This bill amends Pennsylvania's tax laws to increase the maximum annual historic preservation tax credit available to a single property owner from $500,000 to $1,500,000. The change directly affects qualified taxpayers who restore or rehabilitate historic buildings, allowing them to claim a larger tax credit against their state taxes. The Department of Community and Economic Development is responsible for reviewing and approving these credit certificates under the new limit. The legislation takes effect 60 days after it is signed into law.
SB 876 establishes Pennsylvania's Home Preservation Grant Program, which provides funding to local governments (counties, cities, townships) to rehabilitate existing owner-occupied housing. The program requires grants to address habitability, improve energy/water efficiency, or increase accessibility for units owned by households earning no more than 120% of the area median income. Grants cannot exceed $50,000 per unit and may cover up to 10% of funds for administrative costs. Local governments must apply with detailed plans showing how funds will meet these requirements, with applications reviewed by the Department of Community and Economic Development.
SB 673 establishes a public tracking system for housing in Pennsylvania that receives government financial assistance. It requires the Pennsylvania Housing Finance Agency (PHFA) to create and maintain a publicly accessible, searchable online database. This database will include property addresses, anticipated termination dates for affordability restrictions, and information on potential extensions. PHFA must also submit annual reports to the Governor and General Assembly detailing properties with expiring affordability restrictions.
HB 1650 establishes Pennsylvania's Home Preservation Grant Program, administered by the Department of Community and Economic Development. It provides grants to local governments (counties, cities, townships) to fund repairs and improvements on existing owner-occupied homes, targeting households earning 80-120% of the area median income. Grants can cover up to $50,000 per unit for habitability fixes, energy/water efficiency upgrades, or accessibility modifications, with local governments allowed to use up to 10% of funds for administration. Applications must demonstrate experience in housing rehabilitation and include plans for using funds per the bill's requirements, with priority given to projects leveraging additional funding sources.
HB 1664 establishes a state grant program and a dedicated fund to provide financial assistance for renovating or redeveloping older buildings. The Older Building Redevelopment Assistance Grant Program would offer grants to property owners and developers to update aging commercial or residential structures, with funding sourced from the newly created Older Building Redevelopment Fund. This bill directly affects owners of older buildings seeking to redevelop properties that may lack modern infrastructure. The program aims to support local revitalization efforts through state-funded grants, though the bill remains pending after being laid on the table.
HB 1094 creates a new tax credit for homeowners who rehabilitate historic properties in economically distressed areas of Pennsylvania. It directly affects homeowners who own and occupy as their primary residence certified historic properties located in designated "qualified census tracts" (areas at or below state median income or qualified opportunity zones). The credit covers qualified rehabilitation costs like structural repairs and exterior work, excluding property acquisition, interior improvements, or building expansions. The Pennsylvania Historical and Museum Commission and Department of Community and Economic Development will administer the program and manage a dedicated fund to support the credit.
