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An investment in affordable homes is a win-win-win for the Commonwealth: it provides stable homes and communities for our most vulnerable citizens, creates good jobs and costs very little. Every dollar invested in making more affordable homes available turns into $1.62 - $2.28 in economic activity. Despite this, PA housing programs have been cut again!
Earlier this week, Gov. Corbett imposed a freeze on state spending, or more specifically a cut of $160 million in the current year’s budget. While this represents 0.8% of the total budget, housing programs took hits of 5% and 10%. This is on top of severe cuts the programs saw from last year.
| Program | 2010-11 | 2011-12 | 2012 Freeze | % Reduction |
|---|---|---|---|---|
| Housing and Redevelopment Assistance* | $17.8M | |||
| New Communities* | $9M | |||
| Accessible Housing* | $1M | |||
| Keystone Communities* | $12M | $10.8M | -10% | |
| Homeless Assistance | $22.8M | $20.5M | $19.5M | -5% |
| Legal Aid to Help People Keep Their Homes | $3M | $2.7M | $2.5M | -10% |
| Homeowners Emergency Mortgage Assistance | $10.5M | $2M | $2M | |
| Human Service Development Fund | $23.5M | $15M | $14.2M | -5% |
*Housing and Redevelopment Assistance, New Communities and Accessible Housing are now included under one line item - Keystone Communities.
If you are concerned about this, click HERE to make your voice heard.
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