An Act providing for grants to subsidize home ownership; establishing the Pennsylvania Affordable Homeownership Subsidy Program; imposing duties on the Department of Community and Economic Development; submitting a report; and making an appropriation.

This bill creates the Pennsylvania Affordable Homeownership Subsidy Program to help middle-income families buy homes by providing financial grants. It targets households earning between 60% and 120% of the area median income and allows grants of up to $125,000 to nonprofit groups, government entities, or developers. The funding can be used for various purposes, including purchasing properties, offering homebuyer education, repairing homes, and managing assets to ensure long-term affordability. The Department of Community and Economic Development will oversee the program, set application rules, and submit annual reports to the legislature on how the funds are used.