The Pennsylvania Home Preservation Act establishes the Pennsylvania Home Preservation Grant Program, which is designed to provide grants to local governments for the purpose of improving existing housing stock within the Commonwealth. The program will be administered by the Department of Community and Economic Development, which will maintain a publicly accessible list of applicants and subgrantees. Eligible applicants include local governments with experience in creating or implementing housing restoration programs, and they may use up to 10% of the grant for administrative expenses. The act outlines specific requirements for the use of grant funds, including a cap of $50,000 per unit for expenditures aimed at addressing habitability concerns, improving energy or water efficiency, and making units accessible for individuals.

The bill also stipulates that grant awards will be competitive and based on demonstrated need, with a requirement that counties must have encumbered 75% of their available funds from the Whole-Home Repairs Program to qualify for funding. The Department will prioritize applications that secure additional non-State funding and demonstrate coordination with existing home repair programs. The act will take effect 30 days after its passage.