Centre County is currently soliciting applications for affordable housing project activities funded by Act 137.
The CASH program opens Tuesday, June 26, 2022 and closes on Friday, August 26, 2022 at 5:00 P.M.
CENTRE COUNTY BOARD OF COMMISSIONERS ANNOUNCE THE CONSTRUCTION AND ACQUISITION/REHABILITATION FOR SUSTAINABLE HOUSING (CASH) GRANT PROGRAM
Centre County is currently soliciting applications for affordable housing project activities funded by Act 137. The Board of Commissioners shall grant Affordable Housing Trust Fund dollars which will serve eligible individuals with a gross household income of below 100 percent of the Area Median Income for Centre County, with an inclusion of households at 30% as adjusted annually by the U.S. Department of Housing and Urban Development.
Previous Act 137 funds have been awarded in the past in the form of a “rolling” basis, and this process was considered a “pilot” program in 2021. It is being offered again this year and is dependent on funding availability and project need. Types of eligible projects that will be considered for funding include construction of new rental and owner-occupied housing, acquisition and rehabilitation of housing units for re-sale or to rent and land acquisition for a proposed project to be completed within a two-year time frame. This year’s CASH Grant amount will be capped at $100,000.
These funds can be used to match federal, state and/or local program funds for affordable housing initiatives in Centre County. Eligible applicants include housing and/or redevelopment authorities, other related agencies, non-profits, land trusts and developers of affordable housing units. Individual homeowners are not eligible under this program. A cash match is not required, however, the use of Affordable Housing Trust Fund dollars to leverage other affordable housing funding is encouraged throughout the application process.
Eligible applicants may obtain an Act 137 Notice of Funding Application Packet upon request by contacting the Centre County Planning & Community Development Office, 420 Holmes Street, Bellefonte, PA, 16823. Walk-ins, as well as digital email requests are acceptable. Application requests via email can be sent to Betsy Barndt, Senior Planner at email@example.com.
The CASH program opens Tuesday, June 26, 2022 and closes on Friday, August 26, 2022 at 5:00 P.M. Project recommendations and grant award amounts for eligible projects will be announced on Tuesday, September 20, 2022 at 10:00 a.m. during the regular meeting of the Centre County Board of Commissioners.