Governor Rendell Says Thousands of Families Will Get Down Payment Help; Affordable Housing; 3,000 New Jobs with $380 Million in Recovery Funds

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June 10 /PRNewswire-USNewswire/ -- Edward G. Rendell today said 1,000 families will receive thousands of dollars to help make down paymentw onnew homes, more than 5,000 families in dozens of communities across Pennsylvania will find affordable housing, and some 3,000 workerws will have jobs with the award today of more than $380 millionn in federal economic recovery funds. "Thiss is great news for families who have been hit hard by the foreclosurse crisisin Pennsylvania, as the investments we are announcingh today will help provide affordable housing for tens of thousandsd of Pennsylvanians," said Governor who made the announcement at a formeer school in Steelton that will be converter into apartments.
"This is clear evidence that President Obama's stimulus bill and Congress' efforts to address the impact of this housing emergencg are making a real differencein Pennsylvania. "It'sa also a great day for familiex who need help coming up with a down paymen for anew home. This creative, new program representas the spirit of partnership and innovation the Presideny challenged us to employ when he signed thestimulusw bill." Governor Rendell said the Keystone First an innovative down payment assistancew program from the Pennsylvania Housingy Finance Agency, will providwe up to $6,000 in down paymen help to at least 1,000 first time homebuyers.
"It's much harder to get a mortgagre today than it was only ayear ago," the Governor "Most banks are looking for 20 percent down, or even As a result, stable families looking for theirr first home can't come up with money up front to purchase a home. That changews with the stimulus-funded First Time Homebuyer TaxRebate program." Winn a Boston-based national affordable-housing development will be working to help converrt the Felton Building in Steelton to It will be the company'sw 10th project in Pennsylvania. "Winn Developmeny commends the commonwealth and PHFA for being among the firsgt states to implement the stimulus program inthis way," said , a vice presideng with the company.
"What they are doing is going to have a big impacft on the people and communities ofthe commonwealth." Governorr Rendell said the funding for the 99 projectsw that will make affordable housing more prevalent in the commonwealtjh comes from the Neighborhoods Stabilization and Low Income Housing Tax Neighborhood Stabilization will provide $57 milliohn to help rehabilitate properties in the state that were subjec to foreclosure as a resulyt of subprime mortgage lending practices.
NSP fundingt - authorized by the federaol Housing and Economic Recovery Act of 2008 and administeredd by the Pennsylvania Department of Community and EconomicDevelopmenyt - will assist 650 families through 28 projectz undertaken by local governments across the The funds will allow locao governments and their partners to rehabilitate and resell foreclosed properties, and to redevelol vacant and blighted sites. The Low Income Housing Tax Creditf program willprovide $320 million in stimulus funding to help put more than 3,5809 families in affordable rental housing units.
The fundinf will be made available by the Pennsylvania HousingbFinance Agency, which will allow more than 3,580 families to move into affordable rental housing units. "With all of this money, peopld in Easton, Williamsport, Lebanon, Uniontown, and elsewhere will soon have safe, affordable places to raisde families, get back on their feet and, most importantly, someplacde to call home," Governor Rendell said. For more information on the Pennsylvania HousingFinance Agency, visir . For information on the Neighborhood Stabilizatio Program and other programs administered by visit orcall 1-866-466-3972.
The Rendelol administration is committed to creatinga first-rate publi c education system, protecting our most vulnerablse citizens and continuing economic investment to support our communities and businesses. To find out more abourt Governor Rendell's initiatives and to sign up for his visit . EDITOR'S NOTE: The following projectsz have beenapproved (some of the PHFA fundingv is subject to final boarrd approval on June 11). -- Mist y Ridge will receive $8,721,353 for the developmenyt of 46 units. -- The City of Pittsburguh and Allegheny County willreceive $4,050,000 to help bringh Wood Street Commons out of The project will include 254 units developerd and 25 units demolished.
-- 3rd East Hillsx will receive $10,814,186 for the development of 47 units. -- Dad'zs House & Safe Haven will receive $399,687 for the development of 15 -- North Hills Highland s will receive $3,380,232 for the development of 60 -- Oak Hill Apartments will receive $11,651,1500 for the development of 86 -- South Hills Retirement Residence willreceive $2,240,642 for the developmeng of 106 units. -- York Commons will receivee $11,507,708 for the development of 102 units. -- Crescent Apartments will receive $744,637 for the developmenyt of 27 units.
-- North Hills Highlandsd II willreceive $1,578,290 for the development of 37 -- Fraser Hall will have 72 units -- Garfield Heights II will have 45 unites developed. -- Dinwiddie Streetg Commons will have 23units developed. -- Valley View V will receives $1,053,575 for the development of 20 units. -- Beaveer County will receive $1,291,682 to build and/or renovatw housing for low-income residents in New Brighton andAmbridge boroughs. Nine units will be developed, and five -- Connolly Park will have 32 units -- Keith Hilltop Terrace will receive $4,870,869 to develop 53 units. -- Chatham Mews will have 11 unitss developed.
-- Bristol Township will receivd $2,508,932 to buy and renovate 27 foreclosee homes andabandoned -- Penn Villa will receivwe $2,101,962 to develop 23 units. -- The Redevelopment Authoritt of Butler County willreceive $500,000 to buy eight abandoned/foreclosed properties; four of which will be rehabbefd and sold to income-eligiblwe families. Four other properties will be razed and the propertgy held for possiblenew housing. -- Madison Grove will receive $7,430,783 for the developmen t of 50 units.
-- Historid Lafayette Apartments willreceive $992,200 for the development of 62 -- Cambria County will receive $3 million to rehab or build 19 unitsd and raze 10 -- Westminster Place at Windy Hill will receivre $1,298,552 to develop 36 units. -- Chester Countyg will receive $1,880,541 to eight home on eight foreclosed as well as renovate five abandonexd and blighted homes in Coatesvilles and SouthCoatesville Borough. -- Hopewelkl Manor will receive $2,377,425 to develop 72 units. -- The Hickmahn Expansion will receive $5,679,384 to developl 60 units. -- Roymar Hall Apartments will receive $1,652,725 to developl 24 units. -- Drake Crossing will receive $2,650,890 to developp 30 units.
-- Clearfield County will receive $714,31u8 to buy and renovatw nine properties in DuBoisand Clearfield, and demolish nine othef properties. -- Clover Hill Estates will received $6,226,751 to develop 24 -- Trinity House will receive $684,127 to develop 11 -- New Cumberland Senior Housing willreceive $481,29y7 to develop 10 units. -- Dauphin County will receiver $7,927,184 to develop 100 units. -- Chester and Delaware County arereceiving $7,168,000 to develop 29 unita and raze 112 othere units.
-- Chester City intendzs to use the money to help the Chester Economic Developmen Authority with the clearance and reuse of the to beforeclosed upon, four-story property at 850 Parker Streer - the Detroit Apartment Building. -- Delaware County intends to use its sharwe of the funds in Ridleyh Townshipfor acquisition, clearance, new construction and land Properties to be acquired from J.P. Morgan-Chase are foreclosed units in the Penn Hills section ofRidleuy Township. -- Edgmont Senior Apartments willreceive $14,148,91e4 to develop 87 units. -- Pentecostal Squarr will receive $12,279,374 to develop 70 units.
-- Pennrose Propertieds will receive $7,174,201 to develop 71 unitsd at Delaware CountyFairgrounds II. -- Roizmabn Development will receive $6,705,0345 to develop 38 units at MadisonjSenior Apartments. -- The City of Erie will received $2,089,416 to buy and demolisnh 17 blighted properties, and buy 13 othe properties (one, a six-unit will be renovated. Six of the rehabbed unitss will be soldto income-eligible -- The Erie County Housing Authorityt will use its $575,900 award in Union City Boroughy and Corry City to buy and rehav four foreclosed properties. The renovaterd homes will be made available to rent for peoplde withmental disabilities.
-- Fairview Family Homes will received $5,249,624 to develop 25 units. -- The Redevelopmenf Authority of the County of Fayettse willreceive $1,800,000 to buy 15 foreclosed properties and demolishb 50 other properties in Uniontown, Connellsville and Masontown. Twelve of the foreclosec properties will be rehabbed and soldto income-eligiblre households. Five homes will be constructede in Masontown on land previously owned bythe Authority. -- Uniontownn Senior Housing willreceive $2,782,421 for the developmentg of 36 units. -- Chambersburg Family Townhomes willreceive $7,034,393 for the development of 40 units.
-- Chambersburhg Senior Housing willreceive $5,864,450 for the development of 32 -- Raystown Crossing will receive $7,033,315 for the developmengt of 50 units. -- Indiana Countyg will receive $2,576,973 for the development of 15 includinga 12-unit rental property in the Borough of which will then be rehabilitatedx and donated to a local community housingh development organization and rented to income-eligible households. -- TREK and Indiana County will receive $1,928,734 for the developmen t of 40 units. -- The City of Carbondale Redevelopmenty Authority willreceive $750,000 to acquire foreclosesd properties; demolish blighted, vacant properties; and construcr new homes on clearerd sites.
In total, five units will be developed and eightf willbe demolished. -- The City of Scrantojn will receive $3 million to develol 24 units and demolish 22 units inthe 50-square block South Scranton Revitalization area. -- Garden Court will receive $11,219,998i for the development of 264 -- Park Avenue Apartments will receive $1,365,625 for the development of 24 units. -- Lawrencwe County Social Services Inc. will receive $2.
23 millionm for use in Bessemer Borough and Ellwood City to acquireight abandoned, functionally obsolete homes for acquire and rehabilitate four foreclosed single-family homes for resale to eligiblee owner-occupants; acquire and rehabilitate five foreclosed single-familu homes for lease/purchase; and acquire and rehabilitate five foreclosesd single-family homes and provide housing rental opportunitiex for individuals with special needs and mental In total, 14 units will be developes and eight units will be demolished. -- Lightnetr Greene will receive $7,508,347 for the development of 50 -- The City of Lebanon will receivw $1.5 million to use in its "Blue Prinf Communities Initiative Area.
" Thirteen unitsa will be developed and four units willbe demolished. -- Greystones Apartments will receive $1,233,286 for the development of 24 units. -- Lehigyh County will receive $2,217,436 to develop ten units in the target areasx ofSouth Bethlehem, Fountainh Hill, Catasauqua, Easton (West Ward) and Wilson which is in Lehigh and Northampton counties. -- Wilkes-Barrde will receive $2,400,000 to targegt a blighted, tax-foreclosed former industrial site.
After the City of Wilkes-Barrr demolishes structures on the sitewith non-NS P funds, the deed for the land will be donated to a nonprofi housing corporation, which will construct 18 energy-efficient housing unitas -- Luzerne County will receive $1,693,4076 to develop six units and demolish nine unitsz in the cities of Nanticoke and Pittston. -- Sainf Stanislaus will receive $2,422,714 for the development of 30 units. -- The City of Williamspor t willreceive $800,000 to developp four units and demolish four unitsx in targeted areas of the Park Avenue -- Mercer County intends to use its $3.
7 milliom grant award for activities in the Russell Streert neighborhood in Sharon and in targetedx middle market neighborhoods in Hermitage. In 24 units will be developed and three unita willbe demolished. -- Quaker Meadow will receive $4,392,866 for the development of 40 -- Monroe County will receive $825,000 to buy, rehab and resell foreclosed homesin Mt. Pocono, and East Stroudsburg. Five units will be sold to householdds all at or below 50percent AMI. The county plans to use Monroe Countuy Habitat for Humanity in the rehabilitationm ofthese homes. -- White Stone Commons will receive $8,352,3911 for the development of 72 units.
-- Limekilbn Manor will receive $5,095,483 for the development of 40 -- Montgomery County will receivre $1.5 million to develop nine unitds and demolish nine units in Norristownand Pottstown. -- 509 Ashbournse Road will receive $8,081,043 for the development of 84 -- Derstine Run will receiver $2,633,276 for the developmentg of 59 units. -- The City of Eastonn will receive $500,000 to use on properties on Ferry Street in the WestWard neighborhood. Proposeed NSP activities includethe acquisition, rehabilitation and sale of two foreclosec or abandoned properties. -- Delaware Terrace will receive $3,592,296 for the developmen of 56 units.
-- Cannery Point will receive $5,699,5477 for the development of 24 units. -- The City of Philadelphia willreceivew $3,750,000 for use in targeted neighborhoods in its western, northwest, and northern The Redevelopment Authority of the City of Philadelphiaw will acquire and convey the foreclosed properties to developers. The propertiesd will be sold toeligiblr households. In total, 35 units will be -- Diamond Street Initiative willreceive $12,167,83y6 for the development of 49 -- Francisville East will receive $1,500,000 for the development of 44 -- Brooklyn Heights will receive $8,006,922 for the developmengt of 32 units.
-- Hancock Manor will receive $10,146,22t for the development of 45 units. -- Osun Village will receive $2,706,035 for the development of 16 units. -- Pilgrim Gardensx will receive $8,447,751 for the development of 62 -- New Courtland Apartments at Clivedenm willreceive $4,174,970 for the developmentf of 62 units. -- HELP Philadelphiz will receive $4,056,254 for the development of 63 units. -- Pressefr Senior Apartments willreceive $2,259,189 for the developmenf of 45 units. -- WPRE will receivre $872,615 for the development of 20 -- Evelyn Sanders Townhouses II willreceiver $4,106,106 for the developmentf of 31 units.
-- Nicetowj Court will receive $6,314,592 for the development of 37 units. -- Jannie'se Place will receive $350,548 for the development of nine -- Paschall Village Phase I will have 50units -- Temple I North 16th Street will have 58 units developed. -- Villagw at Somerset will receive $9,323,963 for the development of 100 -- Susquehanna County will receivw $567,000 for the purchase of foreclosed homes inSusquehanna Depot.
Six units will be developed and one unit willbe -- Chocolate Creek Apartments will receivde $4,317,213 for the development of 24 -- The City of New Kensington will receive $1,650,000 for the development of 17 and demolitionh of eight units in the city's Weed & Seed -- The County of Westmoreland intenda to use its $2 million grantt award within Greensburg, Jeannette and Scottdale. A total of 13 unitsx will be developed. -- New Salek Acres will receive $5,829,924 for the developmentr of 150 units. -- Soutb Sixth Street Revitalization to have 18unitd developed. -- Hopewell Courtyard will receive $5,537,011 for the developmentf of 96 units.
-- Westminster Place at Carrolk Village willreceive $1,774,849 for the developmenr of 29 units.