Check out the recent news below to see what is happening this week in Housing News.
Governor Wolf Approves $26.5 Million to Bolster Neighborhoods
Governor Tom Wolf announced the approval of $26.5 million in funding through the Neighborhood Assistance Program (NAP) to promote community participation and collaborations among nonprofits, businesses and residents while producing outcomes that assist a distressed area or the low-income population in a neighborhood. The credits will support 197 community revitalization projects across the commonwealth. (to read more, click the link above)
HUD Secretary Carson visits Bristol Opportunity Zone
Accompanied by Congressman Brian Fitzpatrick, HUD Secretary Ben Carson described benefits of housing and development programs to promote the revitalization of older communities like Bristol. Dr. Ben Carson, secretary of the Department of Housing and Urban Development, paid a visit to Bristol Borough on Friday to announce new initiatives to spur development in the old town along the Delaware as well as in the nation’s other 8,700 federal Opportunity Zones.Now, a home buyer who purchases a single-family fixer-upper in an Opportunity Zone can tack up to $50,000 in rehabilitation costs onto the mortgage to purchase the property using an FHA-insured 203(K) mortgage program. Previously, the limit was $35,000. (to read more, click the link above)
HUD: Homeless veteran numbers drop this year in Pennsylvania
Pittsburgh Tribune Review
Veteran homelessness in Pennsylvania dropped by nearly 13% in 2019, according to the annual Homeless Assessment Report by U.S. Department of Housing and Urban Development. Those numbers mirror the national trend, which HUD officials say continues to decline. “In Pennsylvania, we’ve made great strides over the years in our efforts to end veteran homelessness, with the commonwealth estimate dropping 40.5% since 2010,” said department regional administrator Joseph DeFelice. “We will continue to collaborate with our state, local and federal partners to make progress because one homeless veteran is one too many.” (to read more, click the link above)