Conklin: $1.37 million in funding to Centre County will assist, expand affordable housing options
HARRISBURG, July 15 – Centre County will be able to expand the availability of affordable housing options thanks to $1.37 million in funds provided through the Pennsylvania Housing Affordability and Rehabilitation Enhancement fund, state Rep. Scott Conklin announced today.
“These funds will positively impact thousands of residents in Centre County, with the end result being a place they can call home,” said Conklin, D-Centre. “These funds can be used to provide assistance with rent or utility payments, a down payment or closing costs on a new house, or refurbishing abandoned buildings or lots into affordable housing.”
PHARE funding was awarded to the following organizations (including the project and amount):
- Housing Transitions (THF Energy Affordable Rental Rehab) – $50,000
- State College Borough (State College Borough – Energy Housing Rehabilitation Project) - $75,000
- Mulligan & Longeran Associates, Inc. (Cherry Lane Apartments/LIHTC) – $1,174,000
- State College Community Land Trust (SCCLT Energy Housing Rehabilitation Project) – $50,000
- Centre County Government (PHARE Rental Assistance Program) – $22,000
PHARE program funding comes from a portion of the impact fees collected from natural gas companies operating in Pennsylvania and addresses the housing shortages caused by the impact of drilling. Those funds are supplemented with two additional funding sources, including a portion of the realty transfer tax and money from the National Housing Trust Fund.
More information is available at the following link: https://www.phfa.org/legislation/act105.aspx