Pickett announces $1.1M in state tax credits for Towanda senior living center
HARRISBURG - More than $1.1 million in state tax credits were approved by the Pennsylvania Housing Finance Authority Thursday to advance the construction of a senior living development in Towanda, state Rep. Tina Pickett (R-Bradford/Sullivan/Susquehanna) announced Thursday.
This decision will allow local, state, federal and private financial resources to be leveraged in order to provide affordable housing in Towanda, Bradford County.
"Although the development in the Marcellus Shale has brought much-needed economic benefit to our region, one challenge has been the ability to offer affordable housing for those who call the Northern Tier home, especially senior citizens on fixed incomes," said Pickett.
Through the Trehab Community Action Agency, a 0.39-acre site in the 400 block of Main Street will be developed to offer 38 one-bedroom units in affordable housing to income-qualified applicants 62 years of age and older.
The overall revitalization project will also include retail space and adjacent parking.
"This type of housing is much needed in the Towanda area, and I can see a multitude of benefits for seniors who will eventually live in these spaces," Pickett said. "Not only is the housing affordable, but they will be able to walk to a number of downtown businesses and services and are close to two stops within the Endless Mountains Transportation Authority's existing bus routes."
Bradford County is also investing $500,000 in Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) funds. This financial investment is in addition to $5 million the borough was awarded last year in Redevelopment Capital Assistance Program funds.
The Trehab Community Action Agency is committed to act as both a service provider and an advocate for the poor, unemployed, and underemployed, the elderly, and other groups at risk in Tioga, Bradford, Susquehanna, Sullivan, Wyoming, and Wayne counties.
This article was submitted by Rep. Pickett's office.