PACDC’s activities have culminated in more than $140 million in new resources for affordable housing and neighborhood economic development efforts.
PHFA Announces 2011 Multi-Family Housing Funding Awards
PHFA has announced its 2011 Multi-Family housing funding awards. PHFA funded 33 developments state-wide with 8 located in Philadelphia. PACDC congratualtes the following members selected for funding:
- Women's Community Revitalization Project: Villanueva Townhouse Preservation Development, 77 Units
- Asociacion Puertorriquenos en Marcha, Inc.: 9th and Berk Streets TOD, 53 Units
- Nicetown Community Development Corp.: Nicetown Court II, 50 Units
A full listing of developments funded can be found here.
Related Posts
- Congress Approves Cuts to Housing Programs in FY 2011 Budget; Works toward FY 2012
- PHFA to Adjust Implementation of QAP for LIHTC Projects
- State Passes Housing Trust Fund Legislation; Funding Contingent on National Housing Trust Fund Appropriation
- 2011 Gala & Awards Ceremony
- Impact of Governor's Budget Proposal on Key Community Development Programs
PACDC Fact
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The Philadelphia Housing Trust Fund has raised more than $67 million in revenue since September 2005 to expand housing opportunities for Philadelphia families.
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The CDC Tax Credit Program has fostered 30 partnerships between businesses and CDCs that is providing $30 million in new funding to support neighborhood economic development.
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PACDC’s Member Services programming builds the capacity of CDCs through technical assistance and training, the sharing of ideas, best practices, and promotion of the local CDC industry.
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