CENTRE COUNTY HOUSING TASK FORCE. MINUTES Wednesday, September 18, 2024 Willowbank Office Building 420 Holmes Street, Room 146 Bellefonte, PA 16823 Register online to receive a notification when meeting agendas are posted. CALLTOORDER The public meeting of the Centre County Housing Task Force was convened at 12:01 PM by Those in attendance: Commissioners Mark Higgins and Amber Concepcion, Adminisirator-.John. Franek, Faith Ryan-Depuly Human Services, Ray, Slolinas-Director of Planning & Community. Development, Elizabeth Lose- Assistant Directoro of Planning & Community Development, Betsy Barndl-Housing & Communily Development Planner; Todd Dolbin-CBICC, Morgan Wasikonls-Housing Transitions, Ara Karvandjian-HFL Corporation. Guests: Missy Schoonover-CCHLT, Stephanie Fosl-Habitat for Humanity, Marie Florian, Jennifer Nastase, Commissioner/Chalr, Mark Higgins. This meeting is being recorded. Jordan Veneziano, Eric Rusnak, Eric Kelmenson, Jenna Garskof I. PUBLIC COMMENT There were no comments. received from the public. III. ADDITIONS TO THE. AGENDA There were no additions to the agenda. IV. MINUTES The minutes of the August 21, 2024, meeting oft the Housing Task Force having been read, il was moved by Maureen Safko and seconded. by Todd Dolbin t0 approve the minutes of August 21, 2024. Motion carried unanimously. V. OLD BUSINESS A. Request for Information, and B. ERAP2-25% Application/Response Five hopeful applicants attended, to discuss the projects they hope l0J find: HFL Corporation, Out of the Cold, Reframe, Philipsburg Revitalization Corporation and. Jennifer Nastase/Snow Shoe Mobile Home Park. Due t0 the amount available for distribution being reduced to. $326,634.72, all applicants must reevaluate and recalculate. their request, resubmitting with this new available. figure in mind. Faith will ltis noted that all those ultimately receiving the ERAP2-25% funds must maintain all Federal requirements connected to these fiunds for the full twenly-year lerm. Specific documentation. such as A. Next meeting of Housing Task Force, Willowbank Office Building, Room 146, Wednesday, October2, then submit those requests t0 the Department of Human Services. MOU, LURA, etc. will be required as well. MI. NEW BUSINESS 2024, 12:00p p.m. 10 1:00p.m. No amouncements were commmicated. VII. ANNOUNCEMENTS HOUSING TASK FORCE. MINUTES VEDNESDA,Sepemke. 18, 2024 VIIL. EXECUTIVE SESSION REPORT There was no executive. session. QUESTIONS. FROM THE PRESS There were no questions from the press. PAGE2 IX. X. ADJOURN Motion to adjourn made by. John Franek, J: Adjourned 1:07 p.m. ATTEST: John! Franek, Rilt Attachments: Housing Task. Force- Affordable Housing Projects, handout provided by Faith PHARE, Pa. Housing Affordability & Rehab. Enhancement Fund PHFA, Pa. Housing Finance. Agency Zoom link for 10/02/2024 meeting: Passcode: 2yY8M&AQ tps/s02vebzoom.us/eshre2CIN76/DIISU7PHODX34M6X2380merslh2W.aUM74gsdin0o kMevl-JwyR.OZBkalmuyvddfon/startlme-1726675276000 Housing Taskforce Committee Affordable Housing Projects RFI Responses Tracker Program Overview Projected 25% of Total ERAP2 Allocation Direct Services Admin $2,345,019.14 $2,040,166.65 $304,852.49 $1,781,981.01 $1,514,683.86 $267,297.15 $1,514,683.86 $47,551.13 $486,550.00 $300,000.00 ACTUAL 25% After ERAP Closure Total ERAP2 Allocation Direct Services Admin (15%) Direct Services Balance $1,160,735.86 $1,113,184.73 $626,634.73 $326,634.73 $326,634.73 $326,634.73 $326,634.73 $326,634.73 $326,634.73 $326,634.73 State College Communtiy Land Trust $353,948.00 Strawberry Fields, Inc. The ACRES Project Anchor Mae Investments, LLC Total Obligated $1,188,049.13 Housing Taskforce Committee - Affordable Housing Projects Projected - Project Admin Costs (2024-2044) Number of Affordable Housing Units (Currently Approved) = 12 Cost Per Unit = $330.00 Annual Income Assessment = 2 hours Annual Audit = 31 hours Total Hours = 5 Total Cost of 12 Units = $3,960.00 Total Hours for 12 Units = 60 Total Admin Cost 2026-2024 Includes 4% Annual Increase $113,961.19 Pennsylvania Housing Enhancement Fund PHARE PennsyvlanaHousing, Affordability & Rehabilitation Enhancement. Fund Affordability and Rehabilitation 2024 Request for Proposals The Pennsylvania Housing Finance Agency ("PHFA" or "Agency") announces this Request for Proposals (RFP) inviting applicants to participate in the 2024/25 Pennsylvania Housing The Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund was established by Act 105 of 2010 to provide a mechanism by which certain funds would be used to assist with the creation, rehabilitation and support of affordable housing throughout the Commonwealth. The PHARE Act did not allocate any funding but did outline specific requirements that include preferences, considerations, match funding options and obligations to utilize a percentage of the The 2024 PHARE Plan outlines the principles and goals of the program, the application requirements, and thei timeline for funding. The current round of PHARE funding will make awards Affordability and Rehabilitation Enhancement Fund (PHARE) Program. funds to assist households below 50% of the median area income. available through the following funding sources: Marcellus Shale Impact Fee (Act130f2012) Realty Transfer Tax (Act 58of2015) Successful grantees must be prepared to implement their funding proposal within the eighteen (18) months grant period. PHARE awards will be announced and disbursed in the Summer of 2025. PHARE Program Goals awarding process: PHFA has established the following goals and objectives to guide the PHARE application and Increase safe, affordable housing opportunities in all areas of the commonwealth. PHARE funding will be used to assist with the creation, preservation and maintenance of safe, decent, and affordable housing and resources across the Commonwealth. 1 Utilize funds to strengthen existing housing stock and address long term affordability. PHARE resources will be directed to affordable housing activities in communities where the greatest housing needs are identified based on community needs studies and assessments, interviews, real estate pricing, housing stock analyses and market studies. Coordination of local, strategic housing approaches. Proposals must be developed in coordination with local stakeholders within the context of a community's strategic plans, priorities, goals, and local housing needs to achieve measurable and sustainable impact. Focus on strategic locations. Proposals will target communities which have experienced significant divestment of resources compared to: surrounding communities that have experienced growth, and areas which may face loss of affordable housing due to gentrification, or areas offering greater opportunity and Maximize the leveraging of resources to the greatest extent possible to address significant Funding will be prioritized to affordable housing activities where other private and public funding economic diversification. and persistent housing needs in an effective and efficient manner. and partnership support. Foster sustainable partnerships committed to addressing housing needs. Funds will be used to leverage and maximize long-term partnerships committed to addressing community housing needs. In addition to directly supporting housing needs, projects/programs should also help establish and increase capacity to address those needs over the long term. Provide opportunities for safe, affordable housing to those within a range of incomes. Each application must agree to provide at least thirty percent (30%) oft the awarded PHARE funds to assist households below fifty percent (50%) of the median area income (described below) for the county in which the project/program will be operated. At no point may funds benefit households with incomes above two hundred percent (200%) of the median area income for the Median area income is determined annually by the U.S. Department of Housing and Urban Development (HUD). Grantees awarded PHARE funds through this RFP will apply HUD's 2024 median familyi income figure per county, regardless oft the household size. Multi-countyp programs should apply the county income limit in which the individua/nousehold resides. County median area income figures are available at the below website: (select Pennsylvania then identify the county in which the impacted household resides. specific county.) https/www.hudusergov/porta/datasets/l.htm 2 Establish ai transparent application, allocation, and reporting process for all stakeholders. PHFA will make funding decisions in accordance with legislative requirements while ensuring the equitable and transparent allocation of resources to stakeholders. PHARE Funding Sources Marcellus Shale Impact Fee (Act13of2012) The Marcellus Shale Impact Fee legislation ("Impact Fee Act"), Act 13 of 2012, makes specific allocations to the PHARE Fund (referred to as PHARE/Marcellus Shale") to address housing needs in counties with unconventional gas wells that have adopted a local impact fee. Ina accordance with Act 13, funds will be used to address economic effects on housing ini impacted counties and communities with the additional requirement that fifty percent (50%) of the funds must be allocated to 5th through 8th class counties. Eligible Applicants The only organizations eligible to receive PHARE/Marcellus Shale (PHARE/MS) Funds are County governmental entities located in the Marcellus Shale region of Pennsylvania. Eligible counties are those where unconventional gas wells are located and impact fees have been adopted, as well as municipalities which have further contributed to PHARE through windfal/spillover funds from the impact fee. The County government entity must have written approval to apply for funding from its Board of Commissioners. Partnering organizations may! be selected to administer PHAREfunds Exhibit A provides al list of counties eligible to apply for PHARE/Marcellus Shale funds in 2024. Counties may delegate the role of' 'designated applicant" to a nonprofit or for-profit organization for the purposes of the application. In the case where a county or municipality has designated another organization to apply on their behalf, documentation identifying such must be included int the application. In all cases, the County must bei the PHARE grantee for PHARE/Marcellus Shale Counties applying for Marcellus Shale funding are also eligible to apply for Realty Transfer Tax funds. Proposals requesting grant funds from multiple PHARE funding sources should indicate their intention to do SO via the PHARE Proposal Submission website. Instructions can bet found in on behalf of the County, but the grantee must be the County. funds. the Proposal Requirements section oft this RFP. 3 Realty Transfer Tax Fund (Act 58 of2015) Under Act 58 of 2015, PHFA receives an allocation of funds equal to the lesser of forty percent (40%) of the difference between the total dollar amount of the realty transfer tax ("RTT") imposed under Section 1102-C of the Tax Reform Code of 1971 collected for the prior fiscal year and the total amount of RTT estimated for the fiscal year beginning July 1, 2014. For fiscal year 2024/25 the PHARE/Realty Transfer Tax fund ("PHARE/RIT) is set at $70 million to support affordable housing activities in all 67 counties of the Commonwealth. Eligible Applicants Organizations eligible to receive PHARE/Realty Transfer Tax funds include, Units of local government (counties, cities, boroughs, land banks, townships, towns, and Economic and community development organizations, housing development Business improvement districts, neighborhood improvement districts, downtown improvement districts and similar organizations incorporated as authorities. Homebuilders, contractors, and real estate developers. Nonprofit and for-profit affordable housing organizations. home rule municipalities). Housing, redevelopment, and similar public authorities. corporations and similar development entities. This list is not all inclusive. Please contact PHFA with questions regarding your organization's Organizations applying for PHARE/Realty Transfer Taxi funds will be limited to submitting no more PHFA reserves the right to redirect any PHARE funding requests to the most advantageous eligibility to apply. than three (3) PHARE/RTT funding requests (applications). funding source available. 2024 PHARE Funding Priorities The Agency will prioritize funding for proposals targeting the following housing activities. Applicants will be asked to identify which priority best describes the proposal's goals and objectives. The RFP includes examples of housing activities for each funding priority. Proposals submitted for funding are not required to specifically match the activities listed below. Proposals that address multiple funding priorities should select the activity that will be impacted by the majority of the requested PHARE funds. (Example: If20 housing units will be rehabilitated to benefit unhoused families, then the applicant should choose Homelessness Prevention' as the appropriate priority.) 4 1. Preservation and Rehabilitation Rehabilitation or improvements to existing rental and owner-occupied housing stock. Façade improvements, demolition of blighted, abandoned or otherwise at-riskh housing. Reclaiming brownfields or vacant land where industry or housing was once located for community recreating or greenspace. 2. Rental Housing Creation Development of new, affordable rental units. This may include (but is not limited to) the cost of demolition, acquisition, pre-development costs, construction and/or significant rehabilitation expenses where the development ofa affordable housingi is the Developments participating in Section 811 Project Rental Assistance program with Proposal's intent to participate in the Section 811 must be included in the end goal. units designated for persons with disabilities aged 18-61. PHARE application's Narrative document. 3. Homelessness Prevention Address ongoing needs of unhoused individuals and families at risk for homelessness, including (but not limited to) rapid re-housing, en/tinty/tansporaton assistance, case management, landlord risk mitigation, and: short-term emergency: shelter care. Increase the availability of integrated housing opportunities, supportive services, and resources for vulnerable populations such as veterans, the re-entry population, persons dealing with addiction disorder(s), persons with disabilities, and at-risk youth. Piloted programs with unique and creative approaches to addressing unmet housing Universal design ofa affordable housing that exceed the standards set by the Americans with Disabilities Act (ADA) and are constructed or modified to accommodate residents Proposals with new, innovative strategies to address housing insecurity, including the 4. Innovative Housing Solutions needs and historic disparities in housing. of all: sizes, ages; and abilities. o Examples of universal design features can be found here. O Eviction prevention and diversion programming. Outreach and supportive services for tenants. o Legal assistance or representation. Landlord/tenant médiation. shared housing, elder cottages, etc. following: Magisterial District Judge (MDJ) partnership programs. oC Creative housing solutions to address needs for at-risk communities including 5 5. Homeownership Development of affordable for-sale housing units for low to moderate income households, including pre-development costs, construction, and/or significant Programs providing downpayment and closing cost assistance for first-time rehabilitation. homebuyers and unerabenoerepesened communities. 6. Housing Counseling and Financial Education Activities providing various types of housing counseling, including pre/post-purchase financial education, foreclosure prevention, and other direct client counseling to assist homeowners or renters. 7. Health for Housing Investments Proposals which include a partnership or support from a participating healthcare entity towards financing or implementation oft the affordable housing project or program. The health care entity may include health care payers such as Medicaid managed care organizations and other insurers, health providers such as hospital systems, and health conversion foundations. 8. 9% Tax Credit Projects Developments applying for a reservation of competitive 9% tax credits. o Including developments participating in Section 811 Project Rental Assistance program with units designated for persons with disabilities aged 18-61. o Proposal's intent to participate in the Section 811 must bei included int the PHARE application's Narrative document. Application package, including all exhibits, must be received by the Agency in accordance with the 2025/26 Qualified Allocation Plan (QAP-L LIHTC Application). Applications are limited to three (3) per developer. Counties requesting PHARE/MS funds must be listed on ExhibitA. Fundings requests are limited to $1,000,000. 9. 4% Tax Credit Projects Developments applying for 4% tax credits for large-scale preservation to increase the availability of affordable housing to low and extremely low-income households. ol Including developments participating in Section 811 Project Rental Assistance program with units designated for persons with disabilities aged 18-61. o Proposal's intent to participate in the Section 811 must be included in the Application package, including all exhibits, must be received by the Agency in accordance with the 2025/26 Qualified Allocation Plan (QAP -L LIHTC Application). Projects must include the minimum unit count identified in the QAP. PHARE application's Narrative document. Applications are limited to two (2) per developer. 6 Counties requesting PHARE/MS funds must be listed on ExhibitA A. Fundings requests are limited to $1,000,000. Tax Credit Developments WITH a Health for Housing Investment Project must include a capital investment from a health care entity. The heath care entity may include health care payers such as Medicaid managed care organizations and other insurers, health providers such as The projects must include funding contributions from the participating healthcare entity towards the capital financing of the project, ini the form ofa grant, loan, debt, or the contribution of land and/or existing structure(s). Ar minimum capital contribution from the healthcare entity must be made in the This includes applications seeking a match for donation of land. The Agency will match Land Donation of an amount up to 50% oft the hospital systems, and health conversion foundations. amount of no less than $250,000. "as-is" appraised value. Applications seeking match funds for donated land must also have a minimum capital contribution of $250,000 from the Health Care entity. The Agency may match the amount oft the capital contribution made bythe! health care entity Up to a maximum of $2,000,000 for 9% LIHTC developments. Up to a maximum of $1,500,000 for 4% LIHTC developments. Additional details can be found in Section 4.2.2.10 of the 2025/26 Qualified Allocation Plan (LIHTC Application). NOTE: The Agency may adjust any of these goals and priorities to address emergency housing needs or disasters. Fori further details peraningtoprelerences and program requirements, please refer to the 2024 PHARE Plan. Proposal Requirements All proposals seeking PHARE funds must be submitted electronically via the PHARE Proposal Submission website. PHFA may reject any incomplete application that fails to provide all The Organization Name' entered must be the full legal name of the entity that will ultimately All PHARE Applicants must select the appropriate Application Type that reflects the housing information as described below. manage and report on all aspects oft the awarded PHARE. activities they are submitting for grant funding. 7 New Construction and/or Project Rehabilitation This includes the physical creation of housing units or the preservation of existing Funding requests for this application type are capped at $750,000. Tax Credit projects may request upi to $1,000,000. housing stock only. Housing Related Programs and Services This includes any activities that support individuals and families maintaining Funding requests fori this application type are capped at $250,000. affordable housing. PHARE applicants must complete all required fields under the 'Funding Information, Unit Information, Property Address(es) and Contact Information' sections of the application. The following documents are to be uploaded and submitted within the 'Documents' section of the PHARE Proposal Submission website. Applications missing these documents will not be 1. Proposal Narrative - Provide a concise (one to two page) summary of the overall scope of the proposal, all key elements, and its connection to PHARE Program Goals. The narrative should highlight the need, the anticipated impact of grant funds on households and the The narrative should detail the proposal's geographic scope, any classifications of targeted households or neighborhoods, and metrics that will be used to monitor progress. The narrative should also include a description of the existing local housing market with an explanation of how the proposal will address housing needs while providing stability for 2. Comprehensive Plan = Funding proposals should include a complete implementation The following components should be included for development projects and other programmatic uses of PHARE funds. Proposals seeking to create/rehabilitate housing units and provide housing service programming (case management, counseling, etc.) should For proposals involving the development of new housing units or the rehabilitation Evidence of site control or the ability to acquire the proposed site in a timely manner. A map of the site and the neighborhood identifying proposed municipal improvements and any private development not part of the proposal. Schematic drawings or architectural renderings of the proposed project are also helpful. considered for funding. community, and the proposal's anticipated timeline for completion. current and future residents. strategy for success. include documents from both sections listed below. of existing properties for sale or rent, please provide: 8 Ascope of work summary providing a general overview of the proposed construction or rehabilitation of the property. Evidence the project complies with zoning ordinances and local land Acurrent appraisal of the property/properties may be required. Ifone development plans. has already been completed, please include a copy. Delineation of the anticipated income groups being targeted to rent or purchase housing with the number of units being targeted to each income group. For proposals involving housing-related programs and services, please provide the Name(s) and location(s)of. all partnering organizations that will administer the program and a description oft their experience administering a program of this nature. Ag geographical description of where the program will operate and how the program Delineation of the anticipated income group(s) impacted by the program. following: fits into the overall community landscape. 3. Impact on Inequalities and Disparities - To increase each PHARE applicant's role in helping overcome systemic inequalities and disparities, each proposal must identify a persistent or historical housing disparity that currently exists within the communityt theyserve and how their proposal will address this area ofinequality. Funds will be prioritized to proposals that address housing conditions in targeted zip codes or census tracts that have elevated levels of poverty and racial concentration or where most funds will be used for the benefit of marginalized Applicants must select at least one historically marginalized community that will be directly Members of the Black, Indigenous, and people of color (BIPOC) community, communities, including persons with disabilities. impacted by PHARE funds. including racial/cultural minorities. Members of the LGBTQ+ community. People with Hearing, vision, or physical challenges. People with serious and persistent mental illness. Proposals must also include a narrative (250 words or less) outlining their strategy to address disparities in housing and the proposal's anticipated impact on the selected community to provide fair and equal housing opportunities for all PA residents. Applicants should review their community's Assessment of Fair Housing/Analysis of impediments, the Commonwealth's Analysis of Impediments to Fair Housing Choice, and the Affirmatively Furthering Fair Housing Plan for guidance on current impediments and 9 recommendations to remove barriers and promote fair housing for marginalized Successful grantees will report on their proposal's outcomes related to the grant's impact on fair 4. Budget- - Proposals must include a detailed financial plan with the following elements: List of all: sources of matching or leveraged (non-PHARE) funding being used to support the proposal, including the percentage oft funding provided from all sources. The status of all other pending funds that have been requested to support the proposal, including at timeline showing the availability of pending/committed funds. Commitment letters from all committed funding sources. Complete budget showing the projected use(s) of PHARE and other funding sources. 5. Timeline - The application must include the implementation and completion timeline fort the proposal. The timeline should list anticipated (monthly/quarterly) milestones for the utilization oft thei funds overt the eighteen( (18) month grant period. Grantees must be prepared to begin implementation within one year of the PHARE funding announcement in June/July 6. Letters of Support - Organizations are encouraged (but not required) to submit letters of supportf fromgovernment leaders, elected officials, local organizations and partners, and other 7. County Authorization Document - Required for PHARE/Marcellus Shale funding requests only. Counties applying for PHARE/MS funds must submit County-provided documentation (signed letter or resolution)authorizing the appicationsubmision to PHFA. The authorization document should include language stating that the proposal is currently a high funding priority, and the County wishes for PHARE/Marcellus Shale fund support. If multiple applications are being submitted on behalf of the County, the document must include a The list of Counties eligible to apply for PHARE/Marcellus Shale funds is listed on Exhibit A. 8. Health Care Partner Letter of Intent - Required for all (tax credit and non-tax credit) proposals connected to the Health for Housing Investments funding priority. Acurrent letter ofi intent from the Health Care Entity, which must: Be dated within 60 days oft the Application submission deadline. communities. housing. 2025. community stakeholders. ranked list oft the County's housing priorities. Clearly identify: Healthcare Partner and their level of involvement in the project including Objectives of the partnership with the healthcare partner; as applicable: 10 Description of how the healthcare partner is integrated into ongoing project management and implementation; Roles of the partner in overall project success; Type of partnership and any existing partnership agreements, Ifapplicable, type and amount of financial contribution(s) from the MOUS, etc. healthcare partner, including as applicable: Loan terms and conditions, Grant terms and conditions, Documentation ofl land appraisal for donated land. Proposal Requirements for Tax Credit Developments All LIHTC development proposals must complete the following sections of the PHARE Proposal Submission website: Funding Information Unit Information Property Address(es) Contact Information - all applicants must have at least two contacts within the organization connected to the proposal. Only the documents listed below need to be submitted within the Documents' section of the Proposal Narrative - A concise (1 page) summary of the overall scope of the proposal highlighting the need for the project/program and the expected impact of the funding. Budget - A list of committed sources and uses for all matching and/or leveraged funds Impact on Inequalities and Disparities Narrative = In 250 words or less, please describe how your proposed project/program will be used to address persistent, historical, and significant disparities and inequities that exist by race, class, income, culture, and education. Please identify the specific tactic or strategy that the proposed project will implement to ensure that there is movement underway to affirmatively reduce and Health Care Partner Letter of Intent (if requesting HHI matching funds only) NOTE: PHARE funds disbursed to tax credit projects with be disbursed through PHFA's application website from tax credit proposals. including percentage of funding support from all other sources. eliminate these barriers. Multifamily department as part oft the project's LIHTC closing process. 11 PHARE Proposal Submissions PHARE grant proposals are connected to the online account oft the organization requesting funds inr response to this RFP. Organizations are discouraged from creating multiple PHARE accounts. Once created, proposals may be edited as needed within the proposal submission website until Proposals must be created using the legal name of the organization seeking PHFA funding. Proposals will not be submitted unless you click "Submit Application to PHFA" at the bottom of the Review and Submit screen. A notification will be senti to verify that a proposal has successfully been submitted to PHFA. Applicants will be required to indicate the PHARE funding source(s) for which they are applying, the type of application being submitted, and the amount oft funds being requested in the Funding Information' section. Proposals involving the construction or rehabilitation of housing units must also provide project details in the 'Unit Information' section All proposals must include the acknowledgement that no more than five percent (5%) oft the total amount of awarded PHARE funds may be used for administrative purposes. Administrative expenses are defined as overhead costs not directly linked tot the PHARE goals or the direct benefit the proposal is ultimately submitted. oft the: site. of households. The PHARE Submission Website will open to accept funding requests on Monday, September 16. All PHARE funding proposals and supporting documents must be uploaded and submitted via the site by no later than 2:00 pm on Friday, November 15, 2024. Reporting Requirements Organizations selected to receive PHARE funds are required to submit semi-annual reports to comply with the provisions of the PHARE Act. Grantees are also required to submit a close-out report tot the Agency within thirty (30) days of the final expenditure ofa awarded funds. Reporting requirements will vary based on1 the proposal and will be included int the contract documents. All grantees will be required tos submit reports via the PHARE Website. All awarded PHARE grantees must track and report on the following impacts/outcomes: Amount of PHARE funds expended. Number of households served/impacted. Amount and percentage oft funds used to benefit households below 50% of median area income. Household size (of each individual households assisted). 12 Household income (tracked for each individual households assisted). Amount of Funding Used to Assist Households (tracked for each individual household Amount of administrative costs (capped at 5% of the total awarded funds). Impact of funds used to address barriers to fair housing for marginalized communities. NOTE: In order to gather helpful information on the impact of PHARE funds, grantees organizations should invite program participants to self-identify their race, ethnicity, or a combination of demographics. Submission of this information is voluntary. Lack of demographic information provided will not subject the grantee or the program participant to any adverse treatment. The information obtained will be kept confidential and will not identify any specific individual. Certificate of Subsistence/Good Standing - PHARE grantee organizations will be required to submit a Certificate of Subsistence (Good Standing) that has been generated by the Pennsylvania Department of State within three (3) months from the date grant awards are announced. If selected fori funding, all awarded organizations (corporations, limited partnerships, limited liability companies or limited liability partnerships) will be required tos submit an updated certificate toi the The organization name: submitted via the PHARE website should match the organization name on the Certificate of Subsistence. Directions on howi to order this document can be found on the PA Affordability Period - Housing units impacted by PHARE funds and made available to residents for rent or for sale must remain affordable and must be reserved for occupancy by qualified PHARE Questions - All questions must be submitted via email to Clay Lambert at All applications. must comply in accordance with the 2024 PHARE Plan. PHFA will provide a Frequently Asked Questions document and webinar PowerPoint slides that will be available on its website. All applicants are urged to check the website periodically for updates and additional Preliminary approval and funding of proposals is contingent upon receipt of funds under Act 13 of 2012 and Act 58 of 2015. PHFA reserves the right to contact any applicant for clarification, information, and to adjust applications necessary to fulfill the PHARE Plan requirements. In addition, PHFAmay amend, suspend, terminate, or otherwise withdraw this RFPi invitation and the process described at any time. PHFA shall incur no liability to any entity for any aspect of its submission. All information submitted shall belong to PHFA and shall be subject to public assisted). Source and amount of all matching/everaged funds. Agency. Department of State's website. households for a minimum oft ten (10) years. cambert@phfa.org. Phone calls will not be accepted. guidance. inspection. 13 2024 PHARE/Marcellus Shale Eligible Counties - Exhibit A NOTE: All Counties listed below are also eligible to apply for PHARE/Realty Transfer Tax funds. PHARE/Marcelus Shale Eligible Counties Allegheny Armstrong Beaver Blair Bradford Butler Cameron Centre Clarion Clearfield Clinton Crawford Elk Fayette Forest Greene Huntingdon Indiana Jefferson Lawrence Lycoming McKean Mercer Potter Somerset Sullivan Susquehanna Tioga Venango Washington Westmoreland Wyoming 14 PHFA.org OPHFAtweets PHFAorg PHFA PENNSYIVANIA HOUSING) FINANCE AGENCY August 26, 2024 For Immediate Release PHFA issues RFP to fund mixed-use development projects Funding priority willl be given to proposals from third-class cities HARRISBURG-Thel Pennsylvania Housing Finance Agency today is issuing a Request for Proposals for new construction, ort the rehabilitation, of mixed-use projects seeking financials support. Funding willl be Mixed-use projects combine residential and ctal/Ccommercalspace ini the same building and often. serve as a catalyst for neighborhood revitalization. The deadline for proposalsubmission. is2 2p.m.on This funding program was created as part of the commonwealth's: fiscal year 2017/18 budget, and PHFA was designated by the General Assembly to administer it. This year'sa approved state budget authorized PHFA1 to sell $4.5 million ofs state tax credits and use the proceeds to make awards fort the development of mixed-use properties in commercial/retail corridors in Pennsylvania that are undergoing provided through the Community Revitalization Fund Program. Friday, Nov. 1. revitalization. Examples of projects eligible fori funding include: The rehabilitation of older or under-utilized buildings fori immediate re-use to support community development goals; Preparing commercial build-out and business lease space; The design of, and: structural and legal conversion of, existing buildings; and The provision of additional units of housing by combining uses in a single, newly constructed or "It has been our experience that mixed-use projects bring a special energy to a community through their combination of commercial and residential: space," said PHFA Executive Director and CEO Robin Wiessmann. "This community revitalization funding allows us to not only bring more affordable housing to at town or city, but also to provide an economic spark from the businesses attracted to each Eligible applicants for this funding include units ofl local government (counties, cities, boroughs, etc.); redevelopment authorities; for-profit firms; non-profit groups; and economic development organizations. Applications from third-class cities willl be given higher priority in this year's proposal For the first time, CRFP applications willl be completed and submitted entirely online, eliminating the need for paper submissions and simplifying the process for applicants. The RFPi is located on PHFA's website at ittps//www.phfa.o/mhp/developers/loansaspx. The online application is accessible on the CRFP website at tpsl/cfpphfa.org. Questions may be directed to Shelby Rexrode at PHFA via email at srexrode@phfa.org. The Pennsylvania Housing Finance Agency works to provide affordable homeownershipi and rental housing options for older adults, low- and moderate-income families, and people with special housing needs. Through its carefully managed mortgage programs and investments in multifamily housing developments, PHFA also promotes economic development across the state. Since its creation by the renovated building. development, too." evaluations. About PHFA PHFA issues RFP toj fund mixed-use projects, Page. 2 legislature in 1972, it has generated nearly $18.5 billion of funding forr more than 199,500 single-family home mortgage loans, helped fund the construction of 103,328 rental units, distributed approximately $289 million to support local housing initiatives, and saved the homes of more than 50,8601 families from foreclosure. PHFA programs and operations are funded primarily by the sale of securities and from fees paid by program users, not by publict tax dollars. The agency is governed bya 14-member board. Contact: Scott Elliott 717-649-6522 (cell) selliott@PHFA.org # PHFA PA HOUSING FINANCE AGENCY Community Revitalization Fund Program (CRFP) Overview and Request for Proposals August 26, 2024 The Pennsylvania Housing Finance Agency ("PHFA" or "Agency") announces a Request for Proposals ("RFP") toj participate in the Community Revitalization Fund Program ("CRFP" or the "Program"), which provides financing for the construction or rehabilitation of critical projects providing affordable housing in commercial corridors across the Commonwealth of Pennsylvania (the Commonwealth"). This Program serves as a funding mechanism to bridge the gap that exists between traditional housing programs and commercial lending sources while fostering sustainable partnerships to leverage public and private Funding from this Program will be awarded to financially viable, mixed-use projects that are consistent with a well-defined community development ori revitalization plan (Main Street Corridor Plan, Downtown Development Strategy, etc.). Financing may be provided for the overall project and not merely for the resources. housing or commercial development component. Program Goals To administer this Program most effectively, PHFA has outlined the: following Program goals. These goals willl be used as thei framework and basis for review and selection of projects. Applications will be evaluated based on their ability to address each goal as well as the financial capacity of the applicant to successfully implement and manage thej project as a core component ofal broader community: revitalization strategy. 1. Increase funding for affordable housing and commercial corridor development in areas of the Commonwealth where significant need and impact can be: identified and documented. 2. Maximize the leveraging ofr resources to the greatest extent possible. 3. Ensure that resources are used in an effective and efficient manner to meet the needs of the 4.. Fostersustainable partnerships that will be committed to addressing needs over as significant period. 5. Provide strategic financing for "capstone" projects that will advance an overall strategy for 6. The Agency will prioritize applications from smaller communities (31d Class cities) across the communities impacted. revitalization ofa community. Commonwealth for this Program round. 211N.Front: St. POBox8 8029 . Harrisburg, PA: 17105-8029 www.phfa.org 717.780.3800 . TTY800-654-5984 1- PHIFA PA HOUSING FINANCE AGENCY Eligible Applicants Eligible applicants include Pennsylvania units of local government such as counties, cities, towns, boroughs, townships and municipalities, redevelopment authorities, for-profit entities, non-profit entities (with operational capacity), economic development organizations, and neighborhood/downtown/usiness improvement districts. Partnerships between public and private entities are strongly encouraged. Al Pennsylvania single purpose, legal entity must be created by the applicant(s) specifically for thej project and willl be the entity with fiscal and: fiduciary responsibility fori implementation, management, monitoring, and project reporting. All documents pertaining to Program requirements will be the responsibility oft the entity. Eligible Uses CRFP funds may be used to finance any component of the proposed mixed-use project. The proposal should target those areas within municipalities, urban centers and commercial corridors of core communities which have experienced or are ati imminent risk ofs significant depopulation, disinvestment, or distress. Thej proposed: improvement(s), must have a documented beneficial impact on the community. The Agency will determine qualification for funding based upon the overall strength of the enclosed market study, demographic data, strategic studies, and other empirical information provided by the applicant. Eligible uses for Program funds may include: Development, rehabilitation, and/or site improvements to mixed-use properties; Rehabilitation or restoration of older or underutilized buildings for immediate reuse that will Acquisition, provided documentation is included to support market values (such as an appraisal), as well as comprehensive funding to: implement reuse and effective operation oft the building after Design, structural and legal conversion of existing buildings into retail and affordable housing support other community development goals; purchase; Commercial build-out and business lease space; and Financial Assistance 1. Grant Amount - Thei minimum grant request must be no lesst than $500,000 and the maximum request may not exceed $1,000,000. The Agency will limit overall funding to $1,000,000 for any one (1) applicant each Program year. 211N. Front St. . POI Box 8029 . Harrisburg, PA: 17105-8029 www.phfa.org 717.780.3800 . TTY800-654-5984 -2- APHFA PA HOUSING FINANCE AGENCY 2. Additional Financial Assistance -The Agency has additional funding available to support the development ofi mixed-use projects through its Revised Community Leveraging Assistance Initiative Mortgage (ReCLAIM) program. ReCLAIM loan funds are geared toward smaller-scale, mixed-use development projects with a financing gap that are able to support additional debt. Repayment of these loans will commence one year following construction completion. Payment of principal only shall be made from surplus of revenues over expenses generated by the entire development (i.e., residential and commercial portions) during any calendar year. There will be no interest due and payable on the mortgage loan (except for default interest). The loan will be repaid CRFP projects are evaluated, in part, based upon. their financial readiness and ability to leverage additional resources. Any applicant with a financing gap who believes this funding could increase the competitiveness of their application is encouraged to reach out to Agency staff to determine if their over aj period not to exceed 25 years. project may qualify. Proposal Requirements This section outlines the specific requirements forj proposals under the Program. 1. The tructures/property must be located on a commercial corridor supported by a comprehensive neighborhood revitalization strategy. The neighborhood revitalization strategy or municipal strategic plan should specify plans for economic development and include other physical or public safety improvements, proposed or in place, such as sidewalks, streetlights, and the proximity to or availability ofo other community services and amenities such as transportation, schools, shopping areas, parks, etc. 2. Allj projects submitted for review must include ai mix of uses in some combination of non-residential retai/commercialccultura/imstitutionaloffice/ight industrial) space and residential units. The size of non-residential space allocated should be appropriate tot the overall commercial corridor and in similar 3. Evidence ofi financial viability with supporting information for the residential portion, the commercial 4. The use for commercial portions, identifying proposed or existing tenants, build-out requirements, NOTE: PHFA will require that projects maintain a mixture ofi residential and non-residential uses fora a period of at least ten (10): years. The affordable: residential units must remain affordable tol households at scope and scale to existing structures/businesses. portion, and the entire mixed-use facility must bes submitted. existing rents, and lease agreements, should bej provided ifa available. 211N. Front St. . POB Box8029 . Harrisburg, PA: 17105-8029 www.phfa.org 717.780.3800 . TTY800-654-5984 -3- MMPHIFA PA HOUSING FINANCE AGENCY or below 80% of Area Median Income (AMI) for aj period of at least ten (10) years. Preference will be given toj projects committed to longer periods of mixed-use in scope and residential affordability. PHFA reserves thei right to reject any application whichi includes costs or feest that PHFA deems tol be unreasonably high or excessive. Selection Criteria The following criteria has been established to guide the Agency ini its review of projects and determination 1. PHFA's goal is to fund projects across all geographic areas of the Commonwealth. This round, the Agency will prioritize applications from 3rd class cities and smaller communities. 2. The. Agency reserves the right to determine the reasonableness oft the overall cost per residential unit and cost per square footofremallcommercial, etc. in determining thet threshold appropriate for Program funding. Projects with costs deemed unreasonable may bei rejected by the Agency. for distribution of the Program funds: Required Proposal Details All proposals seeking CRFP funding must be submitted electronically via the CRFP Proposal Submission website. PHFA may reject any incomplete application or any application that fails to provide all On the CRFP Proposal Submission website, applicants must select the option that best describes their proposal: new construction ori rehabilitation. New construction should be selectedi if applicant iss submitting aproposal that solely involves thei new construction ofai mixed-use development. The Rehabilitation option should be selected if applicant is submitting a proposal that involves the rehabilitation or restoration of CRFP applicants must complete all required fields under the 'Funding Information, Unit Information, Property Address(es), Contact Information, and Summary of Funds' sections oft the application. Additionally, the items listed below must be uploaded and submitted within the Additional Documentation' section of the CRFP Proposal Submission website. Applications missing these 1. Narrative: A description oft the proposal, project scope, and the need for and expected impact oft the funding. All key features of the proposal, including targeting, impact, and how the funds will make quality housing affordable and commercial development morei readily available should be addressed in information as described ini this RFP. existing or underutilized buildings for immediate reuse as ai mixed-use development. documents may not be considered for funding. this section. 211N.Front: St. . POI Box8029 . Harrisburg, PA: 17105-8029 www.phfa.org 717.780.3800 . TTY800-654-5984 -4- MPHIFA PA HOUSING FINANCE AGENCY Include a description oft the existing real estate market and detail how thej proposed project will address present needs while also providing stability for residents into the future. Applicants are strongly encouraged to provide sufficient market information (i.e., market study) regarding the need for 2. Financing: Projects will be evaluated based on their ability to leverage resources to the greatest extent possible and their demonstrable ability to secure other financing sources in at timely fashion. A detailed plan including all the following should bei included, if applicable: the project. Al list of matching and/or leveraged funds; and Status of funding for each source (i.e., committed or requested). For uncommitted sources, applicant should note the status and timeline for securing and accessing those funds. Commitment letters from all committed funding sources must bei included. 3. Ownership: A single purpose, emmyvana-domcle4, legal entity must be created by the applicant(s) specifically for the project and this entity will have fiscal and fiduciary responsibility for implementation, management, monitoring, andj projecti reporting. All Program requirements willl be the responsibility of the ownership entity. Organizational documents should be provided for the single 4. Comprehensive Plan: Evidence that the site is part of an existing or proposed comprehensive neighborhood revitalization strategy (such as a Main Street Corridor Plan, Downtown Development Strategy, etc.) with a detailed description of the strategy. The articulated strategy must specify plans for economic development and include other physical or public safety improvements proposed or in place, such as sidewalks, streetlights, proximity to, or availability of, other community services/amenities such as transportation, schools, parks, grocery stores, employment, healthcare 5. Impact on Inequalities and Disparities: Evidence that the proposed project will address persistent, historical, and significant disparities and inequities that exist by race, class, income, culture, or education. This section should identify a persistent or historical housing disparity that exists within the community oft the proposed project and how this development will address this area ofinequality. 5. Site Control: Evidence of site control or, in the alternative, evidence of the ability to acquire the 7. Zoning: Evidence satisfactory to the Agency that the proposed development complies with zoning purpose entity. services, etc. proposed sitei in a timely manner. ordinances and local land development plans. 211N. Front St. . POBox 8029 . Harrisburg, PA 17105-8029 www.phfa.org E 717.780.3800 . TTY800-654-5984 -5- MPHIFA PA HOUSING FINANCE AGENCY 8. Budget: This section should include the following budgets: Development budget (encompassing both residential and commercial). The development budget should include the total development costi fort the entire project with a separate column identifying how the PHFA funding will be spent if awarded. 10-year pro forma operating budget 9. Location Map: A map of the project site and neighborhood should be provided identifying any proposed municipal improvements or private development that is not] part oft the funding proposal. The map ini this section should identify all existing uses within a six-block radius oft thej project site. Additionally, it should identify any privately or publicly owned subsidized rental housing developments or developments that have been funded by PHFA or other state agencies (if known). 10. Existing Condition Photos: Photographs of thej proposed site, contiguous sites, surrounding area and 11. Architectural Drawings: Schematic drawings and a 3D rendering (if available) of the proposed NOTE: The Agency requires that commercial space and housing units be accessible and constructed and operated in accordance with applicable fair housing and Americans with Disability Act 12. Timeline: Proposals must show an overall timeline, complete with monthly/quarterly milestones, for the utilization of funds. Projects should be prepared to complete construction within eighteen (18) neighborhood, as well as photographs of thei interior of the property. project. requirements. months oft the award of funds. 13. Appraisal: An appraisal of each property in thej proposed development, if available. NOTE: An appraisal isi required if applicant isi requesting grant funds for the acquisition of the subject 14. Previous Experience: A description of previous development experience for all partners involved in the project with specific details related to experience within thej proposed community. 15. Letters of Support: Applicants are encouraged, but not required, to submit letters of support from elected officials, local organizations, and other community stakeholders. property. 211N.FrontSt. . POI Box8029 . Harrisburg, PA: 17105-8029 www.phfa.org 717.780.3800 . TTY800-654-5984 -6- MMPHIFA PA HOUSING FINANCE AGENCY NOTE: PHFA may charge appropriate fees to cover administration, review, and monitoring. PHFA expects that projects will be subject to all applicable Pennsylvania laws related to funding from public sources of funds (.e., fair housing, accessibility, wage rates and labor standards). Proposal Submission Instructions CRFP grant proposals are connected to the online account oft the organization requesting funds ini response to this RFP. Organizations are discouraged from creating multiple accounts. Once created, proposals may be edited as needed within the proposal submission website until thej proposal is ultimately submitted. Proposals will not be submitted unless you click "Submit Application to PHFA" at the bottom of the Review and Submit screen. A notification will be sent to verify that a proposal has successfully been submitted. The CRFP Submission Website will open and begin accepting funding requests on Monday, August 26, 2024. All CRFP funding proposals and supporting documents must be uploaded and submitted via the site no later than 2:00 pm on Friday, November 1, 2024. Reporting Requirements Successful applicants must immediately report, in writing to PHFA, any material changes in ownership, staffing, or financial condition of the developer or ownership entity. Any transfer of ownership of the subject property is subject to and must receive prior approval from PHFA in accordance with the This grant program is funded by thej proceeds generated through the Mixed-Use Development Tax Credit Program. Funding ofthe granti is, at all times, subject tot the availability off funding. The. Agency is required toj provide an annual report to the Governor and Legislature with al listing of the taxpayers who applied for the tax credits, those awarded a tax credit certificate, and a list of projects funded through CRFP. PHFA partners with the Pennsylvania Department of] Revenue to review interested taxpayers to ensure that they are: fully compliant with alll Programi requirements. Successful project applicants will bei required to submit Affordability Period - Housing units impacted by CRFP funds and made available to residents must remain affordable at or below 80% Area Median Income (AMI) and must be reserved for occupancy by requirements set forth in the: funding agreement. ongoing documentation related to the operation of their project. qualified households for ai minimum oft ten (10): years. 211N. Front: St. . POE Box 8029 . Harrisburg, PA: 17105-8029 www.phfa.org 717.780.3800 . TTY 800-654-5984 -7- MPHIFA PA HOUSING FINANCE AGENCY CRFP Questions- All questions must be submitted via email to Shelby Rexrode at rexrode@phfa.org. Phone calls will not be accepted. 211N. Front St. . POBox8029 . Harrisburg, PA: 17105-8029 www.phfa.org 717.780.3800 . TTY800-654-5984 -8- JUNE 2022 Community Revitalization Fund Program PROGRAM IMPACT REPORT M 0 For more information contact: PHFA FINANCE PA! HOUSING AGENCY Shelby Rexrode srexrode@pha.ors - PHFA I JUNE 2022 PROGRAM SUMMARY The Community Revitalization Fund The Community Revitalization Fund Program (CRFP) was enacted as part of the Commonwealth's fiscal year 16/17 budget and implemented in July 2017. CRFP authorizes PHFA to sell tax credits and use the proceeds to support mixed- use development in commercial corridors across Pennsylvania. This funding fills the gap between traditional housing financing and commercial lending options for critical projects. CRFP aims to support community revitalization and economic development, and targets small-scale projects in communities with significant needs. This includes the prioritization of funds for third class cities and smaller communities that often lack access to needed development In the first two years of the program, the Agency was authorized to sell $2.0 million in tax credits. This increased to $3.0 million in year three, and to $4.5 million most recently. The program has experienced success with this unique bifurcated structure; as the overall allocation of tax credits has increased, sO has the average tax credit bid. To date, the Agency has sold five rounds of tax credits, awarded four rounds of grants, and funded 22 projects. CRFP's application process is highly competitive due to high need and past program success. PHFA hopes to continue to grow the CRFP to meet current demand. Each year the Agency receives significantly more requests than funds available. resources. 684990 HAPIPI . MPHFA PHFA I JUNE 2022 IMPACT AT A GLANCE 22 Mixed-Use Projects awarded 279 Affordable Residential Units 124k Square Feet of Commercial Space 2 PHFA JUNE 2022 $10.6 M Total Funds Awarded $75.2 M Additional Funds Leveraged" Includes federal, state, local, and private sector resources PHFA 3 PHFA I JUNE 2022 PROJECT LOCATIONS Community Revitalization Fund Program, 2018-2022 404-06West8 Bths Street Rehabilitalion/Ourl WestE Bayfront ORD Titusville Irony Works AThel Lofts @Oaks Main The Flats Center OThe" Wrigh" Project AColork LabR Rehab AR River District: Project! Pittsburgh. Area Philadelphia - 5Points in Observatory Hill Sixth Ward Flats Herron & Wylle Mt. Airy Art Garage 3200 Kensington Avenue Dox Thrash House 2613-15 West Girard Avenue Winter Street Project TomTom24 Development 1009 Wood Street Homestead Bakery Lofts Rafael-Porrata-Doria Place Newl Freedom District Enterprise Center D Braddock Community Development 4/15/22 Through the pastseveral fundingrounds, CRFP has PHFA will continue to prioritize third class cities prioritized funding for third class cities and smaller in future CRFP rounds. These cities are often communities to help distribute funds across the overlooked and investing funds in these state. Ofthe2 22 funded projects, nineare locatedi in communities provides the most significant impact. third class cities across the Commonwealth. Still,a The Agency is committed to imcreasingmartketing, majority of requests and funded projects are education, and awareness efforts to support located inl PhiladelphtaandPittsburgh: successful CREPapplications in third class cities. HFA 4 PHFA IJUNE 2022 CASE STUDY #1: West 8th Street Rehab, City of Erie Awarded in 2020, the West 8th Street project rehabilitated a historic mixed- use property in the West Bayfront community in the City of Erie. Vacant since 2016, the building is located in a once-prominent retail corridor which has since faced significant decline. This project catalyzed additional neighborhood investment, spurring neighborhood revitalization. CRFP provided the needed financing to fill budget gaps. The building is currently occupied by Our West Bayfront and the Veteran's Leadership Program of HOWARD'S PWOTOGRAPKT BEFORE Western Pa. Award: $500,000 Total Cost: $1,309,487 Grantee: Our West Bayfront Location: City of Erie, Erie County Details: 3 apartments + 2,165SF of commercial space OWE AFTER FPHFA E PHFA IJUNE 2022 CASE STUDY #2 Big Tom's Barbershop, Pittsburgh The TomTom24 Development received a CRFP grant in 2021 for the rehabilitation of a long-vacant and deteriorating building in a prime location on Centre Avenue in the Hill District of the City of Pittsburgh. The commercial space will be occupied by Big Tom's Barbershop, a Hill District establishment for the past 14 years. This project will serve asan early catalyst for the equitable redevelopment of the entire Centre Avenue corridor. Award: $500,000 Total Cost: $1,340,490 Grantee: TomTom24 Dev, LLC Location: Pittsburgh (Hill District), Allegheny County Details: 4 affordable apartments + 1,650 SF commercial space (to be occupied by Big' Tom's Barbershop) PHFA IJUNE 2022 CASE STUDY #3: New Freedom District, Philadelphia Awarded in 2022, CRFP funds will support the construction of two new mixed-use buildings. This project will anchor larger revitalization efforts in the rebranded 'New Freedom District' in the Belmont neighborhood of West Philadelphia, a community which has experienced decades of disinvestment. The New Africa Center/Muslim American Museum and Archive will be the anchor tenant and allow for the expansion of museum offerings. The remaining three commercial spaces will bei targeted toward small businesses. SBORE Award: $700,000 Total Cost: $6,980,687 Grantee: Islamic Cultural Preservation and Information Council (ICPIC-NAC) Location: Philadelphia (Belmont), Philadelphia County Details: 45 affordable apartments + 5,320 SF commercial space BEFORE PHFA 7 PHFA IJUNE 2022 APPENDIX: CRFP Application and Funding Data FISCAL YEAR '19-20 15 $13.1 '18-19 9 $6.2 '20-21 15 $11.3 21-22 TOTAL 16 $13.2 Number of Applicants" Total Funds Requested Approved CRFP Data: Number of Approved Projects Funds Requested CRFP Funds Awarded 55 $43.8 6 $4.0 $2.4 5 $3.7 $2.3 5 $3.8 $2.2 6 $5.1 $3.7 22 $16.6 $10.6 Note: Millions of Dollars including lack of funding. *The number includes applicants denied for various reasons M PHFA 8 QUESTIONS? CONTACT PHFA PA HOUSING FINANCE AGENCY US. EQUAL HOUSING OPPORTUNITY WW.PHFA.018 sreNvodepAa.ors 717.780.1854