PHFA Announces Creation of Developer Opportunity Fund
Its goal is to address competitiveness in tax credit housing development by helping new and smaller developers with funding and experience to overcome their strategic disadvantages
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HARRISBURG, Pa., March 12, 2021 /PRNewswire/ The Pennsylvania Housing Finance Agency today announces the creation of the Developer Opportunity Fund to help promote the growth and financial capability of Women-owned Business Enterprises, Minority-owned Business Enterprises and community developers that are building affordable housing within Pennsylvania through the Low Income Housing Tax Credit Program. The need for this fund became apparent after observing the various developers that applied for tax credit allocations during the past few years.
PHFA Announces Creation of Developer Opportunity Fund
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Staff report
Wellesley Townsman
Glen Grove apartments at 50 Grove St. in Wellesley is reopening a wait list for rental applications.
This affordable housing opportunity is open to elderly individuals or individuals with disabilities. Eligible applicants will be placed on the wait list in random order via a lottery system.
This opportunity is for the wait list only. There are no rental units available now.
To apply, you must meet the income qualifications under the Low Income Housing Tax Credit Program. Qualified residents may not pay more than 30% of their adjusted income for rent.
To pick up an application, contact Glen Grove Apartments, 50 Grove St., Wellesley, MA 02482 (Monday to Friday from 8:30 a.m. to 4:30 p.m.) at 781-237-7634, email Glengrovelottery@wingatecompanies.com, or visit the Wellesley Library, 530 Washington St.
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