The Pennsylvania Housing Finance Agency posted the Final Housing Options Program Grant (HOP-Multifamily) Guidelines. $100 million in funding is available for development of affordable housing units, including, but not limited to, building new units, rehabbing existing properties to make them affordable housing units or preserving existing affordable units. HOP-MF funds are not intended to be used in conjunction with current or anticipated Federal LHITC applications. Additionally, applications for projects that are still in the LIHTC IRS Compliance Period (initial 15 years) will not be eligible for the purposes of this program. An application round will be opened later in the first quarter of 2023.