HARRISBURG, PA — The Pennsylvania Housing Finance Agency has conditionally awarded $25 million in federal HOME-ARP funding to eight housing developments that will create or preserve 257 rental units, including 204 designated for people who are homeless or at risk of homelessness, expanding the state’s affordable housing pipeline amid sustained demand.
The awards, announced last week, are contingent on the final review of construction costs, financing structures and other underwriting requirements. PHFA said it could commit up to an additional $10 million to other projects at a later date.
The agency received 22 applications requesting more than $56 million in funding, underscoring demand for affordable housing financing that exceeded the available allocation.
The funded developments are:
- Western Manor, Pittsburgh — 32 units
- Briar Creek Apartments, Berwick — 12 units
- Washington Square Apartments, Erie — 22 units
- North Scranton Infill Housing Initiative, Scranton — 8 units
- Oyster Point Landing, Lancaster — 16 units
- Drueding Center Residential, Philadelphia — 26 units
- Germantown Life Enrichment Center, Philadelphia — 133 units
- Melville Way, Philadelphia — 8 units
“The funding will make a significant impact by creating affordable rental units for some of our most vulnerable residents,” PHFA Executive Director and Chief Executive Officer Robin Wiessmann said. “Housing across Pennsylvania is in great demand, and this new source of funding helps address this critical need.”
HOME-ARP provides 0% interest, deferred-payment loans to support the development, rehabilitation and preservation of rental housing for qualifying populations and low-income households. The program was created under the American Rescue Plan Act of 2021 and is administered by the U.S. Department of Housing and Urban Development.
Additional information about the HOME-ARP program is available at https://www.phfa.org/mhp/developers/arp.aspx.
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