Mercer County Affordable Housing Fund
PA Act 137
Mercer County Fund Overview
Program Guidelines Housing
Fund Board
PA Act 137
The
act allows the governing body of each county to increase the fees charged for
recording deeds and mortgages (by no more than 100%), said new revenue to be
used for affordable housing efforts in the county.
Affordable housing effort
– A program or project which increases the availability of quality
housing, sales or rental, to county residents with income below the county
median.
Click
here to view Act 137 (.pdf
file)
The program is optional.
Well over half of Pennsylvania’s counties have opted to create an
affordable housing fund.
Mercer County
Fund
Mercer County created an Act 137
affordable housing fund by ordinance on June 28, 2001.
The fund was created in response to the following findings:
-
Mercer County has affordable
housing needs: new homes
& rental housing for families & seniors, specialized housing,
shelters, and housing rehab.
-
Municipalities and
organizations involved in housing expressed interest in the trust fund and
beneficial projects that could result.
Mercer County’s base recording
fee is $30. From each fee payment
for recording of a deed or mortgage, $11.50 is allocated for the affordable
housing fund. Annual revenues
could average an estimated $150,000.
Mercer County Regional Planning
Commission is designated to administer the fund using a workable program that
includes:
-
Annual applications for
financial assistance from the trust fund,
-
Objective review &
ranking by the Mercer County Affordable Housing Fund Board, then
-
Project selection by the
County Commissioners.
For more information about the
fund contact the Mercer County Regional Planning Commission, 2491
Highland Road, Hermitage, PA, 16148, 724-981-2412, mail@mcrpc.com
Mercer
County Affordable Housing Fund Program Guidelines
(.pdf file)
Mercer
County Affordable Housing Fund Board
Mercer
County Affordable Housing Fund Board Members (.pdf file)
Mercer
County Affordable Housing Fund Board By-Laws (.pdf file)
Mercer
County Regional Planning Commission
2491 Highland Road, Hermitage, PA 16148
mail@mcrpc.com www.mcrpc.com
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