Covington: More than $1.7 million in state tax credits awarded to local projects
Credits are designed to encourage development, affordable housing
HARRISBURG, June 13 – Nine local projects were collectively awarded more than $1.7 million in state tax credits to support safe and affordable housing in the local area, state Rep. Martell Covington, D-Allegheny, announced today.
“Safe and affordable housing is one of the major issues affecting families and people in our communities and region,” Covington said. “This tax credit program is designed to help fund housing and housing assistance programs. As lawmakers head to Harrisburg to work on next year’s budget, this is among the many issues I will be advocating for.”
The following are among some of the Allegheny County applicants awarded Pennsylvania Housing Affordability and Rehabilitation Enhancement funding during Thursday's Pennsylvania Housing Finance Agency board meeting:
- Park Hill Drive Transformation, $400,000 to stabilize and revitalize 20 single-family homes in the East Hills.
- Madiera Apartment Preservation, $250,000 credit to help rehabilitate nine affordable apartments for low-income tenants.
- Housing Connector, $200,000 credit to support the salary of a housing connector to help people with disabilities local and obtain affordable housing.
A complete list of projects can be found here. Funding for this round of PHARE applications came from two sources: Marcellus Shale Impact Fees and Realty Transfer Taxes.