PHARE was established in 2010 to provide a way to allocate state or federal funds, as well as funds from other outside sources, to assist with the creation, rehabilitation, and support of affordable housing throughout the Commonwealth. The program receives funding from portions of Pennsylvania’s Realty Transfer Tax and Marcellus Shale Impact Fees.
In total, $61.5 million was awarded to 309 housing initiatives in all 67 counties of Pennsylvania, according to the Pennsylvania Housing Finance Agency (PHFA), which manages the PHARE Fund. It is estimated that at least 66% of the $61.5 million allocated through the PHARE program will be used to fund housing projects benefiting households with incomes below 50% of the area median income.
For more information and a complete listing of the proposals receiving PHARE funding, see “PHFA announces PHARE funding for affordable housing across Pennsylvania.”
About Habitat for Humanity Philadelphia
Habitat for Humanity Philadelphia builds strength, stability, and self-reliance through shelter. Habitat for Humanity Philadelphia transforms lives and our city by building and repairing quality homes in partnership with families in need and by uniting all Philadelphians around the cause of affordable housing. Since 1985, Habitat for Humanity Philadelphia has built and sold 250 energy-efficient homes to first-time homeowners, and strategically partnered with more than 750 homeowners and their families to provide critical home repairs. For more information, visit www.habitatphiladelphia.org.