Snyder: $1.4 million approved for Brownsville revitalization project
Senior housing project dovetails with extensive downtown renewal plans
HARRISBURG, May 14 – State Rep. Pam Snyder, D-Greene/Fayette/Washington, said the Pennsylvania Housing Finance Agency today approved $750,000 in funding and $692,279 in tax credits to launch the Brownsville Senior Housing Project.
“The financing is crucial to the exciting renewal efforts under way in downtown Brownsville,” Snyder said. “It’s a red-letter day for the borough, whose future now appears exponentially brighter.”
The project, expected to begin this summer, features rehabilitation and new construction at 5 Market St. to include 24 affordable, senior housing apartments augmented by first-floor retail outlets and 17 parking spaces.
Snyder said the project meshes beautifully with the nearby Snowdon Square project to rehabilitate vacant lots along Market Street into a town square with stage for community events as well as Riverside Wharf Park improvements.
“Three historic, downtown buildings also are being restored by the Brownsville Area Revitalization Corporation, and the Brownsville Library is being expanded,” Snyder said. “The pace of renewal is quickening in Brownsville, providing tremendous encouragement for further improvements.”
The $750,000 PennHOMES funding from PHFA and federal accounts offers 0 percent interest and deferred payments to support development of rental housing. The tax credits, administered by PHFA, also are used to stimulate construction of affordable housing.
The PHFA funding announced today follows approval in October 2014 of a $175,000 state grant for Snowdon Square.
“So many people deserve to take a bow for the remake of Brownsville, including the students at Brownsville High School, borough and county officials, the TREK Development Group and Heinz Endowments,” Snyder said. “The entire community is invested in the rebirth of Brownsville.”
Gov. Tom Wolf said the PHFA financing approved today will preserve and create almost 1,900 rental units across the state.