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News Release: 7/12/2019

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July 12, 2019
Builders and Developers Win Legislative Victory for Affordable Housing - Act 53 of 2019 (HB 751)

This is a fantastic victory thanks to the efforts of the Pennsylvania Builders Association (PBA).
Act 53 provides significant savings for developers, home builders, and home buyers. The "no gross up" method in this bill requires utilities to finance tax and get reimbursed over the life of the depreciating CIAC asset - eliminating the need for developers to fund the tax obligation up front.

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julie hamnett, 2156571300