million.

PHFA staff working on the PHARE program received and evaluated 140 proposals requesting support for housing initiatives in 49 counties. Governor Wolf today announced that 68 housing programs in 38 counties would receive allocations from this portion of PHARE funding.

“When we fund affordable housing, we not only help families with this basic need, but we also promote economic development through the construction work that’s stimulated,” said Governor Wolf. “The demand for affordable housing continues to outpace the housing stock that’s available, so the funding made available today will help address this critical unmet need.”

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