The Local Initiatives Support Council Philadelphia (LISC) has released its recommendation for prioritizing and spending monies from the new Housing Options Grant Program.
The affordable housing grants are to be administered by the Pennsylvania Housing Finance Agency.
The new 2022-2023 federal budget set aside $375-million in additional funding for affordable housing. And $100-million of that has been set aside for a Housing Options Grant Program.
LISC advocates targeting the grants toward preservation of smaller rental property owners with fewer than 50 units.
Hapco Philadelphia has been asked to provide feedback on those recommendations as part of The Preservation Network. AND YOU CAN HELP!