Matzie: Monaca project awarded $1.2 million state tax credit

Financing will help construction of 39-unit housing building

Rep. Robert Matzie    November 10, 2022 | 3:59 PM

AMBRIDGE, NOV. 10 – A four-story 39-unit housing building in Monaca has been awarded $1.2 million in state housing tax credit funding, state Rep. Rob Matzie announced today.

“This marks another major state financial investment in our communities,” said Matzie, D-Beaver. “Since taking office I’ve worked here and in Harrisburg to leverage these kinds of investments to help fund local projects, and I am dedicated to continuing to do so. This is a very competitive funding program, and I want to congratulate Monaca, and all the people who worked to make this happen.”

The $1.2 million tax credit was awarded today by the Pennsylvania Housing Finance Agency through the Pennsylvania Housing Affordability and Rehabilitation Enhancement program.

More information on the tax credits is available at https://www.phfa.org/legislation/act105.aspx.

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