State Rep. Pam Snyder, D-Jefferson, said the Pennsylvania Housing Finance Agency this week approved $750,000 in funding and $692,279 in tax credits to launch the Brownsville Senior Housing Project.
“The financing is crucial to the exciting renewal efforts under way in downtown Brownsville,” Snyder said. “It’s a red-letter day for the borough, whose future now appears exponentially brighter.”
The project, expected to begin this summer, features rehabilitation and new construction at 5 Market St. to include 24 affordable, senior housing apartments augmented by first-floor retail outlets and 17 parking spaces.
Snyder said the project meshes beautifully with the nearby Snowdon Square project to rehabilitate vacant lots along Market Street into a town square with stage for community events as well as Riverside Wharf Park improvements.
“Three historic, downtown buildings also are being restored by the Brownsville Area Revitalization Corporation, and the Brownsville Library is being expanded,” Snyder said. “The pace of renewal is quickening in Brownsville, providing tremendous encouragement for further improvements.”
The $750,000 PennHOMES funding from PHFA and federal accounts offers zero percent interest and deferred payments to support development of rental housing. The tax credits, administered by PHFA, also are used to stimulate construction of affordable housing.