PHFA Looking to Build Low Income Housing in Marcellus Region

The Pennsylvania Housing Finance Agency (PHFA) plans to use some of the $5 million they’re getting from the Marcellus Shale impact fee to fix up or build new low income housing projects in areas where there is Marcellus Shale drilling activity. The premise is that because of drilling, either people from outside of the area–or Pennsylvanians themselves–have snapped up apartments and houses in active drilling areas, driving up housing prices to the point that poor folks just can’t afford it anymore. The PHFA answer is to build or renovate housing projects and make them available to low income families/individuals…

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