{"id":2113,"date":"2019-07-02T21:34:17","date_gmt":"2019-07-03T01:34:17","guid":{"rendered":"https:\/\/nhsgreaterberks.org\/?p=2113"},"modified":"2020-05-27T11:23:14","modified_gmt":"2020-05-27T15:23:14","slug":"pennsylvania-expands-phare-funding-to-40-million","status":"publish","type":"post","link":"https:\/\/nhsgb.org\/pennsylvania-expands-phare-funding-to-40-million\/","title":{"rendered":"Pennsylvania Expands PHARE funding to $40 Million"},"content":{"rendered":"

Exciting news! Legislation was just signed by the Governor that expands PHARE!\u00a0<\/strong><\/p>\n

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As part of some last minute budget negotiations, Senator Art Haywood (D-4) and Senator Elder Vogel (R – 47) were able to include additional funds for PHARE as part of the spending bill. The bill was passed by the House and Senate and then signed by the Governor today.<\/p>\n

The new bill will\u00a0raise the cap on the RTT funding for PHARE, the state\u2019s housing trust fund, from $25 million to $40 million. The new funding will help to create more affordable housing, provide services that helps keep Pennsylvanians in their homes, helps low-income people become first time homeowners, and provides funding to communities to address blight.<\/p>\n

Thank you to all of you who helped us to advocate to move this important legislation forward!<\/strong><\/p>\n

Every day organizations like yours at the local level are making it possible for more of Pennsylvania\u2019s families to access a home of their own through rental housing and homeowner opportunities and for local leaders to demolish and rehabilitate blighted properties. This will be even more possible because of the General Assembly\u2019s action to increase funding for PHARE.<\/p>\n

We applaud the leadership of the General Assembly, especially Senators Art Haywood and Elder Vogel. PHARE is good for Pennsylvania\u2019s families and it benefits Pennsylvania\u2019s economy. More affordable housing creates jobs and brings new resources into communities. And less blighted property increases property values and revitalizes our local communities.<\/p>\n

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FULL PREASE RELEASE BELOW FROM: https:\/\/housingalliancepa.org\/pennsylvania-expands-phare-funding-to-40-million\/<\/a><\/p>\n

Legislation will add up to $15 million more to fund affordable housing
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\nHarrisburg<\/em>\u00a0\u2013 Today the Governor signed legislation passed by the General Assembly that will raise the cap on funding for PHARE, the state\u2019s housing trust fund, from $25 million to $40 million. The new funding will help to create more affordable housing, provide services that helps keep Pennsylvanians in their homes, helps low-income people become first time homeowners, and provides funding to communities to address blight.<\/p>\n

Phyllis Chamberlain, Executive Director of the Housing Alliance lauded the legislation:<\/p>\n

\u201cEvery day organizations at the local level are making it possible for more of Pennsylvania\u2019s families to access a home of their own through rental housing and homeowner opportunities and for local leaders to demolish and rehabilitate blighted properties. This will be even more possible because of the General Assembly\u2019s action to increase funding for the state housing trust fund, otherwise known as PHARE.<\/p>\n

We applaud the leadership of the General Assembly, especially Senators Art Haywood and Elder Vogel. PHARE is good for Pennsylvania\u2019s families and it benefits Pennsylvania\u2019s economy. More affordable housing creates jobs and brings new resources into communities. And less blighted property increases property values and revitalizes our local communities.\u201d<\/p>\n

\u201cPHARE has been a success story for communities in Pennsylvania since day one. I am glad to see this program expand because it provides flexible resources for all of Pennsylvania\u2019s communities to meet their own unique needs,\u201d said Sen. Vogel (R-47, Beaver County). \u201cI am proud to have helped originate the PHARE legislation and proud to expand it today.\u201d<\/p>\n

\u201cAdditional money for affordable housing is desperately needed, and I am pleased my bipartisan legislation with Senator Elder Vogel, Jr. (R-Beaver\/Butler\/Lawrence) was included in this year\u2019s budget,\u201d said Senator Haywood (D-4,Montgomery County). \u201cDuring the 4-stop Poverty Listening Tour, a man from Lock Haven described living in his car with his siblings before he could afford a bad apartment in the city. This affordable housing plan will provide more housing units for residents in Lock Haven and across the Commonwealth.\u201d<\/p>\n

Officially called the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund (PHARE), the state housing trust fund was created in December 2010. PHARE receives funding from three sources, a portion of the Realty Transfer Tax (RTT), a portion of Marcellus Shale Impact Fees, and the National Housing Trust Fund. Marcellus Shale Impact Fee funding can only be used in those communities. The RTT amount can be used statewide and is based on a formula that grows as the real estate market grows. The RTT amount was previously capped at $25 million and this legislation will lift the cap to $40 million. Based on the strength of the real estate market, up to $15 million more could be added to the PHARE funds.<\/p>\n

This legislation is important because there is a serious shortage of affordable housing in Pennsylvania. The affordability gap between the cost of a home and what people actually make is present in every community in the state, from the most rural to the most urban. High costs force many Pennsylvania workers to over-burden themselves, paying more than they can truly afford just to give their family a place to live. For every 100 extremely low-income households, there are only 42 affordable units, according to the National Low Income Housing Coalition.<\/p>\n

The projects that have received funding demonstrate the diverse ways in which the PHARE-RTT grants can be used to help address a variety of community, social and infrastructure issues related to affordable housing. The following briefs highlight just a few of the innovative ways the grants are helping communities:<\/p>\n