Housing Boost from Gas Drillers

By Erika Mahoney

Housing Boost from Gas Drillers

December 29, 2012 Updated Dec 29, 2012 at 12:52 AM EDT

(WBNG Binghamton) Pennsylvania counties are getting another boost from natural gas industry impact fees.

This time the funds are coming from Pennsylvania Housing Finance Agency.

More than $9 million is being divided up between counties in the Marcellus Shale region and $1.2 million is going to Bradford County for low income and senior housing projects. This includes $275,000 for rental rehabilitation.

Another half million will go to the 400 Main Street project in Downtown Towanda.

According to our media partners at WENY-TV, that is where developers want to build a $20 million complex, which will include housing and retail space.

Bradford County has already received $8.4 million from the gas impact fee.

In Susquehanna County, $411,000 is earmarked for rental rehabilitation.