HARRISBURG, PA — On Thursday, the Department of Community and Economic Development (DCED) Secretary Rick Siger announced a significant boost for affordable housing in Pennsylvania. A total of $12,190,423 will be distributed through the HOME Investment Partnerships Program, a federal initiative designed to expand and preserve affordable housing for low- and very low-income Pennsylvanians.
The funds will be dispersed across 20 counties, breathing new life into communities by upgrading existing homes and creating opportunities for renters and new homeowners. The move is part of Governor Josh Shapiro’s proposed 2024-25 budget, which aims to deliver solutions to pressing issues and create opportunities statewide.
“Every Pennsylvanian should have safe, affordable places to call home – places that will build and strengthen communities,” said Secretary Siger. He emphasized that the funding would provide individuals across the Commonwealth with up-to-code and accessible spaces to live.
The HOME program, funded by the U.S. Department of Housing and Urban Development (HUD), offers municipalities grant and loan assistance. These funds can be used in various ways to meet critical housing needs, including market-oriented approaches that contribute to the revitalization of communities with new investments.
U.S. Senator Bob Casey echoed Secretary Siger’s sentiments, highlighting the importance of safe and reliable housing. “Far too many Pennsylvanians struggle to find an accessible and affordable place to call home,” he said. “This vital funding will invest back into our communities, leveling the playing field and revitalizing housing for low-income families across the Commonwealth.”
Governor Shapiro’s 2024-25 budget proposal aims to address critical housing needs. In addition to the HOME program’s funding, the proposal includes $50 million for the Whole Home Repairs program, providing direct assistance to homeowners and helping keep more families in their homes.
It also proposes a yearly $10 million increase in the cap for PHARE funding for the next four years. This additional funding will assist in rehabilitating properties that need repairs and building new homes and apartments, further contributing to the state’s affordable housing efforts.
The recent funding announcement is a testament to Pennsylvania’s commitment to ensuring safe, affordable housing for all its residents. Through significant financial investments and a focus on community revitalization, the state is taking strides to address one of the most pressing issues facing Pennsylvanians today.
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