Bill > HB275

This bill establishes the Pennsylvania Affordable Homeownership Subsidy Program within the Department of Community and Economic Development to help households with incomes between 60% and 120% of the area median income access affordable housing. The program will offer grants up to $125,000 to county applicants (which can include nonprofits, government entities, or property developers) for various housing-related projects such as property acquisition, homebuyer assistance, homeownership education, home repair, and workforce housing initiatives. The department will be responsible for administering the program, creating guidelines, and potentially collaborating with other agencies and organizations. Grant recipients must focus on creating "affordable units" where monthly mortgage payments do not exceed 28% of a household's gross monthly income. The department will be allowed to retain up to 10% of program funds for administrative costs and must submit annual reports to legislative committees detailing the program's outcomes. The program's implementation is contingent upon sufficient funding, and if adequate funds are not available in a given year, the program will be suspended. The bill will take effect 180 days after its passage, providing time for the department to establish the necessary application processes and guidelines.

Housing and Urban Affairs

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=H&type=B&bn=275