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Webinar: Creating a State Housing Tax Credit in PA

Sep 3, 2020

The Housing Alliance of Pennsylvania, the PA Association of Housing and Redevelopment Agencies (PAHRA), and the PA Developers Council invite you to join them for a webinar on September 3 from 11:00 – 11:45 am for an update and strategy discussion to create a state housing tax credit in PA.

SB30 – legislation to create a state housing tax credit – has moved swiftly through the legislature, thanks to the leadership of the bill sponsor Senator Tom Killion. In January 2020, it passed the Senate unanimously. The House Urban Affairs Committee and the House Appropriations Committee both passed the bill out of committee just a few weeks ago. It is hoped the bill will be passed by the House in the fall so that it can be signed by the Governor by the end of the calendar year.

Click here for the bill summary.

About the State Housing Tax Credit:
The state housing tax credit will be a new source of funding, leveraging private partners, to support the construction and rehabilitation of safe and affordable homes in our state.

The $10 million annual allocation will create economic benefits, a boost our economy needs right now.

For every $10 million invested in the construction of new and renovated affordable housing, it will generate $9.6 million in indirect economic benefits through local purchasing and supporting local businesses. In total, every $10 million in affordable housing construction results in a total economic impact of $19.6 million and supports 110 jobs. Click here for the economic analysis published by the Housing Alliance of PA.

Speakers:
Phyllis Chamberlain, Executive Director, Housing Alliance of PA – Moderator
Dan Farrell, Legislative Committee Chair, PA Association of Housing and Redevelopment Agencies (PAHRA)
Andy Haines, Chairman, PA Developers Council
Lois Hagarty, Legislative Consultant, Housing Alliance of PA
Andrea Mannino, Senior Advisor, Policy and Practice, Housing Alliance of PA

Learn more and register.

Details

Date:
Sep 3, 2020
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Organizer

Housing Alliance of Pennsylvania