Harrisburg, April 16, 2018 – Sen. Larry Farnese (D-Philadelphia) announced that eight projects in Philadelphia have been awarded funding to assist with housing and financial education programs.
“Funding for these projects is essential to improving our region,” Farnese said. “Increased access to financial education and expanding housing opportunities creates stable, growth-oriented communities.”
The projects were approved for funding through the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) fund. The projects are:
- Assistance for Seniors Facing Property Tax Foreclosures, Community Legal Services – $400,000
- Bethesda Project Rehabilitation, Bethesda Project – $150,000
- Creation of Catherine House, Citizens Acting Together Can Help (CATCH), Inc. – $100,000
- Comprehensive Financial Education Initiative, Northwest Counseling Services – $50,000
- EnergyFIT Philly, Energy Coordinating Agency, Inc. – $150,000
- Financial Empowerment Centers Program, Philadelphia Office of Community Empowerment and Opportunity – $100,000
- Northeast Philadelphia Counseling Initiative, Affordable Housing Centers of Pennsylvania – $50,000
- Philadelphia Home Buy Now, Urban Affairs Coalition – $100,000
Additional information regarding the approved projects is available at the senator’s district office at 1802 S. Broad Street, Philadelphia or by calling the office at 215-952-3121.
Funding through PHARE is used to address significant and persistent housing needs in communities. PHARE is managed by the Pennsylvania Housing Finance Authority (PHFA).
The PHFA works to provide affordable rental housing options and homeownership for older adults, low- and moderate-income families, and peoples with special housing needs in Pennsylvania since its creation in 1972.
Since its creation, the PHFA has generated more than $13 billion in funding to assist with home mortgage loans, to help fund the construction of affordable rental units, and to save homes from foreclosure.