Sainato: $225,000 in funding will expand affordable housing options, finance blight removal in Lawrence County
HARRISBURG, July 12 – Lawrence County affordable housing and blight removal projects will receive $225,000 in funding through the Pennsylvania Housing Affordability and Rehabilitation Enhancement fund, state Rep. Chris Sainato, D-Lawrence, announced today.
“I’m pleased that we were successful in our efforts to help obtain funding for these projects,” Sainato said. “Affordable family housing, jobs and thriving local businesses are the hallmarks of a successful community, and the projects made possible by this funding will help our community continue to grow in all of these areas.
“Affordable housing projects generate jobs and attract new businesses, while blight removal revitalizes the landscape – both physically and economically – by boosting property values, attracting new businesses and restoring a pulse to formerly vacant areas. I’m looking forward to seeing these projects breathe new life into parts of our community.”
Sainato said the funding includes:
- $175,000 to Lawrence County Department of Planning and Community Development for the Lawrence County Blight Removal Program, funded by Marcellus Shale impact fee revenue.
- $50,000 to Housing Opportunities of Beaver County for the Lawrence County Expansion, funded by realty transfer tax revenue.
The PHARE fund is managed by the Pennsylvania Housing Finance Agency. Funding comes from three main sources: a portion of the impact fees collected from natural gas companies operating in Pennsylvania to address the housing shortage caused by the impact of drilling, a portion of the realty transfer tax, and money from the National Housing Trust Fund.
More information is available by visiting https://www.phfa.org/legislation/act105.aspx.