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

    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.

    Previous articleGood News/Bad News: Real Estate Rebound Slows Some But Sales Numbers, Employment Numbers Trend Favorably, Equity on the Rise
    Next articleCorker Statement on House Financial Services Committee Plan to Reform Housing Finance System, Wind Down Fannie and Freddie