PHFA South-Eastern Forum
According to their web site, the Pennsylvania Housing Finance Agency is the Commonwealth's leading
provider of capital for affordable homes and apartments located
throughout the state.
Created to help enhance the quality and supply of
affordable homes and apartments for older adults, people of modest
means, and people with physical challenges, the agency operates
homeownership programs and rental housing development initiatives that
benefit all the state's residents.
Through the housing construction and
rehabilitation efforts funded by PHFA, the agency also promotes economic
development across Pennsylvania.
Since its creation by the legislature in 1972, the agency has
generated $10.3 billion of funding for more than 145,000 single-family
home mortgage loans and 83,000 rental units, while saving the homes of
more than 46,000 families from foreclosure. PHFA programs and operations
are funded primarily by the sale of securities, not by public tax
dollars.
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