Governor Rendell Says Thousands of Families Will Get Down Payment Help

Governor Rendell Says Thousands of Families Will Get Down Payment Help; Affordable Housing; 3,000 New Jobs with $380 Million in Recovery Funds
National Affordable-Housing Development Company Lauds State’s Leadership, Actions

Governor Edward G. Rendell today said 1,000 families will receive thousands of dollars to help make down payments on new homes, more than 5,000 families in dozens of communities across Pennsylvania will find affordable housing, and some 3,000 workers will have jobs with the award today of more than $380 million in federal economic recovery funds.

“This is great news for families who have been hit hard by the foreclosure crisis in Pennsylvania, as the investments we are announcing today will help provide affordable housing for tens of thousands of Pennsylvanians,” said Governor Rendell, who made the announcement at a former school in Steelton that will be converted into apartments. “This is clear evidence that President Obama’s stimulus bill and Congress’ efforts to address the impact of this housing emergency are making a real difference in Pennsylvania.

“It’s also a great day for families who need help coming up with a down payment for a new home. This creative, new program represents the spirit of partnership and innovation the President challenged us to employ when he signed the stimulus bill.”

There is more information as well as a list of projects that have been approved at this link.