Pickett announces affordable housing investments in Bradford County
HARRISBURG - Rep. Tina Pickett (R-Bradford/Sullivan/Susquehanna) announced more than $1 million in funding for three affordable housing projects in Bradford County.
"The influx of jobs and people in the Marcellus Shale region has created some significant housing challenges, with higher costs and a limited supply," Pickett said. "That's why we made certain that a portion of impact fees generated from natural gas drilling would be made available to support affordable housing initiatives. This is a very important investment in our community."
The funding was awarded as follows:
- Community Cup Apartments, 421 Main St., Towanda - $262,033.78. The project includes rehabilitation of the second and third floors into five one-bedroom units. These units would provide additional low-income housing options for persons with intellectual disabilities, mental health issues and elderly individuals.
- 400 Main St., Towanda - $500,000. This project includes the development of 36 new one-bedroom apartments for senior citizens. The proposal received approval for low-income housing tax credits and this funding will be used to fill a gap created by the floating credit rate.
- Bradford County Human Services - $279,000. This program would assist households at risk of homelessness with rental payments, security deposits, utility payments to avoid shut-off, bridge funding for HUD programs and three days of hotel placements for individuals in transition. It is estimated to assist 150-175 households.
The funding was approved Thursday by the Pennsylvania Housing Finance Agency through its Pennsylvania Housing Affordability and Rehabilitation Enhancement (PHARE) Fund and impact fees generated by drilling in the Marcellus Shale. A total of $8.45 million is being distributed in 22 Pennsylvania counties.
Article submitted by the office of Representative Tina Pickett.