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Pennsylvania Housing Finance Agency (PHFA):
The Pennsylvania Housing Finance Agency is the Commonwealth's
leading provider of capital for affordable homes and apartments.
Created to help enhance the quality and supply of affordable
homes and apartments for older adults, persons of modest means,
and persons with disabilities, the Agency operates homeownership
programs, rental housing development initiatives, and a
foreclosure prevention effort.
In its nearly 35 years of existence, PHFA has provided
$8,000,000,000 of funding and tax credits for home mortgage
loans and apartment units, while saving the homes of tens of
thousands of families from foreclosure.
In addition to its major programs, the Agency conducts
housing studies, promotes counseling and education for renters
and homebuyers, encourages supportive services at apartments it
has financed, administers rent subsidy contracts for the federal
government, and acts as an advocate to promote the benefits of
decent, affordable shelter for those who need it most.
PHFA also has a significant effect on employment. Its
homeownership and multifamily rental programs offer vendors
excellent business opportunities in the fields of real estate
sales, development, law, construction, architecture,
engineering, lending, housing management, and related
disciplines. Other Agency-related measures affect employment and
industry in a wide variety of fields and professional
disciplines.
By carrying out its mission, PHFA helps make the Commonwealth
a great place to call home.
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