Schlossberg lauds more than $2M in federal funding to support local affordable housing project
ALLENTOWN, Oct. 14 – Federal funding of $2.04 million was awarded to help ensure Allentown residents have access to safe and affordable housing, state Rep. Mike Schlossberg, D-Lehigh, announced today.
“The residents of our district deserve to have fair, safe and affordable places to call home,” Schlossberg said. “From day one I have been an advocate for this project because of the positive impact it will have on the community by providing more affordable housing at a time when it’s desperately needed. I am pleased to see the Pennsylvania Housing Finance Agency understands the severe lack of housing for low-income families and that this project is getting the financial support it needs.”
Schlossberg said the funding includes $1.19 million in federal Low Income Housing Tax Credits and $846,429 from the National Housing Trust Fund, which will go to the Alliance for Building Communities and HDC MidAtlantic to create 49 affordable rental units at 1528 W. Hamilton St. in Allentown.
The funding is administered by the Pennsylvania Housing Finance Agency and was part of a package awarding 37 multifamily housing developments tax credits to preserve and create 1,974 total rental units. A total of $43.6 million in Low Income Housing Tax Credits, more than $7.4 million in PennHomes funding and more than $15.9 million in National Housing Trust Funds was awarded. The full list of housing developments can be viewed here: https://www.phfa.org/mhp/.