Empowering Communities: PHFA's $75 Million Housing RFP Launch
Revealing the New PHARE Funding Opportunities for Housing
The Pennsylvania Housing Finance Agency (PHFA) is thrilled to announce a significant funding opportunity aimed at enhancing housing availability and affordability. This initiative invites organizations to submit proposals for projects that will alleviate pressing housing issues across the entire state.
Details of the PHARE Funding
With over $75 million allocated for this year, the funding is sourced through the state's impact fee from natural gas drilling companies and a slice of the Realty Transfer Tax. This funding is open to all 67 counties in the state, highlighting PHFA's commitment to ensuring that every community has access to essential housing resources.
Eligibility and Application Process
A key highlight of this year’s program is that affordable housing developments that have previously been awarded 9% Low-Income Housing Tax Credits are now encouraged to apply for PHARE funding. This expansion aims to foster greater collaboration between PHFA and local organizations dedicated to enhancing their communities.
What Makes PHARE Unique?
According to PHFA's Executive Director and CEO Robin Wiessmann, the uniqueness of the PHARE initiative lies in its collaborative approach. Local organizations have an instrumental role in determining how funds are distributed. This localized strategy ensures that the impact of PHARE funding is maximized, catering to specific community needs. "Our agency is proud to empower local partners to tackle housing challenges more effectively,” Ms. Wiessmann stated.
Simplifying the Application Process
In an effort to streamline the application process, PHFA has transitioned to a fully online submission platform. This move not only eliminates the burden of paper submissions but also makes it simpler for applicants to navigate the RFP process. Interested organizations can find detailed information and access the online application starting September 16, with submissions due by 2 p.m. on November 15.
Informational Webinars for Applicants
To assist organizations in navigating the application process, PHFA is hosting two identical webinars. These sessions are scheduled for 10 a.m. on September 17 and September 24. Attendees can benefit from the shared insights and guidance tailored to enhance their proposals. Recordings of these sessions will also be available for those who are unable to attend live.
Ask Questions for Clarification
Prospective applicants can direct their queries about the PHARE initiative and webinar registration to Clay Lambert at PHFA via email. This direct line of communication ensures that organizations receive the support they need to optimize their applications.
History and Achievements of PHARE
The PHARE fund has been a cornerstone in supporting local housing initiatives since its inception in 2012. The impact of these funds has been notable, with concrete results in improving housing conditions across the state. To date, significant numbers of housing units have been rehabilitated or created, assisting families in need and working to prevent homelessness.
Leveraging Funding for Greater Impact
Over its lifetime, the PHARE initiative has allocated an impressive $290 million in grants which have, in turn, attracted over $1.6 billion from various other funding sources. This impressive leverage illustrates a commitment to achieving sustainable housing solutions through collaborative efforts between government funding and local initiatives.
Learn More About PHFA
The Pennsylvania Housing Finance Agency is deeply committed to promoting affordable housing solutions. Since 1972, it has facilitated nearly $18.5 billion in funding for home mortgages and supported construction efforts leading to the development of over 100,000 rental units. Importantly, PHFA operates largely through self-generated revenue rather than public tax dollars, reflecting its efficacy and dedication to housing finance.
Frequently Asked Questions
What is the PHARE funding program?
The PHARE funding program is a state initiative designed to enhance the availability and affordability of housing in Pennsylvania through local projects.
How can organizations apply for PHARE funding?
Organizations can apply for funding through an online application process that opens on September 16, with a submission deadline on November 15.
What types of projects are eligible for PHARE funding?
Projects aimed at improving housing availability and affordability are eligible. This includes new constructions and rehabilitation of existing properties.
Who manages the PHARE program?
The Pennsylvania Housing Finance Agency is responsible for administering the PHARE funding, ensuring it reaches the communities in need.
How has PHARE funding impacted local communities?
Since its launch, PHARE funding has led to thousands of housing units being rehabilitated or created, directly assisting families and individuals in need of affordable housing.
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