New proposed plan for 2013 PHARE funding has been released
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New proposed plan for 2013 PHARE funding has been released

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Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund (PHARE)

January 15, 2013 – (RealEstateRama) — The PHARE Fund was established by Act 105 of 2010 (the “PHARE Act”) to provide the mechanism by which certain allocated state or federal funds,  as well as funds from other outside sources, would be used to assist with the creation, rehabilitation and support of affordable housing throughout the Commonwealth.

The PHARE Act did not allocate any funding but did outline specific requirements that include preferences, considerations, match funding options and obligations to utilize a percentage of the funds to assist households below 50% of the median area income.   The PHARE Act provides a fairly broad canvas regarding the types of programs and the specific uses of any funding to allow flexibility in working with other state and federal acts and programs.

Marcellus Shale Impact Fee

To read more about the principles and elements of PHARE, click here.

Only applicants in counties with active wells are considered. For a map of active wells, click here.

For a list of 2012 recipients of PHARE funds, click here.

SHARE

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