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July 18. 2011 10:00AM - Last modified: July 18. 2011 10:35AM

Pa. housing agency approves 33 multifamily projects

By Jason Scott

Six multifamily housing developments in the midstate have been awarded funding and tax credits from the Pennsylvania Housing Finance Agency, the state agency announced Friday.


The board of the PHFA conditionally approved a total of $11.2 million in funding and nearly $30 million in tax credits for construction of 33 low-income projects across the commonwealth.

Of the local projects, two are in Lancaster County — one in Marietta, the other in Lancaster. The other developments are in York, Camp Hill, Harrisburg and Gettysburg, the agency said.

The midstate projects account for nearly 300 housing units. The dollar amounts of the awards have not been released because they are conditional, the agency said.

Collectively, the new developments will provide an additional 1,568 housing units for Pennsylvania residents.

Since 1972, PHFA has generated $10.3 billion of funding for more than 145,000 single-family home mortgage loans and 83,000 rental units. Agency programs and operations are funded primarily by the sale of securities, not by public tax dollars.


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