Frankel announces $1.26 million in funding to expand affordable housing options in Allegheny County
HARRISBURG, July 11 – Allegheny County will be able to expand the availability of affordable housing options, including the Flats on Forward project in the Squirrel Hill neighborhood of Pittsburgh, thanks to $1.26 million provided through the Pennsylvania Housing Affordability and Rehabilitation Enhancement fund, state Rep. Dan Frankel, D-Allegheny, and state Sen. Jay Costa, D-Allegheny, announced today.
“These funds will positively impact thousands of residents in our region, including the Squirrel Hill neighborhood, with the end result being a place they can truly call home,” Frankel said. “In addition to providing affordable housing, these funds can also 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.”
“This project is a huge win for our region, in particular the Squirrel Hill neighborhood,” Costa said. “We know that affordable housing is a huge concern and must remain a top priority. These new dollars will spur the construction of a new building and help create affordable housing opportunities for our community.”
PHARE funding was awarded to the following organizations (including the project and amount):
- ACTION-Housing (Flats on Forward/LIHTC) – $1,000,000
- HEARTH (HEARTH: A Safe Place Matters) - $50,000
- Allegheny County (Housing Counseling for Allegheny County Save Your Home Participants) – $100,000
- Advantage Credit Counseling Service (Financial Empowerment for Veterans) – $15,000
- Community Growth Fund (CGF Site Assembly and Pre-Development Loan Program) – $100,000 (note: split between Allegheny and Washington counties)
PHARE program funding comes from a portion of the impact fees collected from natural gas companies operating in Pennsylvania to address 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.
For more information, residents can visit the following link: https://www.phfa.org/legislation/act105.aspx