Funding Opportunities through PHFA for Housing Projects
Funding Opportunities through PHFA for Housing Projects
The Pennsylvania Housing Finance Agency (PHFA) has announced a Request for Proposals (RFP) aimed at enhancing the availability and affordability of housing across the state. This initiative seeks applications from various organizations looking to make a positive impact on local housing initiatives.
Important Details About the RFP
An essential date to remember is the application deadline, which is set for November 20. Organizations are encouraged to submit their proposals well in advance to ensure adequate time for any necessary revisions.
This year, PHFA has made more than $85 million available through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) Fund, supporting housing projects across all 67 counties. The funding sources for PHARE include impact fees from natural gas drilling and a portion of the state's Realty Transfer Tax. PHFA is responsible for administering these funds and ensuring their effective distribution.
The Impact of PHARE Funding
Since its inception, PHARE funding has had a significant impact on housing in Pennsylvania. To date, the program has awarded around $435 million in grants, which has helped leverage over $2.3 billion from various other funding sources. This impressive leverage indicates that for every dollar allocated through PHARE, nearly six dollars has been made available for housing initiatives in the state.
PHFA Executive Director and CEO Robin Wiessmann remarked on the transformative impact of PHARE funding. "Over 13 years, the PHARE program has made a substantial difference in the availability of affordable housing. We have not only created new housing units but have also preserved existing ones. The program has provided families facing the risk of homelessness with safe places to live, contributing to community stability and growth. We are proud of the successes that have emerged from this initiative," she stated.
Application Process Made Easy
In a move to streamline the application process, PHFA has made the application entirely online. This eliminates the need for physical paperwork, making it simpler for applicants to submit their proposals. Interested organizations can find the RFP on PHFA's website, along with all necessary resources to guide them through the process.
Beginning on the specified date, the online portal will be open for application submissions. Organizations should take advantage of this resource to navigate the submission process efficiently.
Informational Webinar for Potential Applicants
For those interested in learning more about PHARE funding, PHFA will host a 90-minute informational webinar. This session is scheduled for 10 a.m. on September 23. The discussion will encompass details about the application process, eligibility requirements, and tips for crafting successful proposals. If unable to attend, participants can access a recorded version of the webinar online.
About PHFA
The Pennsylvania Housing Finance Agency aims to provide affordable homeownership and rental housing for older adults, low- and moderate-income families, and individuals with special housing needs. Through its carefully managed mortgage programs and multifamily housing investments, PHFA plays a vital role in promoting economic development throughout the state. Since its establishment in 1972, it has facilitated more than $20.1 billion in funding for over 206,750 single-family home mortgages, contributed to the construction of over 110,284 rental units, and assisted in local housing initiatives with approximately $362 million in funding. Importantly, these efforts have saved the homes of over 51,400 families from foreclosure.
Media Contact Information
For more information regarding PHARE and related inquiries, individuals can contact Chris Anderson at PHFA. Media representatives seeking further details are encouraged to reach out via the provided office number.
Frequently Asked Questions
What is the primary goal of the PHFA's RFP?
The RFP aims to solicit proposals from organizations to improve housing availability and affordability across Pennsylvania.
When is the application deadline for the PHARE funding?
The application deadline for submitting proposals is set for November 20.
How much funding is available through PHARE this year?
This year, PHARE has made more than $85 million available to support housing initiatives.
Who can apply for the PHARE funding?
Organizations involved in housing initiatives across Pennsylvania are eligible to apply for the funding.
Is there a resource for applicants to learn more about the process?
Yes, PHFA will host a webinar to provide information about the application process, including tips for successful submissions.
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