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HARRISBURG, PA-Loans and tax credits totaling more than $3.5 million are awarded by the Pennsylvania Housing Finance Agency for the construction of two multifamily properties. Funding comes from PHFA’s PennHOMES Multifamily Development program. On completion, the value of the properties will total $6.1 million.

Mathewson Park Apartments, a 15-unit, three-story building, will be developed on a half-acre at the corner of Depot and Maple streets in Factoryville, PA, in Wyoming County, just north of Philadelphia. PHFA awarded the project’s developer, Clarks Summit, PA-based Housing Opportunities Inc., $555,331 in funds $136,436 in tax credits.

Mathewson will be reserved for people aged 62 and older. The estimated size of the facility is 16,100 sf, including 1,600 sf of community space. Wilkes-Barre, PA-based Melone is architect, and Dunmore, PA-based Marpaul Co. is general contractor. The Wyoming County Housing Authority is the management agent.

PFHA also committed slightly more than $2.5 million in funds and $325,314 in tax credits for construction of Legacy Commons in Farrell in Mercer County in western PA. It is a 29-unit rental complex consisting of 12 two-story buildings located on 2.75 acres on Fruit, Wallis and Spearman streets. The complex will contain 17 two-bedroom and 12 three-bedroom units.

The sponsor is a limited partnership of three locally based developers and managers of rental properties: Pennrose Equities, Halliday Properties and Ralph A. Falbo Inc. The Pittsburgh-based firms of Perfido Weiskopf Architects and Lami Grubb Architects will handle design and architecture. Brookfield, OH-based Rien Construction Co. is general contractor.

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