Ciresi announces $147,500 in state tax credits for Pottstown revitalization

Pennsylvania House Democratic Caucus    November 22, 2023 | 8:36 AM

HARRISBURG, Nov. 22 – State Rep. Joe Ciresi, D-Montgomery, announced today that the state had approved $147,500 in Neighborhood Assistance Program tax credits to assist Genesis Housing Corp. in its investment in revitalizing blighted properties in Pottstown.

“These state tax credits will help continue the important work of Genesis Housing Corp. in fighting blight and maintaining affordable housing in Pottstown,” Ciresi said. “This work will keep at-risk homeowners in safe and decent housing while revitalizing the communities around them. At a time when affordable housing is increasingly hard to find, this investment is important and will make meaningful impacts in people’s lives. I thank DCED, Genesis Housing Corp., and their business partners for making this investment in Pottstown.”

The investment will assist Genesis Housing Corporation’s rehabilitation projects in Pottstown:

  • $80,000 will be used to address neighborhood revitalization through mostly smaller scale improvement projects, housing rehab and facade grants. This money will support exterior renovations, housing counseling services, improved community access to gardens, and support for community improvement programs.
     
  • $67,500 will be used to continue the Pottstown Homeowner Property Rehab Program to provide rehab grants for at-risk populations. This program will provide eligible low-income homeowners with grants and technical assistance for critical home repairs, focusing on a single system such as heating, roofs, and plumbing. An expected 12-13 homes will receive grants, depending on the cost of renovations, helping preserve affordable housing and keeping low-income homeowners, seniors, and individuals with disabilities in safe and decent housing.

The Neighborhood Assistance Program is a tax credit program administered by the PA Department of Economic Development to encourage businesses to invest in projects that improve distressed areas.