Agency doles out millions for housing
6/9/20231 min read
By Joel Berg
The state is showering millions of dollars onto companies and organizations addressing one of Pennsylvania's most critical needs: affordable housing.
The Pennsylvania Housing Finance Agency announced yesterday the recipients of $61.5 million in awards from the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund, which takes in money from real estate transfer taxes and natural gas impact fees.
The statewide total includes nearly $7.3 million for projects and organizations in Central Pennsylvania.
Beneficiaries include nonprofit and for-profit developers, as well as social service agencies.
The nonprofit developers include Lancaster-based HDC MidAtlantic and Harrisburg-based Tri-County HDC.
For-profits include Wormleysburg-based Steel Works Construction, Harrisburg-based Fernandez Realty Group and Lancaster-based OZFund Inc.
The money is supporting the construction of new housing, renovation of existing buildings and programs to combat homelessness and assist first-time homebuyers.
OZFund, for example, is receiving $350,000 for a mixed-use, 52-unit apartment project at 800 S. Queen St.
It's the final piece of funding for the project, which includes a 6,000 square-foot convenience/grocery store, said OZFund founder and CEO Jeremy Feakins.
Address
128 E Grant Street
Suite 103
Lancaster, PA 17602
Contacts
717-715-0238
hello@elevarecommunities.com
Subscribe to our newsletter
Legal
Privacy Policy
Terms of Use
Data Room Access
Disclaimer
Investments are speculative and involve substantial risk, including possible loss of capital. Opportunity Zone investments are subject to complex tax rules, and any potential benefits depend on individual circumstances. This website is for informational purposes only and does not constitute an offer or solicitation of securities. Any offering is made only to qualified investors pursuant to a Private Placement Memorandum. Certain investments may be structured to align with program-related investment (PRI) objectives; prospective investors should consult their own legal, tax, and financial advisors.
© Elevare Corporation, 2026. All Rights Reserved.