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In an op-ed recently published by The Philadelphia Inquirer, Phyllis Chamberlain, the executive director of the Housing Alliance of Pennsylvania, wrote about the impact of the LIHTC program nationally and in Pennsylvania. According to Chamberlain, each year, the Pennsylvania Housing Finance Agency (PHFA) distributes nearly $30 million in LIHTCs. As a result, the tax credits have consistently led to almost $300 million of new investment in housing, enabling developers to create or rehabilitate more than 84,000 affordable places to live for more than 200,000 Pennsylvanians.
