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2026 Pennsylvania Housing Affordability And Rehabilitation Enhancement Fund Plan; Draft
AI Summary:
This regulation establishes the Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) Fund Plan for Program Year 2026-2027, which outlines how various funding sources including Marcellus Shale Impact Fees, Realty Transfer Tax funds, and the National Housing Trust Fund will be used to address affordable housing needs across Pennsylvania. The plan sets forth seven key principles: maximizing resource leveraging, ensuring affordability, addressing the greatest housing needs, fostering partnerships, implementing funds effectively and efficiently, allocating funds equitably and transparently, and providing emergency housing response. The document details specific funding priorities, which include supporting rehabilitation of blighted housing, providing rental and homeownership assistance, helping homeless individuals and families, and addressing housing needs for vulnerable populations. The plan also establishes a comprehensive application and monitoring process, requiring grantees to report on fund usage, households served, and demographic data. Funding will be directed towards various housing initiatives such as tax credit projects, rental housing creation, homelessness prevention, innovative housing solutions, homeownership support, and healthy housing investments, with a focus on projects that leverage other funding sources, address community needs, and further fair housing goals.