{"id":6291,"date":"2025-10-17T20:51:08","date_gmt":"2025-10-17T20:51:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/6291\/"},"modified":"2025-10-17T20:51:08","modified_gmt":"2025-10-17T20:51:08","slug":"phfa-awards-66-5-million-to-develop-nearly-2000-affordable-housing-units-across-pennsylvania","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/6291\/","title":{"rendered":"PHFA Awards $66.5 Million to Develop Nearly 2,000 Affordable Housing Units Across Pennsylvania"},"content":{"rendered":"<p>HARRISBURG, PA \u2014 The <a href=\"https:\/\/www.mychesco.com\/a\/tag\/pennsylvania-housing-finance-agency\/\" rel=\"nofollow noopener\" target=\"_blank\">Pennsylvania Housing Finance Agency<\/a> (PHFA) has approved $66.5 million in low-income housing tax credits to support the construction and rehabilitation of 41 affordable multifamily housing developments across the Commonwealth. The funding will help create or preserve 1,946 rental units, including 1,900 designated as affordable housing for residents.<\/p>\n<p>The federal low-income housing tax credits, administered by PHFA and approved by its board, remain the state\u2019s most effective tool for encouraging private investment in affordable housing. The awarded projects span urban, suburban, and rural areas, addressing growing demand for accessible and sustainable rental options.<\/p>\n<p>\u201cTax credits are the main tool for PHFA to create affordable rental housing, and I\u2019m pleased we are awarding credit to developments that will make a difference for so many Pennsylvanians,\u201d said Robin Wiessmann, PHFA Executive Director and CEO. \u201cThe shortage of affordable housing is widely acknowledged. These credits are pivotal in helping to build and preserve homes that working families, seniors, and vulnerable Pennsylvanians can afford.\u201d<\/p>\n<p>In addition to the tax credit allocations, PHFA\u2019s board authorized the use of Pennsylvania housing tax credits and confirmed the agency will provide first mortgages and other soft funding sources to many of the awarded developments. These projects are expected to leverage a mix of local, state, federal, and private financing to complete construction.<\/p>\n<p>The full list of tax credit recipients is available on PHFA\u2019s website at <a href=\"https:\/\/www.phfa.org\/mhp\/\" rel=\"nofollow noopener\" target=\"_blank\">www.phfa.org\/mhp\/<\/a>, under \u201cNews &amp; Awards 2019 \u2013 Present,\u201d dated October 9, 2025.<\/p>\n<p>When completed, the 41 developments will expand affordable housing access for thousands of residents, helping to stabilize communities and strengthen Pennsylvania\u2019s housing infrastructure statewide.<\/p>\n<p>For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on <a href=\"https:\/\/news.google.com\/publications\/CAAqJggKIiBDQklTRWdnTWFnNEtERzE1WTJobGMyTnZMbU52YlNnQVAB?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\" target=\"_blank\" rel=\"noopener nofollow\">Google News<\/a> and <a href=\"https:\/\/www.msn.com\/en-us\/channel\/source\/MyChesCo\/sr-cid-AF4D10B27AA10316\" target=\"_blank\" rel=\"noopener nofollow\">MSN<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"HARRISBURG, PA \u2014 The Pennsylvania Housing Finance Agency (PHFA) has approved $66.5 million in low-income housing tax credits&hellip;\n","protected":false},"author":2,"featured_media":6292,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[2313,5649,5650,28,30,1990,29,5651],"class_list":["post-6291","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pennsylvania","tag-affordable-housing","tag-economic-inequality","tag-housing-in-pennsylvania","tag-pennsylvania","tag-pennsylvania-headlines","tag-pennsylvania-housing-finance-agency","tag-pennsylvania-news","tag-social-programs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/6291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=6291"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/6291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/6292"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=6291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=6291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=6291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}