LHOP is pleased to announce two new investors in our affordable housing loan fund, the Local Housing Investment Fund & Trust (LHIFT) of South Central PA: York Traditions Bank and the S. Dale High Family Foundation. Both organizations are committed to the concept that having quality affordable housing in the region is essential to the well-being of families and to our economy.
York Traditions Bank invested $100,000. “York Traditions is appreciative of LHOP’s unique work in the region to address the need for more affordable housing,” stated Keith Sheffer, Director of Loan Operations for York Traditions Bank. “We are particularly excited by this new approach to involve the private sector in helping to both create housing opportunities and revitalize our neighborhoods on an ongoing basis,” he added.
The S. Dale High Family Foundation invested $50,000. “The S. Dale High Family Foundation is delighted to work with LHOP,” stated Foundation Executive Director Robin Stauffer. “Affordable housing is a priority focus of the Foundation, and LHOP has found a new and innovative approach that perfectly aligns with our goals.”
The need for more decent affordable housing throughout the region has been well documented and publicized recently. To help address this need, LHIFT of South Central PA was developed, which draws upon and then injects private investment capital into affordable housing or mixed use projects. LHIFT provides flexible, low interest loans in Adams, Cumberland, Dauphin, Franklin, Lancaster, Lebanon, Perry and York counties
.We at LHOP are extremely grateful to have the support of York Traditions Bank and the S. Dale High Family Foundation in helping to address the need for decent affordable housing. Their investment in the community in this manner will be used to help create new affordable home ownership and rental opportunities or to rehabilitate existing dilapidated housing into decent affordable housing for hard working families, retirees and others.