The Pennsylvania Housing Finance Agency is a non-profit organization which serves the people of Pennsylvania by offering affordable housing resources, including loans and rent assistance. PHFA was created by an Executive Order by the Pennsylvania General Assembly in 1972.[1]
As a mission-driven, nonprofit corporation providing affordable housing products to the citizens of the Commonwealth of Pennsylvania, PHFA offers programs and administers funds on behalf of state (Pennsylvania Department of State), Federal government of the United States, and tax related programs and receives fees to deliver these programs. In addition to its major programs, PHFA conducts housing studies, promotes counseling and education for renters and homebuyers, encourages supportive services at apartments it has financed, administers rent subsidy contracts for the Federal government of the United States, and acts as an advocate to promote the benefits of decent, affordable shelter for those who need it most.
Historyedit
As of January 2020, PHFA has generated nearly $14.6 billion of funding for more than 178,325 single-family home mortgage loans, helped fund the construction of 136,215 rental units, distributed more than $109.2 million to support local housing initiatives, and saved the homes of more than 50,200 families from foreclosure.[3]
pennsylvania, housing, finance, agency, profit, organization, which, serves, people, pennsylvania, offering, affordable, housing, resources, including, loans, rent, assistance, phfa, created, executive, order, pennsylvania, general, assembly, 1972, phfa, seala. The Pennsylvania Housing Finance Agency is a non profit organization which serves the people of Pennsylvania by offering affordable housing resources including loans and rent assistance PHFA was created by an Executive Order by the Pennsylvania General Assembly in 1972 1 Pennsylvania Housing Finance AgencyPHFA SealAgency overviewFormed1972JurisdictionState government of PennsylvaniaHeadquartersHarrisburg PennsylvaniaEmployees320 Agency executiveRobin Wiessmann Executive Director amp CEOWebsitewww wbr phfa wbr org Contents 1 Board of directors 2 Functions 3 History 4 See also 5 See also Other HFAs 6 Further reading 7 References 8 External linksBoard of directors editPHFA is governed by a 14 member Board appointed by the Governor of Pennsylvania The Board of the Pennsylvania Housing Finance Agency PHFA sets policy and oversees the organization s operations The Board consists of the Secretary of Pennsylvania Department of Banking the Secretary of Pennsylvania Department of Community and Economic Development the Secretary of Pennsylvania Department of Human Services and the Pennsylvania State Treasurer serve by virtue of their offices Four members are named to the Board by the majority and minority leaders of the Pennsylvania State Senate and Pennsylvania House of Representatives Six private citizen members are appointed by the Governor and confirmed by the State Senate 2 Functions editAs a mission driven nonprofit corporation providing affordable housing products to the citizens of the Commonwealth of Pennsylvania PHFA offers programs and administers funds on behalf of state Pennsylvania Department of State Federal government of the United States and tax related programs and receives fees to deliver these programs In addition to its major programs PHFA conducts housing studies promotes counseling and education for renters and homebuyers encourages supportive services at apartments it has financed administers rent subsidy contracts for the Federal government of the United States and acts as an advocate to promote the benefits of decent affordable shelter for those who need it most History editAs of January 2020 PHFA has generated nearly 14 6 billion of funding for more than 178 325 single family home mortgage loans helped fund the construction of 136 215 rental units distributed more than 109 2 million to support local housing initiatives and saved the homes of more than 50 200 families from foreclosure 3 See also editNational Council of State Housing Agencies Federal Housing Finance Agency United States Department of Housing and Urban Development National Housing Act of 1934 List of Pennsylvania state agenciesSee also Other HFAs editCalifornia Housing Finance Agency Kentucky Housing Corporation Oklahoma Housing Finance Agency Oregon Housing and Community Services Department Minnesota Housing Finance Agency New York State Housing Finance Agency Vermont Housing Finance AgencyFurther reading editAffordable housing Section 8 housing Low Income Housing Tax Credit Multi family residential Rural Housing Service Public housing Subsidized housingReferences edit Senate Bill No 1407 May 9 1972 PHFA Board January 20 2015 About PHFA January 20 2015 External links editOfficial website Retrieved from https en wikipedia org w index php title Pennsylvania Housing Finance Agency amp oldid 1223480306, wikipedia, wiki, book, books, library,
