Audit: Bills never sent for some affordable housing loan recipients

(The Center Square) – A decades-old loan program for affordable housing developers comes with little documentation to track the taxpayer funding it gives out.

That means at least 24 loans given between 2022 and 2024 have not yet been billed for repayment, while it was unclear if the applicants behind some of the projects even had the money to do so.

The information was revealed in an audit of the Pennsylvania Housing Financing Agency’s PennHOMES program, which receives most of its funding from the federal government. It was the first time since the 1980s that the agency underwent any kind of financial review, despite loaning out $25.9 million in two years alone to developers that agreed to build and lease homes for low-income and disabled tenants.

State Rep. Kristin Marcell, R-Richboro, who championed the state audit, said it confirmed what...