Saucon Source (https://sauconsource.com/2022/06/16/affordable-housing-projects-receive-over-1-million-in-state-aid/)
State Sen. Lisa Boscola (D-18) announced last week that six affordable housing projects in the 18th Senatorial District have been approved for up to $1,021,221 in funding through the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund (PHARE), which is managed through the Pennsylvania Housing Finance Agency.
“The need to provide affordable housing has always been critical here in the Lehigh Valley and that need has only been magnified in the past few years,” Boscola said.
“PHARE is an important tool through which funding can be distributed into our local communities who are in desperate need to provide affordable housing opportunities,” she added. “By doing so, the Commonwealth can make a positive impact in revitalizing local communities.”
Funding for the PHARE program comes from three main sources: a portion of the impact fee from natural gas drilling, a portion of the realty transfer tax and money from the National Housing Trust Fund.
The six projects in the 18th Senatorial District were funded through the realty transfer tax.
Note: The information in this story was included in a news release from state Sen. Lisa Boscola’s office.
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