Bill Information

An Act amending the act of December 3, 1959 (P. L. 1688, No. 621), known as the "Housing Finance Agency Law," changing the name of the agency; establishing the Pennsylvania Housing Council and providing for its powers and duties; establishing the Bureau of Housing within the agency and providing for its powers and duties; providing for loans for mobile homes; providing for additional programs to insure mortgage loans; authorizing the provision of grants and subsidies; authorizing the formation of corporations to carry out the purposes set forth in the act; authorizing the incurrence of additional indebtedness to provide funding for the agency to assist certain persons to obtain affordable housing; creating programs to provide loans and grants to renovate blighted buildings, to convert obsolete buildings, to build infill housing, to build low-cost rental housing and to modernize public housing; providing for the use of a portion of the realty transfer tax to fund the programs; and making appropriations.