Governor Wolf announces tax credit and PHARE awards
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, low-income housing tax credits and PennHOMES. He announced awards totaling $41.6 million in low-income housing tax credits and $7.7 million in PennHOMES funding for the construction of 39 affordable multifamily housing developments in Pennsylvania. The governor named 211 housing and community development initiatives in 67 counties that will share a portion of the total $51.2 million in PHARE fund. The PHARE fund is managed by the Pennsylvania Housing Finance Agency. The tax credits are administered by the Pennsylvania Housing Finance Agency and were approved by its board for fiscal year 2018-19. The tax credits are administered by the Pennsylvania Housing Finance Agency and were approved by its board.