Westchester – A major project to bring 50 affordable senior homes to the Phoenixville Autonomous Region will receive approximately $ 1.2 million in tax credit through the Pennsylvania Housing Finance Agency. PHFA is levying a low income tax of $ 1,187,000 on the Hankin Group’s proposal to build an affordable one-bedroom, four, two-bedroom unit at 115 Buchanan Street in the Phoenix Building. Announced that the deduction is conditionally reserved. Units reserved for people over the age of 62 are available for less than 60% of the local median income. “We are deeply grateful for the support we have received from the leaders of the autonomous regions, counties and states. Providing affordable housing for the elderly has been the most satisfying task of my career. We are excited to work with the Autonomous Region to create a safe and beautiful community for people over 62, said Robert Hankin, President and Chief Executive Officer of the Hankin Group. Increase. With an estimated total area of around 54,000 square meters, the new residential community is intended to be a place where residents can maintain an active lifestyle in a safe, comfortable and cozy inner city. On the other hand, reliable access to public transportation is nearby, not to mention plenty of opportunities for community participation, educational programs, social activities, and quality medical services. The announcement was welcomed by state and local authorities, including Senator Carolyn Committer, MP Melissa Shasterman and MP Daniel Friel Otten. “With a thriving downtown business district and the best shopping, dining, and entertainment options, the Phoenixville Autonomous Region has become one of the top travel destinations in southeast Pennsylvania. This success has created a demand for housing. Will lead to higher housing costs, ”says Comitter. “These tax breaks have helped ensure the availability of housing for our old friends and neighbors, and those who laid the foundation for the current success of the autonomous region continue to be part of the Phoenix Building Community Offers. “Congratulations to the Hankin Group, which received the PHFA Award 2021! PHFA recognizes the need for sustainable and affordable housing for all residents. The Hankin Group is committed to this goal. Thank you for doing your job well, ”said Shusterman. “Affordable housing is critical to communities like the rapidly growing Phoenix Building. Affordable housing is good for health and quality of life as we continue to recover from pandemics. We saw how important it is. We are grateful for this investment by PHFA and the Hankin Group in our community, ”said Friel Otten. “Thanks to all community partners for their efforts to secure this important funding.” “This autonomous region has partnered with the Hankin Group to provide land for this project and is excited about the opportunity to help the most vulnerable citizens, including 11.5% of the elderly to provide a home. That wonderful project is Phoenix Building. It is within walking distance of the nearby shops and restaurants in downtown Phoenix, ”said E. Jean Krack, manager of the Phoenix Building Autonomous Region. The Phoenix Building project is offered under the announced $ 43.6 million low-income residential tax credit on 37 affordable housing developments across the state. In addition to PennHOMES funding of $ 7.4 million and the National Housing Trust Fund of $ 15.9 million or more, these investments will support the construction of 1,974 affordable rental homes across the Commonwealth. “Tax credits are the best tool to help build affordable rental housing in Pennsylvania,” said Robin Wiessmann, Executive Director and CEO of PHFA. “Our mission at PHFA is to expand affordable housing options for citizens. Today, these developments receiving tax credits will help us do that. . “The pandemic shows how important affordable housing is for people’s health and quality of life,” said Governor Tom Wolf. “We are excited to be able to finance the construction of these new rental units to meet the demand for more affordable housing in the Commonwealth.” Source Link $ 1.2M for Affordable Retirement Homes in the Phoenix Building – Daily Local
[ad_2]
