Housing

SB 815 adds an exclusion to Pennsylvania’s state real estate transfer tax for first-time home buyers purchasing single-family residences. It directly affects individuals who have never owned a single-family home (including mobile homes or condos) in Pennsylvania or another state and will reside in the property. The bill defines "first-time home buyer" as someone living in Pennsylvania, domiciled in the home, and without prior ownership of similar properties. This exclusion applies only to the state tax, not local real estate transfer taxes, and takes effect 60 days after enactment. The bill is currently pending in committee.

SB 62 establishes a new $10 million Redevelopment Authority Startup Fund within Pennsylvania's state treasury, funded by a $10 million transfer from the General Fund. It creates a loan program allowing qualified local redevelopment authorities in smaller counties (non-first/second class) to receive startup loans of up to $500,000 at 2% interest, repayable over 10 years. These loans can be used exclusively for purchasing, redeveloping, or remediating residential or commercial properties, but not for operating expenses or debt refinancing. The program aims to support economic development in underserved communities by providing low-cost capital through a revolving fund that replenishes with repayments.

HB 734 amends Pennsylvania's 1951 Landlord and Tenant Act to update landlord responsibilities in tenement and multiple-dwelling buildings. It specifically adds new requirements for landlords when relocating tenants, such as providing relocation assistance during building repairs or renovations. The bill directly affects landlords in older apartment buildings and tenants who may need to move due to property improvements or maintenance. These changes clarify and strengthen existing protections for renters in multi-unit housing.