Pennsylvania 2025-2026 Regular Session

Pennsylvania Senate Bill SB673 Latest Draft

Bill / Introduced Version

                             
PRINTER'S NO. 680 
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL 
No.673 
Session of 
2025 
INTRODUCED BY HUGHES, SAVAL, KIM, SCHWANK, COMITTA, KEARNEY, 
TARTAGLIONE, COSTA, KANE, MILLER, STREET AND HAYWOOD, 
APRIL 28, 2025 
REFERRED TO URBAN AFFAIRS AND HOUSING, APRIL 28, 2025 
AN ACT
Amending the act of April 9, 1929 (P.L.343, No.176), entitled 
"An act relating to the finances of the State government; 
providing for cancer control, prevention and research, for 
ambulatory surgical center data collection , for the Joint 
Underwriting Association, for entertainment business 
financial management firms, for private dam financial 
assurance and for reinstatement of item vetoes; providing for 
the settlement, assessment, collection, and lien of taxes, 
bonus, and all other accounts due the Commonwealth, the 
collection and recovery of fees and other money or property 
due or belonging to the Commonwealth, or any agency thereof, 
including escheated property and the proceeds of its sale, 
the custody and disbursement or other disposition of funds 
and securities belonging to or in the possession of the 
Commonwealth, and the settlement of claims against the 
Commonwealth, the resettlement of accounts and appeals to the 
courts, refunds of moneys erroneously paid to the 
Commonwealth, auditing the accounts of the Commonwealth and 
all agencies thereof, of all public officers collecting 
moneys payable to the Commonwealth, or any agency thereof, 
and all receipts of appropriations from the Commonwealth, 
authorizing the Commonwealth to issue tax anticipation notes 
to defray current expenses, implementing the provisions of 
section 7(a) of Article VIII of the Constitution of 
Pennsylvania authorizing and restricting the incurring of 
certain debt and imposing penalties; affecting every 
department, board, commission, and officer of the State 
government, every political subdivision of the State, and 
certain officers of such subdivisions, every person, 
association, and corporation required to pay, assess, or 
collect taxes, or to make returns or reports under the laws 
imposing taxes for State purposes, or to pay license fees or 
other moneys to the Commonwealth, or any agency thereof, 
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33 every State depository and every debtor or creditor of the 
Commonwealth," in fiscal supplements to statutory programs, 
establishing a tracking system for publicly financed housing.
The General Assembly of the Commonwealth of Pennsylvania 
hereby enacts as follows:
Section 1.  Article LXXX of the act of April 9, 1929 
(P.L.343, No.176), known as The Fiscal Code, is amended by 
adding a subarticle to read:
SUBARTICLE F
HOUSING
Section 8051.  Tracking system for publicly financed housing.
(a)  Establishment.--Within one year of the effective date of 
this subsection, the agency shall post to its publicly 
accessible Internet website a searchable database of all 
publicly financed housing subject to one or more public 
assistance programs administered by the agency. To the extent 
available and permitted by Federal law or regulation, the 
database shall include all of the following:
(1)  The address of the property.
(2)  The anticipated date on which the affordability 
restrictions affecting the property may terminate. In the 
event that a property is subject to multiple affordability 
restrictions under one or more public assistance programs, 
the anticipated termination date for each affordability 
restriction shall be included.
(3)  Information as to whether the public assistance 
program or programs affecting the property allow the owner to 
elect to keep the property in the program or programs after 
the anticipated termination date of affordability 
restrictions relating to the program or programs.
(4)  Information regarding whether the property has been 
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31 granted an extension or modification of the affordability 
restrictions affecting the property and the new anticipated 
termination date of the affordability restrictions resulting 
from the extension or modification.
(5)  Any other information that the agency deems 
relevant.
(b)  Maintenance.--The agency shall maintain the database 
required under subsection (a) and update the contents, including 
any updates provided by a local housing agency under subsection 
(d), no later than December 31, 2026, and each December 31 
thereafter.
(c)  Reports.--By December 31 in each year following the 
implementation of the tracking system established under 
subsection (a), the agency shall submit the following reports to 
the Governor and the General Assembly:
(1)  For each publicly financed housing property that has 
or shall terminate in or before the end of the calendar year 
in which the report is due, the aggregate number of the 
terminated or terminating properties in this Commonwealth.
(2)  For each publicly financed housing property that is 
anticipated to terminate in or before the end of the first 
calendar year commencing after the due date of the report, 
the aggregate number of the terminating properties in this 
Commonwealth.
(3)  For each publicly financed housing property that is 
anticipated to terminate in or before the end of the second 
calendar year commencing after the due date of the report, 
the aggregate number of the terminating properties in this 
Commonwealth.
(4)  Any other information that the agency deems 
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30 relevant.
(d)  Delivery.--To the extent permitted by Federal, State or 
local law or regulation, a local housing agency may deliver to 
the agency all of the information required under subsection (a) 
with respect to each property owned or operated by the local 
housing agency. Following the implementation of the tracking 
system under subsection (a), a local housing agency that elects 
to deliver the information described in this subsection shall 
deliver the information to the agency no later than November 30, 
2026, and each November 30 thereafter. The agency shall 
incorporate all information delivered under this subsection in 
the publicly accessible database required under subsection (a) 
and in all reports required under subsection (c).
(e)  Appropriation.--The General Assembly may appropriate 
sufficient funds to the agency for the development and 
maintenance of the database required under this section.
(f)  Definitions.--As used in this section, the following 
words and phrases shall have the meanings given to them in this 
subsection unless the context clearly indicates otherwise:
"Affordability restriction."  A limit on rent that an owner 
may charge for occupancy of a rental unit in a publicly financed 
housing development or a limit on tenant income for persons or 
families seeking to qualify for admission to a publicly financed 
housing development.
"Agency."  The Pennsylvania Housing Finance Agency.
"Local housing agency."  An entity created and organized for 
the purpose of owning, operating, financing or administering one 
or more publicly financed housing projects.
"Owner."  A natural person, firm, partnership, corporation, 
trust, organization, limited liability company or other entity, 
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30 or its successors or assigns, that holds title to publicly 
financed housing.
"Publicly financed housing."  A housing unit or development 
that receives government assistance under any of the following 
programs:
(1)  42 U.S.C. Ch. 8 Subch. I (relating to general 
program of assisted housing), as it applies to new 
construction, substantial rehabilitation, moderate 
rehabilitation, property disposition and loan management set-
aside programs or any other program providing project-based 
rental assistance.
(2)  The Federal Low Income Housing Tax Credit Program 
provided under 26 U.S.C. § 42 (relating to low-income housing 
credit).
(3)  12 U.S.C. § 1701s (relating to rent supplement 
payments for qualified lower income families), as it applies 
to programs for rent supplement assistance thereunder.
(4)  12 U.S.C. Ch. 13 (relating to national housing).
(5)  The below-market interest rate program under 12 
U.S.C. § 1715l(d)(3) (relating to housing for moderate income 
and displaced families).
(6)  12 U.S.C. § 1715l(d)(4), to the extent the project's 
rents are restricted under a government agreement.
(7)  12 U.S.C. § 1715z-1 (relating to rental and 
cooperative housing for lower income families).
(8)  42 U.S.C. § 1441 et seq. (Housing Act of 1949).
(9)  42 U.S.C. § 1490a (relating to loans to provide 
occupant owned, rental, and cooperative housing for low and 
moderate income, elderly or handicapped persons or families).
(10)  The Urban Development Action Grant provided under 
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30 42 U.S.C. § 5318 (relating to urban development action 
grants), to the extent that the affordability of dwelling 
units subject to the program are restricted under a 
government agreement.
(11)  The Housing Development Action grant provided under 
42 U.S.C. Ch. 8 Subch. I, to the extent the project's rents 
are restricted under a government agreement.
(12)  The Pennsylvania Housing Tax Credit provided under 
Article XIX-G of the act of March 4, 1971 (P.L.6, No.2), 
known as the Tax Reform Code of 1971.
"Tenant."  A person entitled to possession or occupancy of a 
rental unit in publicly financed housing, including a subtenant, 
lessee or sublessee.
"Termination."  The cessation, discharge or removal of an 
affordability restriction affecting publicly financed housing in 
the absence of a simultaneous replacement of that restriction 
with an equivalent affordability restriction, including:
(1)  Nonrenewal or termination, in whole or in part, of a 
government program contract.
(2)  The expiration, in whole or in part, of an 
affordability restriction under a government program or the 
requirement to renew the restriction.
(3)  Payment in full of a government program mortgage 
loan.
(4)  Prepayment of a government program mortgage loan.
Section 2.  This act shall take effect immediately.
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