2005 Homeownership Choice Programs and Mandatory Preapplication Seminars [35 Pa.B. 1941] The Housing Finance Agency (Agency) has set aside funds to continue the PHFA Homeownership Choice Programs (HCP).
In 2005, HCP will fund development of new single family homes for purchase in urban communities through (HCP-HCI). In addition, the Agency is providing continued funding for Neighborhood Revitalization Initiative (HCP-NRI), which offers funding for the substantial rehabilitation of vacant housing and construction of in-fill homes as a part of a municipality's comprehensive approach to increase the net investment in housing in urban areas while building mixed-income communities and encouraging diversity of homeownership (HCP-NRI). In addition, the Agency is continuing its mixed use facility financing in commercial corridors of this Commonwealth (HCP-MUFFI).
To date, approved proposals for funding under each of these initiatives have combined HCP funds with many various municipal, State and Federal program funding, as well as private moneys and commercial development activities.
This year, the Agency has three separate, but related, Requests for Proposals (RFPs) inviting applications for HCP. All HCP proposals must be based upon the requirements set forth in the specific RFP for HCP-HCI, HCP-NRI or HCP-MUFFI. Note that the criteria for each of the programs has been slightly changed from last year's RFP. All RFPs include specific instructions for applicants, outline the goals of the various initiatives and provide specific timelines for program submissions. The complete RFPs are available on Agency's website at www.phfa.org.
At least one member of the principal sponsor of each HCP application must attend an informational seminar at the offices of the Agency at 211 N. Front Street, Harrisburg, PA. Any proposed application which is not represented at one of the preapplication seminars will be rejected. The seminars will be held on May 26, 2005, June 7, 2005, and June 15, 2005, as follows:
HCP-MUFFI 1 p.m.--3 p.m. HCP-HCI 9:30 a.m.--11:30 a.m. HCP-NRI 9:30 a.m.--11:30 a.m. BRIAN A. HUDSON, Sr.,
Executive Director[Pa.B. Doc. No. 05-574. Filed for public inspection March 25, 2005, 9:00 a.m.]
