PHFA announces $19.5 million in tax credits and $81 million in tax exempt financing for affordable multifamily developments in Pennsylvania

HARRISBURG – July 12, 2013 – (RealEstateRama) — The board of the Pennsylvania Housing Finance Agency today approved $19.5 million in tax credits for the construction of affordable multifamily housing developments located in suburban and rural areas of Pennsylvania. PHFA has also provided more than $81 million in tax exempt volume cap funding this year, to date, for the new construction and preservation of six developments in the Commonwealth.