Pennsylvania will be receiving more than $12 million in federal funding for affordable housing.
U.S. Senators Bob Casey, D-PA, and John Fetterman, D-PA, made the announcement Friday that funding from the U.S. Department of Housing and Urban Development would be used to acquire, develop, create and protect affordable housing units n the state to make sure that low-income families have access to safe, clean and suitable housing.
The funding, which comes from HUD’s Housing Trust Fund, will also help those experiencing homelessness and will be assisting families with relocation.
“Housing is not merely a roof over your head. It’s a vital piece of the foundation that builds strong families and thriving communities,” said Casey in a release. “There are too many in Pennsylvania and across our Nation who have been priced out of their homes and their neighborhoods. With this funding, Pennsylvania will be able to preserve and increase the number of affordable housing units, uplift families, spur economic development, and ensure that the most vulnerable among us have fair access to safe and suitable homes.”
The Housing Trust Fund (HTF) provides grants to states to produce and preserve affordable housing for extremely low- and very low-income households. All HTF-assisted units will be required to have a minimum affordability period of 30 years.