SB 673 — An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in fiscal supplements to statutory programs, establishing a tracking system for publicly financed housing.

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
 1   Amending the act of April 9, 1929 (P.L.343, No.176), entitled
 2      "An act relating to the finances of the State government;
 3      providing for cancer control, prevention and research, for
 4      ambulatory surgical center data collection, for the Joint
 5      Underwriting Association, for entertainment business
 6      financial management firms, for private dam financial
 7      assurance and for reinstatement of item vetoes; providing for
 8      the settlement, assessment, collection, and lien of taxes,
 9      bonus, and all other accounts due the Commonwealth, the
10      collection and recovery of fees and other money or property
11      due or belonging to the Commonwealth, or any agency thereof,
12      including escheated property and the proceeds of its sale,
13      the custody and disbursement or other disposition of funds
14      and securities belonging to or in the possession of the
15      Commonwealth, and the settlement of claims against the
16      Commonwealth, the resettlement of accounts and appeals to the
17      courts, refunds of moneys erroneously paid to the
18      Commonwealth, auditing the accounts of the Commonwealth and
19      all agencies thereof, of all public officers collecting
20      moneys payable to the Commonwealth, or any agency thereof,
21      and all receipts of appropriations from the Commonwealth,
22      authorizing the Commonwealth to issue tax anticipation notes
23      to defray current expenses, implementing the provisions of
24      section 7(a) of Article VIII of the Constitution of
25      Pennsylvania authorizing and restricting the incurring of
26      certain debt and imposing penalties; affecting every
27      department, board, commission, and officer of the State
28      government, every political subdivision of the State, and
29      certain officers of such subdivisions, every person,
30      association, and corporation required to pay, assess, or
31      collect taxes, or to make returns or reports under the laws
32      imposing taxes for State purposes, or to pay license fees or
33      other moneys to the Commonwealth, or any agency thereof,
 1      every State depository and every debtor or creditor of the
 2      Commonwealth," in fiscal supplements to statutory programs,
 3      establishing a tracking system for publicly financed housing.
 4      The General Assembly of the Commonwealth of Pennsylvania
 5   hereby enacts as follows:
 6      Section 1.    Article LXXX of the act of April 9, 1929
 7   (P.L.343, No.176), known as The Fiscal Code, is amended by
 8   adding a subarticle to read:
 9                                SUBARTICLE F
10                                  HOUSING
11   Section 8051.    Tracking system for publicly financed housing.
12      (a)   Establishment.--Within one year of the effective date of
13   this subsection, the agency shall post to its publicly
14   accessible Internet website a searchable database of all
15   publicly financed housing subject to one or more public
16   assistance programs administered by the agency. To the extent
17   available and permitted by Federal law or regulation, the
18   database shall include all of the following:
19            (1)   The address of the property.
20            (2)   The anticipated date on which the affordability
21      restrictions affecting the property may terminate. In the
22      event that a property is subject to multiple affordability
23      restrictions under one or more public assistance programs,
24      the anticipated termination date for each affordability
25      restriction shall be included.
26            (3)   Information as to whether the public assistance
27      program or programs affecting the property allow the owner to
28      elect to keep the property in the program or programs after
29      the anticipated termination date of affordability
30      restrictions relating to the program or programs.
31            (4)   Information regarding whether the property has been


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 1      granted an extension or modification of the affordability
 2      restrictions affecting the property and the new anticipated
 3      termination date of the affordability restrictions resulting
 4      from the extension or modification.
 5            (5)   Any other information that the agency deems
 6      relevant.
 7      (b)   Maintenance.--The agency shall maintain the database
 8   required under subsection (a) and update the contents, including
 9   any updates provided by a local housing agency under subsection
10   (d), no later than December 31, 2026, and each December 31
11   thereafter.
12      (c)   Reports.--By December 31 in each year following the
13   implementation of the tracking system established under
14   subsection (a), the agency shall submit the following reports to
15   the Governor and the General Assembly:
16            (1)   For each publicly financed housing property that has
17      or shall terminate in or before the end of the calendar year
18      in which the report is due, the aggregate number of the
19      terminated or terminating properties in this Commonwealth.
20            (2)   For each publicly financed housing property that is
21      anticipated to terminate in or before the end of the first
22      calendar year commencing after the due date of the report,
23      the aggregate number of the terminating properties in this
24      Commonwealth.
25            (3)   For each publicly financed housing property that is
26      anticipated to terminate in or before the end of the second
27      calendar year commencing after the due date of the report,
28      the aggregate number of the terminating properties in this
29      Commonwealth.
30            (4)   Any other information that the agency deems

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 1      relevant.
 2      (d)   Delivery.--To the extent permitted by Federal, State or
 3   local law or regulation, a local housing agency may deliver to
 4   the agency all of the information required under subsection (a)
 5   with respect to each property owned or operated by the local
 6   housing agency. Following the implementation of the tracking
 7   system under subsection (a), a local housing agency that elects
 8   to deliver the information described in this subsection shall
 9   deliver the information to the agency no later than November 30,
10   2026, and each November 30 thereafter. The agency shall
11   incorporate all information delivered under this subsection in
12   the publicly accessible database required under subsection (a)
13   and in all reports required under subsection (c).
14      (e)   Appropriation.--The General Assembly may appropriate
15   sufficient funds to the agency for the development and
16   maintenance of the database required under this section.
17      (f)   Definitions.--As used in this section, the following
18   words and phrases shall have the meanings given to them in this
19   subsection unless the context clearly indicates otherwise:
20      "Affordability restriction."    A limit on rent that an owner
21   may charge for occupancy of a rental unit in a publicly financed
22   housing development or a limit on tenant income for persons or
23   families seeking to qualify for admission to a publicly financed
24   housing development.
25      "Agency."   The Pennsylvania Housing Finance Agency.
26      "Local housing agency."   An entity created and organized for
27   the purpose of owning, operating, financing or administering one
28   or more publicly financed housing projects.
29      "Owner."    A natural person, firm, partnership, corporation,
30   trust, organization, limited liability company or other entity,

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 1   or its successors or assigns, that holds title to publicly
 2   financed housing.
 3      "Publicly financed housing."    A housing unit or development
 4   that receives government assistance under any of the following
 5   programs:
 6          (1)    42 U.S.C. Ch. 8 Subch. I (relating to general
 7      program of assisted housing), as it applies to new
 8      construction, substantial rehabilitation, moderate
 9      rehabilitation, property disposition and loan management set-
10      aside programs or any other program providing project-based
11      rental assistance.
12          (2)    The Federal Low Income Housing Tax Credit Program
13      provided under 26 U.S.C. § 42 (relating to low-income housing
14      credit).
15          (3)    12 U.S.C. § 1701s (relating to rent supplement
16      payments for qualified lower income families), as it applies
17      to programs for rent supplement assistance thereunder.
18          (4)    12 U.S.C. Ch. 13 (relating to national housing).
19          (5)    The below-market interest rate program under 12
20      U.S.C. § 1715l(d)(3) (relating to housing for moderate income
21      and displaced families).
22          (6)    12 U.S.C. § 1715l(d)(4), to the extent the project's
23      rents are restricted under a government agreement.
24          (7)    12 U.S.C. § 1715z-1 (relating to rental and
25      cooperative housing for lower income families).
26          (8)    42 U.S.C. § 1441 et seq. (Housing Act of 1949).
27          (9)    42 U.S.C. § 1490a (relating to loans to provide
28      occupant owned, rental, and cooperative housing for low and
29      moderate income, elderly or handicapped persons or families).
30          (10)    The Urban Development Action Grant provided under

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 1      42 U.S.C. § 5318 (relating to urban development action
 2      grants), to the extent that the affordability of dwelling
 3      units subject to the program are restricted under a
 4      government agreement.
 5          (11)     The Housing Development Action grant provided under
 6      42 U.S.C. Ch. 8 Subch. I, to the extent the project's rents
 7      are restricted under a government agreement.
 8          (12)     The Pennsylvania Housing Tax Credit provided under
 9      Article XIX-G of the act of March 4, 1971 (P.L.6, No.2),
10      known as the Tax Reform Code of 1971.
11      "Tenant."    A person entitled to possession or occupancy of a
12   rental unit in publicly financed housing, including a subtenant,
13   lessee or sublessee.
14      "Termination."    The cessation, discharge or removal of an
15   affordability restriction affecting publicly financed housing in
16   the absence of a simultaneous replacement of that restriction
17   with an equivalent affordability restriction, including:
18          (1)     Nonrenewal or termination, in whole or in part, of a
19      government program contract.
20          (2)     The expiration, in whole or in part, of an
21      affordability restriction under a government program or the
22      requirement to renew the restriction.
23          (3)     Payment in full of a government program mortgage
24      loan.
25          (4)     Prepayment of a government program mortgage loan.
26      Section 2.    This act shall take effect immediately.




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