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.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.