Pennsylvania Code
Pennsylvania Code & Bulletin
COMMONWEALTH OF PENNSYLVANIA

• No statutes or acts will be found at this website.

The Pennsylvania Bulletin website includes the following: Rulemakings by State agencies; Proposed Rulemakings by State agencies; State agency notices; the Governor’s Proclamations and Executive Orders; Actions by the General Assembly; and Statewide and local court rules.

PA Bulletin, Doc. No. 03-286

NOTICES

HOUSING FINANCE AGENCY

Homeownership Choice Program

[33 Pa.B. 943]

   The Housing Finance Agency (Agency) is this Commonwealth's leading provider of capital for affordable homes and apartments. As a leader, the Agency is always seeking new methods to serve the housing and community needs of all Commonwealth residents. To this end, the Agency has set aside funds to continue the Homeownership Choice Program (Program).

   The Program is designed to provide funds for the development of single family homes, for purchase, in urban communities. The Program is intended to be a part of a municipality's comprehensive approach to increase the net investment in housing in urban areas while building mixed-income communities and encouraging diversity of homeownership.

   The Program encourages market-sensitive and innovative land use planning concepts in urban areas and works in concert with commercial development and community and downtown revitalization efforts. The Program focuses on new construction and the development of new homeownership opportunities and the transformation of disinvested urban neighborhoods into attractive places to live, thereby offering a viable alternative to suburbia and sprawl development.

   Program proposals require partnerships among the municipality and for-profit and nonprofit builders/developers. The Program funding is just a part of the overall financing. To date, approved proposals have combined Program funds with many various municipal, State and Federal program funding, as well as private moneys and commercial development activities. For example, in the first 3 years, Program loans of $17.15 million have leveraged over $154 million in additional housing and infrastructure investment in 14 communities in this Commonwealth.

   This year, the Agency has committed an additional $7.5 million to the Program. Program proposals must be based upon the requirements in the Request for Proposals (RFP). Applicants seeking Program funding in 2003 must attend a preapplication meeting at the Agency. Meetings have been scheduled for March 4, 2003, and March 27, 2003, at 2101 North Front Street, Harrisburg, PA. The RFP for the 2003 Program, including due dates for proposals, is available on the Agency's website (www.phfa.org). Information to register for the mandatory preapplication meetings is also available at www.phfa.org or by contacting Robert F. Bobincheck, Associate Direc- tor--Office of Strategic Planning and Policy, (717) 780-1801, bbobincheck@phfa.org.

WILLIAM C. BOSTIC,   
Executive Director

[Pa.B. Doc. No. 03-286. Filed for public inspection February 14, 2003, 9:00 a.m.]


No part of the information on this site may be reproduced for profit or sold for profit.

This material has been drawn directly from the official Pennsylvania Bulletin full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.