Politics & Government
$3M In Grants Awarded For Affordable Housing Projects In Bucks
The grants are being made available through the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund.
BUCKS COUNTY, PA — Multiple organizations working on affordable and attainable housing projects in Bucks County have received three million dollars in state grants.
The grants are being made available through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) Fund, which is managed by the Pennsylvania Housing Finance Agency. Since 2012, the program has received a portion of the impact fees collected from natural gas companies operating in Pennsylvania to address the housing shortage caused by the impact of drilling. Funding is also provided through the state’s Realty Transfer Tax.
“It has become unaffordable for many to live and work or retire in the 10th Senate District and nowhere is that more evident than in our lack of affordable housing stock," said State Senator Steve Santarsiero in announcing the grants on Wednesday. "These projects address the crisis in housing we are facing, from building new affordable homes, to transitioning individuals experiencing homelessness into permanent affordable housing, and helping new homeowners navigate buying a home and preventing foreclosure. We’re lucky to have organizations in Bucks County who are working tirelessly to make finding housing and homeownership an attainable goal for our neighbors.”
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The awardees of the grants
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