State budget allocates more funding for low-income housing

From: Philadelphia Tribune

Part of the just-passed Pennsylvania budget includes a significant increase in funding for affordable housing aimed at helping low-income residents statewide.

The budget raises the cap on the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund (PHARE) by $15 million, bringing the annual total to $40 million in funds targeted for the creation, rehabilitation and support of affordable housing throughout the state.

“I was very pleased that our affordable housing plan passed, and let me tell you what that means,” said state Sen. Art Haywood (D-Philadelphia/Montgomery), the primary sponsor of the bill that increased the funds for PHARE.

“That means new construction of housing. That means home-ownership opportunities. That means fixing up homes that are in need of repair. That means giving housing counseling so that people can avoid foreclosure.

“This is a tremendous victory and something that we have been fighting for for a number of years,” he said.

Read the full article here.

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