Pennsylvania Housing Finance Agency

New Pa. Comprehensive Housing Study released online by PHFA

Retrieved on: 
Thursday, March 28, 2024
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HARRISBURG, Pa. , March 28, 2024 /PRNewswire/ -- The Pennsylvania Housing Finance Agency today is releasing the latest Pennsylvania Comprehensive Housing Study that introduces access to a new online data dashboard. Both are freely available to housing professionals and the general public.

Key Points: 
  • HARRISBURG, Pa. , March 28, 2024 /PRNewswire/ -- The Pennsylvania Housing Finance Agency today is releasing the latest Pennsylvania Comprehensive Housing Study that introduces access to a new online data dashboard.
  • The Pennsylvania Comprehensive Housing Study, produced in collaboration with the Housing Initiative at the University of Pennsylvania, explores the current status and recent trends for housing statewide.
  • The report's findings are important to help PHFA manage its housing programs most effectively by strategically responding to changing housing demands.
  • The full Pennsylvania Comprehensive Housing Study, the Pennsylvania Housing Data Explorer, the 19-page special topic report, and the 67 county profiles are all conveniently and freely available on the PHFA website at https://www.phfa.org/housingstudy/ .

PHFA shares progress made on PAHAF assistance to homeowners in January

Retrieved on: 
Friday, February 9, 2024
THANK, Electricity, News, Depression, Anxiety, COVID-19, Software, Sale, Insomnia, Neighborly, COVID, Tears, Pennsylvania Housing Finance Agency, Real estate

HARRISBURG, Pa., Feb. 9, 2024 /PRNewswire/ -- The Pennsylvania Housing Finance Agency today is providing an update on the steady progress being made by the Pennsylvania Homeowner Assistance Fund to assist people whose lives were disrupted by the pandemic.

Key Points: 
  • During the month of January, the PAHAF program has disbursed an additional $10.7 million of funding to homeowners in need of pandemic-related assistance.
  • PAHAF assistance is being used to provide mortgage reinstatement, forward mortgage payments, property charges and unpaid utility bills.
  • Funds are being distributed directly to mortgage lenders, servicers, utility providers and other authorized third parties, not to homeowners.
  • PHFA remains fully committed to quickly and responsibly disburse all PAHAF financial assistance to Pennsylvania homeowners, as evidenced by its improvement of the program's management.

FHLBank Pittsburgh and PHFA Announce 2023 Home4Good Funding Awards

Retrieved on: 
Tuesday, December 19, 2023
Partnership, Continuum, Homelessness, Pennsylvania Housing Finance Agency, Housing, Federal Home Loan Banks, Organization, Home

HARRISBURG, Pa., Dec. 19, 2023 /PRNewswire/ -- FHLBank Pittsburgh (FHLBank) and the Pennsylvania Housing Finance Agency (PHFA) announced today the 2023 Home4Good funding awarded to programs across the commonwealth working to reduce homelessness. This year, the combined total contribution is $3.7 million, with $2.2 million from FHLBank and $1.5 million from PHFA.

Key Points: 
  • HARRISBURG, Pa., Dec. 19, 2023 /PRNewswire/ -- FHLBank Pittsburgh (FHLBank) and the Pennsylvania Housing Finance Agency (PHFA) announced today the 2023 Home4Good funding awarded to programs across the commonwealth working to reduce homelessness.
  • This year, the combined total contribution is $3.7 million, with $2.2 million from FHLBank and $1.5 million from PHFA.
  • "Through partnership with PHFA, FHLBank members provided more than $2 million this year to 55 Pennsylvania programs/projects," said FHLBank President and Chief Executive Officer, Winthrop Watson.
  • The list of funding recipients is available on the PHFA website (see: "2023 Home4Good Funding Awards").

PHFA shares progress made on PAHAF assistance to homeowners in November

Retrieved on: 
Monday, December 18, 2023
Neighborly, Sale, Software, Hardship, Pennsylvania Housing Finance Agency, COVID, COVID-19, Real estate

HARRISBURG, Pa., Dec. 18, 2023 /PRNewswire/ -- The Pennsylvania Housing Finance Agency today is providing an update on the steady progress being made to assist homeowners whose lives were disrupted by the pandemic.

Key Points: 
  • During the month of November, the PAHAF program has disbursed an additional $11.7 million of funding to homeowners in need of pandemic-related assistance.
  • Earlier this year, PHFA moved the full management of PAHAF from a third-party vendor to its in-house team with the goal of expediting payments to eligible Pennsylvania homeowners.
  • PAHAF assistance is being used to provide mortgage reinstatement, forward mortgage payments, property charges and unpaid utility bills.
  • Funds are being distributed directly to mortgage lenders, servicers, utility providers and other authorized third parties, not to homeowners.

CPP Announces Development of Affordable Housing Community in Monroeville, Pennsylvania

Retrieved on: 
Tuesday, November 14, 2023
National Green Building Standard, Pennsylvania Housing Finance Agency, KeyBank, Allegheny Commons (Pittsburgh), Community, Housing, CPP, Freddie Mac, TEL, House

MONROEVILLE, Pa., Nov. 14, 2023 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the planned renovation of Cambridge Square Apartments, an affordable housing community just 14 miles east of downtown Pittsburgh.

Key Points: 
  • MONROEVILLE, Pa., Nov. 14, 2023 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the planned renovation of Cambridge Square Apartments, an affordable housing community just 14 miles east of downtown Pittsburgh.
  • This property is CPP’s second investment in Pennsylvania, having acquired Allegheny Commons in downtown Pittsburgh earlier this year.
  • The new community building will include space for resident meetings and gatherings, maintenance storage space, and leasing offices.
  • “With the development of Cambridge Square Apartments, CPP is expanding its footprint in Pennsylvania and doing our part in the revitalization of the greater Pittsburgh area,” said Seth Gellis, President of CPP.

PHFA shares progress made on PAHAF assistance to homeowners in October

Retrieved on: 
Friday, November 10, 2023
Sale, Pennsylvania Housing Finance Agency, Hardship, Neighborly, Heart, Tears, COVID-19, Software, COVID, Real estate, Tutoring, Property management

HARRISBURG, Pa., Nov. 10, 2023 /PRNewswire/ -- The Pennsylvania Housing Finance Agency today is providing an update on the steady progress being made to assist homeowners whose lives were disrupted by the pandemic.

Key Points: 
  • During the month of October, the PAHAF program has disbursed an additional $12.7 million of funding to homeowners in need of pandemic-related assistance.
  • Earlier this spring, PHFA moved the full management of PAHAF from a third-party vendor to its in-house team with the goal of expediting payments to eligible Pennsylvania homeowners.
  • PAHAF assistance is being used to provide mortgage reinstatement, forward mortgage payments, property charges and unpaid utility bills.
  • Funds are being distributed directly to mortgage lenders, servicers, utility providers and other authorized third parties, not to homeowners.

PHFA and Philadelphia partners launch effort to grow homeownership

Retrieved on: 
Wednesday, October 18, 2023
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HARRISBURG, Pa., Oct. 18, 2023 /PRNewswire/ -- The Pennsylvania Housing Finance Agency is launching a new, pilot homeownership initiative in Philadelphia County in partnership with the Urban League of Philadelphia on behalf of the Philly5000 collaborative. This initiative will work to reduce purchasing barriers for homebuyers in underserved Philadelphia neighborhoods.

Key Points: 
  • This initiative will benefit homebuyers who participate in the program and Philadelphia County neighborhoods, too."
  • This pilot program will feature a PHFA loan product (K-Flex) that will be paired with other PHFA loan products – to provide funds for needed home improvements, for instance.
  • PHFA has a number of important partners helping to make the pilot RNIH program possible.
  • To participate in the program, RNIH participants must live in Philadelphia County, must be purchasing a home in Philadelphia County, and must be first-time homebuyers.

PHFA shares progress made on PAHAF assistance to homeowners in September

Retrieved on: 
Wednesday, October 11, 2023
COVID-19, Pennsylvania Housing Finance Agency, COVID, American Rescue Plan Act of 2021, Hardship, Neighborly, Software, Sale, Real estate, Property management, Nursing, Insurance

HARRISBURG, Pa., Oct. 11, 2023 /PRNewswire/ -- The Pennsylvania Housing Finance Agency today is providing an update on the steady progress being made to assist homeowners whose lives were disrupted by the pandemic.

Key Points: 
  • During the month of September, the PAHAF program has disbursed an additional $12.3 million of funding to homeowners in need of pandemic-related assistance.
  • This homeowner, who asked to remain anonymous, is receiving more than $18,750 in mortgage assistance from PAHAF.
  • PAHAF assistance is being used to provide mortgage reinstatement, forward mortgage payments, property charges and unpaid utility bills.
  • Funds are being distributed directly to mortgage lenders, servicers, utility providers and other authorized third parties, not to homeowners.

PHFA posts profile data on web for all 67 Pa. counties

Retrieved on: 
Wednesday, June 14, 2023
University, Partnership, Employment, Transport, Housing, Pennsylvania Housing Finance Agency, Table, Property management

HARRISBURG, Pa., June 14, 2023 /PRNewswire/ -- The Pennsylvania Housing Finance Agency today announced the posting of current profile data for all the state's counties that will be useful for a wide variety of audiences. The new, online county profile document devotes a page to each of the state's counties and covers its residents' income levels, demographics, transportation usage, access to technology, employment levels, and, of course, its housing resources and affordability.

Key Points: 
  • The 67 county profiles are now available on the PHFA website .
  • Click on the bottom bullet on the webpage to view the profile data.
  • "This county data is part of our Comprehensive Housing Study that we are currently updating in partnership with the University of Pennsylvania," said PHFA Executive Director and CEO Robin Wiessmann.
  • In some of the tables, data from 2010 are provided so that changes over the past decade can be noted.

PHFA accepting bids for $4.5 million of mixed-use development tax credits

Retrieved on: 
Monday, June 12, 2023
Request for proposal, Organization, Commonwealth, Pennsylvania Housing Finance Agency, Rehabilitation, Sale, Auction

HARRISBURG, Pa., June 12, 2023 /PRNewswire/ -- The Pennsylvania Housing Finance Agency announced today that it is accepting bids for the purchase of $4.5 million in mixed-use development tax credits. The funds collected from successful bidders will be used for the construction or rehabilitation of mixed-use developments in Pennsylvania communities. The deadline for bids is 2 p.m. on Friday, July 14.

Key Points: 
  • HARRISBURG, Pa., June 12, 2023 /PRNewswire/ -- The Pennsylvania Housing Finance Agency announced today that it is accepting bids for the purchase of $4.5 million in mixed-use development tax credits.
  • These tax credits will be used by the winning bidders to reduce their state tax liability.
  • PHFA was authorized to sell these tax credits through directed or negotiated sale to any qualified taxpayer.
  • More information about the mixed-use development tax credit and the current bidding process is available on the PHFA website at: www.phfa.org/mhp/developers/loans.aspx (scroll down).