Bullock announces $2.65M in funding for new and existing low-income housing projects
PHILADELPHIA, July 17 — This week, state Rep. Donna Bullock, D-Phila., announced that $2.65 million in state funding has been awarded to four community development projects that will impact the residents of the 195th Legislative District.
“I’m thrilled that this much-needed funding will come to our district to help create better low-income housing,” said Bullock, who supported the projects seeking the funds. “Access to affordable housing is incredibly important, so I’m glad to see this money come to our community.” Earlier this year, Bullock also introduced a resolution recognizing May 5-11 as Affordable Housing Week in Pennsylvania, which was unanimously adopted.
Mt. Vernon Manor CDC was awarded $200,000 for the Mantua Preservation Project. The funds will be used to rehabilitate and to hold in perpetuity 29 recently acquired units of affordable housing across 10 scattered-site properties in the Mantua neighborhood of Philadelphia. The rehabilitation process will happen in phases, with work on all 10 properties to be completed by mid-year 2020.
Project HOME received $1 million for the Rowan Judson Diamond project which will renovate and preserve 39 units of affordable family housing for individuals with special needs. The renovations will take place at the properties Rowan Homes I and Rowan Homes II.
Habitat for Humanity Philadelphia received $200,000 for its Oxford Green project. The funds will be used to complete the development at 2300 Oxford Street. The project will consist of 20 affordable, energy-efficient row homes.
Hunt Development Group received a total of $1.25 million for the Sharswood Phase I project. The project is a mixed-income family development consisting of a four-story building and three-bedroom townhomes along three blocks within the Sharswood neighborhood of Philadelphia. The buildings will contain 50 Low-Income Housing Tax Credit units and 10 market-rate units.
Grants were awarded from the Pennsylvania Housing Affordability and Rehabilitation Enhancement fund. The PHARE fund is managed by the Pennsylvania Housing Finance Agency.
Residents can learn more about PHARE funding here: https://www.phfa.org/legislation/act105.aspx.