ELLWOOD CITY, – State Rep. Jaret Gibbons, D-Beaver/Butler/Lawrence, announced that the Pennsylvania Housing Finance Agency approved funding in Beaver and Lawrence counties to improve the availability and affordability of housing in the Marcellus Shale region of the state.
Beaver County will receive a $100,000 award toward the New Brighton Gateway Revitalization Phase II project. This project will complement the county’s existing Home Improvement Program to provide financial assistance to eligible owner-occupants for home improvements, focusing on code deficiencies and other rehabilitative activities to avoid or remediate blighting conditions.
Lawrence County will receive a $150,000 award toward the Lawrence County Homebuyer and Affordable Rental Program. The program consists of both a homebuyer initiative that assists households with construction loans, down payment assistance and soft second mortgages and a rehabilitation of rental units initiative. “The Marcellus Shale activities in our area play an important role in expanding Pennsylvania’s economy and addressing our energy concerns,” Gibbons said. “With the amount of workers relocating for jobs associated with Marcellus Shale, it’s vital that we have affordable and available housing to meet their needs.”
The funding for the housing programs and projects is being made available through the Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund and Marcellus Shale impact fees. A total of $8.45 million is being distributed in 22 Pennsylvania counties