Philadelphia — August 13, 2020 — State Senator Vincent Hughes (D-Philadelphia/Montgomery) proudly announced that millions in state funding and tax credits for affordable housing initiatives had been awarded in the 7th Senatorial District Thursday.
“I cannot overstate the impact the funding announced today will have in our community,” Sen. Hughes said. “Quality, affordable housing has been out of reach for many of our people for far too long. This is another positive stop in the right direction. I am extremely grateful for these investments in affordable housing, and I will continue to fight to expand access to affordable housing in the district and across the commonwealth.”
The projects were awarded by the Pennsylvania Housing Finance Authority (PHFA) through the Pennsylvania Housing Access Rehabilitation Enhancement (PHARE) Fund and the federal Low Income Housing Tax Credit (LIHTC) program.
Projects receiving awards in Senator Hughes’ district include:
- Pennrose Properties was awarded $1.5 million for its Strawberry Mansion Village project
- The Lomax Company was awarded $1 million for its Village Square on Haverford project
- Mission First was awarded $1 million for its Parkside Neighborhood Preservation project
- The City of Philadelphia’s Office of Homeless Services was awarded $1 million for its Home 2020 project
- Gaudenzia West Mill Place was awarded $500,000 for an accessible housing development project
- The Montgomery County Department of Housing and Community Development was awarded $500,000 for its Your Way Montgomery County project
- The Local Initiatives Support Corporation was awarded $250,000 for the Preservation Network initiative
- Ignatius Nursing and Rehabilitation Center was awarded $200,000 for the Francis House development
- Liberty Resources was awarded $75,000 for home repair and pest eradication efforts
- Deliverance Community Development Corporation was awarded $75,000 for housing counseling services
Liberty Resources was awarded $65,000 pre-purchase counseling and foreclosure intervention efforts
- The Philadelphia Association of Community Development was awarded $50,000 for its Respite Housing Program
- Genesis Housing Corporation was awarded $50,000 for its Housing Counseling Program
- Intercultural Family Housing Services was awarded $35,000 for housing counseling efforts
- Center in the Park was awarded $35,000 to expand its housing counseling offices
The senator has launched the New Deal for a New Pennsylvania and a key component of the push is expanding affordable housing access. He and his colleagues in the Pennsylvania Senate Democratic Caucus advocated for a 40 percent increase to the PHARE program’s resources for in the 2019-20 budget.
LowIncomeHousingTaxCredits