PHFA announces $18.7 million in funding for affordable multifamily developments in Pennsylvania

HARRISBURG – February 20, 2014 – (RealEstateRama) — The board of the Pennsylvania Housing Finance Agency has approved $16.8 million in low-income housing tax credits and $1.9 million in PennHOMES funding for the construction of affordable multifamily housing developments located in urban centers throughout Pennsylvania. The tax credits awarded to developers will be used to attract more than $160 million in funding for building, and rehabilitating, multifamily housing offering affordable rents


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