This story appears in the May 2021 issue of the Town&Gown
Celebrating its 25th anniversary, the State College Community Land Trust has made its mission to sustain the vibrancy and diversity of the borough community by promoting affordable homeownership opportunities.
With 51 houses, 73 homebuyers, and providing financial education for more than 300 individuals, the land trust is focused on creating more inclusive housing opportunities.
“We hear a lot about affordable housing and the affordable housing crisis now, but even way back in 1996, pressure from Penn State student rentals and the growing university was driving housing costs up,” says Anna Kochersperger, the land trust’s outreach and development coordinator. “A lot of working families were leaving the borough at the time, so there was a keen interest to keep people in the borough, to keep a diversity of residents. Not just students, not just working families, but keep a good mix. So, the State College Community Land
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State College Borough has been awarded more than $1 million in funding through the Commonwealth for its two nonprofit partners to acquire and renovate townhouses on Old Boalsburg Road for use as affordable rental units.
“All Pennsylvanians deserve access to affordable, safe, and livable spaces in their communities,” Gov. Tom Wolf said in a statement on Thursday. “This investment will support State College’s efforts to ensure that residents have affordable housing options in close proximity to the borough’s commercial corridors, downtown and Penn State University for work, school and shopping needs.”
The funds which come from the Department of Community and Economic Development’s HOME Investment Partnerships Program include $945,000 to purchase and rehabilitate eight three-bedroom townhouses on one parcel at 803-817 Old Boalsburg Road.
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