Funding Opportunity: PHFA’s RFP for Local Housing Development
PHFA Issues Request for Proposals to Enhance Housing Access
The Pennsylvania Housing Finance Agency (PHFA) is excited to announce its latest Request for Proposals (RFP) aimed at improving housing availability and affordability throughout the state. This initiative is part of the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) Fund, with a staggering funding pool of over $85 million available this year.
Understanding the Funding Source for PHARE
This vital funding comes from two main sources: the impact fees levied on natural gas drilling companies and a portion of the Realty Transfer Tax. The agency is responsible for distributing PHARE funds across all 67 counties in the state, ensuring that communities have access to critical housing support.
Impressive Impact of PHARE Funding
Since its inception, PHARE has dispensed approximately $435 million in grants, effectively leveraging more than $2.3 billion from additional funding sources. This impressive six-to-one funding ratio signifies its substantial contribution to housing initiatives statewide.
Testimonials of Success
Robin Wiessmann, the Executive Director and CEO of PHFA, highlights the significant impact of PHARE, stating, "Over 13 years, the impact of PHARE on housing across Pennsylvania has been tremendous. We have created new affordable housing, preserved existing homes, and provided shelter for families who could have faced homelessness. We take great pride in our ongoing successes in this vital program."
Streamlined Application Process
The application process for PHARE funding has been designed to be user-friendly, as applicants can completely fill out and submit their proposals online, eliminating the need for paper submissions. This approach simplifies the process, making it easier for organizations to apply.
Webinar for Potential Applicants
To assist interested organizations, PHFA will be conducting a 90-minute informational webinar. The session will take place at 10 a.m. on a specified date, allowing organizations interested in applying for the funds to gain insights and ask questions. Additionally, the webinar will be recorded for those unable to attend live.
Application Details and Deadlines
Organizations can access the RFP on PHFA's official website. The platform for online submissions is accessible, ensuring that all potential applicants have the necessary resources. Applications will be accepted starting from a specified day, with submissions due by 2 p.m. on a selected Thursday.
Inquiries and Support
For any questions regarding PHARE or the webinar registration process, individuals can reach out to Clay Lambert at PHFA via email. This open line for communication helps ensure that all inquiries are addressed promptly and efficiently.
About the Pennsylvania Housing Finance Agency
Established in 1972, the Pennsylvania Housing Finance Agency aims to offer affordable homeownership and rental housing solutions for various demographics including older adults and low- and moderate-income families. PHFA is not funded by public tax dollars; instead, it relies chiefly on the sale of securities and fees collected from program users. Over the years, it has facilitated substantial funding for both single-family home mortgage loans and rental unit construction, highlighting its commitment to housing accessibility and economic development across Pennsylvania.
Frequently Asked Questions
What is the purpose of the PHARE RFP?
The PHARE RFP aims to solicit proposals from organizations to enhance the availability and affordability of housing throughout Pennsylvania.
How much funding is available through the PHARE initiative?
This year, over $85 million is available for housing initiatives under the PHARE program.
When is the application deadline for the funding?
The deadline for submitting applications is at 2 p.m. on a specified Thursday, which is during the designated application period.
What sources fund PHARE?
PHARE is funded through impact fees from natural gas companies and a portion of the Realty Transfer Tax.
Who can I contact for more information about the RFP?
You can contact Clay Lambert at PHFA via email for any questions regarding the PHARE program or the application process.
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