HARRISBURG, PA-The June agenda of the Pennsylvania Housing Finance Agencywas packed. In addition to providing in excess of $2.1 million in loans and taxcredits for multifamily housing in two counties, the agency approved $21million for rental housing tax credits in 2004 and promoted Brian A. HudsonSr. to chair the agency. Hudson, current deputy executive director and CFO of PHFA,will replace state banking secretary A. William Schenck III as chairman onJuly 1.

Construction of Queen’s Pointe, a rental complex on a 3.47-acre site betweenKing and Queen Streets in the borough of Northumberland and Point Township,will break ground with almost $1.5 million in PHFA funds along with $264,005in housing tax credits. The complex will contain 24 three- and four-bedroomunits in 12 two-story buildings.

PHFA also provided $420,000 in renovation funding to the Housing Association ofTyrone, PA, which owns Washington Terrace, a 22-unit, two-building rentalcomplex at 400 Washington Ave. in Tyrone. The affordable housing complex wasbuilt in 1971 and is in need of significant upgrading.

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