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State Jump Starts $36M in Rental Housing

HARRISBURG, PA-State loans and tax credits aggregating about $7 million spur rehab and construction of an aggregate of 175 units in Philadelphia, Allentown, Coatesville and Tamaqua.

By Marita Thomas | Updated on September 22, 2006

(To read more on the multifamily market, click here.)

HARRISBURG, PA-Gov. Ed Rendell announced that the Pennsylvania Housing Finance Agency has approved just over $7 million in loans and tax credits for rental apartment projects in four cities. The projects encompass a total of 175 units and will have an aggregate value of approximately $35.9 million when complete.

They include new construction in Philadelphia and Allentown and significant rehabilitation of existing facilities in Coatesville and Tamaqua. Of the total, 119 units are new and 56 are rehabs.

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