Pennsylvania

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The Pennsylvania Housing Finance Agency announced availability of funding for its 2020 LIHTC and Loan Programs. Please see the Notice of Funding Availability for more information.

The 2019 Pennsylvania Tax Act signed by Pennsylvania Governor Tom Wolf on June 28, 2019— made several changes to Pennsylvania tax laws. The Act adds Opportunity Zone conformity for personal income tax, adopts new sales tax provisions and amends other tax and credit provisions. Read more in this analysis from Ballard Spahr.

HUD opened registration for its new National Standards for the Physical Inspection of Real Estate (NSPIRE) Demonstration. NH&RA encourages all eligible PHAs, owners and agents to participate in the NSPIRE demonstration. Properties will be given an advisory NSPIRE score and the most recent UPCS score will remain on the books. NSPIRE demonstration participants will have the opportunity to shape the new REAC inspection protocol and to prepare in advance of the mandatory changes.

Pennrose was recognized as a Healthiest Employer by the Philadelphia Business Journal. This was the fifth time that Pennrose has received this recognition. The award recognizes the company for its commitment to employee health and for achieving exceptional and sustainable success through a broad range of company and employee wellness initiatives.

Woda Cooper hosted a grand opening and ribbon-cutting on May 15, 2019 for its new Muncy Greene development. The $13.8 million development features 60 single-level apartments that are geared towards low-income seniors. It is one of the first multifamily properties in Pennsylvania to be built to Passive House Institute US certification standards to ensure energy efficiency and low heating and cooling cost.

A Pre-Application Meeting for Multifamily Housing Programs has been scheduled for Tuesday, August 7, 2018 in Harrisburg. 

This session will cover the basic procedures that must be implemented, and assistance that is to be provided, by agencies triggering the URA when projects/activities involving acquisition, rehabilitation and/or demolition are funded with federal money.

Attendees are asked to fill out a registration form for the information session.  Deadline for registration is Friday, August 3, 2018.

The Agency will be revising the upcoming Allocation Plan to address Income Averaging in Tax Credit applications submitted in the future. For the most part, current projects are not able to apply for income averaging.

Read on for a summary of changes.

In anticipation of issuing a draft 2019 Low Income Housing Tax Credit Allocation Plan in the next few months, the Pennsylvania Housing Finance Agency is seeking input from partners on the affordable housing priorities and needs throughout the Commonwealth. Specifically, we are asking partners to share thoughts on the Allocation Plan preferences and set-asides, threshold and […]

Andrew B. Cohen, Senior Vice President of The Woda Group, Inc., was recently elected to the Board of Directors for the Pennsylvania Developers’ Council. He will serve a two year term. Pennsylvania Developers’ Council, based in State College, PA, is an advocacy organization aimed at promoting adequate public and private resources for production, rehabilitation and […]