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Hearing: DCED proposes $50M housing preservation, $10M closing-cost pilot and planning support for local zoning

Pennsylvania House Appropriations Committee · February 18, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Secretary Seager told lawmakers the proposed budget includes a $50M housing stock preservation program expected to serve roughly 2,500 households annually, a $10M pilot for first-time homebuyer closing-cost assistance (with a likely $5,000 base award), and $1M for state planning support to help municipalities update codes and zoning.

Housing — both preservation and homeownership — was a recurring theme at the Appropriations hearing.

Secretary Seager described a new housing-stock-preservation concept ("housing stock reservation") focused on whole-home repairs and helping Pennsylvanians remain in their existing homes. He estimated the $50 million request could serve…

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