The Pennsylvania Housing Finance Agency announced $35 million in funding is available through its new HOME-ARP program to create and preserve rental housing for at-risk or homeless Pennsylvanians.
The HOME-ARP program is designed to support developers, nonprofit organizations and local partners in building new rental units or rehabilitating existing properties to ensure affordable housing options for vulnerable populations.
All applications must be received no later than 2 p.m., April 1.
“This initiative represents a significant step toward addressing housing insecurity and strengthening communities across the Commonwealth,” said PHFA Executive Director and CEO Robin Wiessmann. “PHFA’s mission is to provide housing opportunities for all, and this is the latest program we’ve made available to help meet the needs of those most in need.”
This HOME-ARP program offers 0% interest, deferred-payment loans that can be used to support the development, rehabilitation and preservation of rental housing for applicable qualifying populations and low-income households.
Eligible applicants include housing developers, municipalities, and nonprofit organizations committed to expanding affordable housing.
For more information about the HOME-ARP program, including eligibility requirements and application details, visit https://www.phfa.org/mhp/developers/arp.aspx.
