Pennsylvania Housing Finance Agency Allocates $66.5 Million for Affordable Housing

Author: Owen Jenkins Updated: 10-09-2025 05:28 PM

PHFA's Investment in Affordable Housing

Today's announcement of $66.5 million in low-income housing tax credits marks a significant milestone for affordable rental units. This funding will play a crucial role in constructing and rehabilitating approximately 1,900 housing units.

Boosting Affordable Rentals

These funds are set to support the development of 41 new projects aimed at delivering 1,946 rental housing units, including essential affordable options for many residents. The Pennsylvania Housing Finance Agency (PHFA) recognizes the growing need for affordable housing opportunities, especially in current economic circumstances.

Perspectives from PHFA Leadership

Robin Wiessmann, the executive director and CEO of PHFA, expressed the agency’s commitment to resolving the housing shortage. "Tax credits are the main tool for PHFA to create affordable rental housing," she stated. Wiessmann emphasized the importance of these credits in building lasting homes for families and individuals who often struggle to find affordable options.

Leveraging Resources for Housing Initiatives

In addition to the tax credits awarded, PHFA’s board has also authorized various housing tax credits and is prepared to align additional funding sources with the selected developments. This collaborative effort will tap into local, state, and private financial resources, effectively working to establish a robust financing framework for ambitious housing projects.

Aiding Vulnerable Communities

The 41 developments receiving tax credits are strategically placed to meet the demands of low- to moderate-income households, older adults, and those with special housing needs. By utilizing these funds, PHFA aims to promote economic growth while enhancing the availability of decent, quality housing at accessible prices.

Further Actions by PHFA

Since its inception in 1972, the PHFA has been at the forefront of addressing housing affordability challenges. The agency has provided funding for over 206,750 mortgage loans and funded the construction of more than 110,000 rental units, showcasing their long-term dedication to housing solutions.

Contact Information

For further inquiries related to this initiative, you can reach out to Chris Anderson at PHFA. For questions or additional details, please contact him via email at canderson@PHFA.org or call 717.780.3915.

Frequently Asked Questions

What is the purpose of the $66.5 million tax credits?

The funds are allocated to support the construction and rehabilitation of 1,900 affordable rental housing units across the state.

Who announced the funding for affordable housing?

The Pennsylvania Housing Finance Agency (PHFA) announced the allocation of the tax credits.

How many housing developments will receive funding?

A total of 41 new developments will benefit from these tax credits, providing nearly 1,946 rental units.

What does PHFA do?

PHFA provides affordable housing solutions and supports economic development through its programs and funding initiatives.

How can individuals get more information?

Interested individuals can contact Chris Anderson at PHFA via email or phone for further questions regarding the housing initiatives.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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