$125,000 Grant from Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) Fund to support the Preservation Working Group

Jun 9, 2023

The Pennsylvania Housing Finance Agency (PHFA) just announced 309 statewide affordable housing initiatives that will receive a collective $61.5 million in funding, and Neighborhood Allies is proud to be a recipient!

A generous $125,000 grant will support Neighborhood Allies in leading the affordable housing Preservation Working Group, a dedicated network of policymakers, community stakeholders, and responsible nonprofit and for-profit owners and developers interested in the preservation of existing privately-owned affordable housing over the long-term.

The goals of the working group are to:

1.) Identify Identify at-risk existing affordable housing through data analysis and the deep community and market knowledge of working group members;

2.) Advocate for local, state, and federal policies and programs that will increase affordable housing preservation in the Pittsburgh region, and for new and flexible capital sources; and

3.) Activate opportunities for preservation by attracting responsible, qualified buyers, positioning properties for acquisition and recapitalization, and connecting developers to capital and other resources.

Congratulations to our partners at Studio Volcy and Amani Christian CDC for also receiving grant funding! You can read more about the technical assistance Neighborhood Allies has provided to Studio Volcy here and you can read the full PHFA press release here.

Top Header Image Photo Credit: Prototyping Larimer Stories by artist John Peña, photo by OPA