The Pennsylvania Home Preservation Act establishes the Pennsylvania Home Preservation Grant Program within the Department of Community and Economic Development. This program aims to provide grants to local governments for the purpose of improving existing housing stock in the Commonwealth. Eligible applicants include local governments or combinations thereof that have experience in restoring or rehabilitating housing. The grants can be used for various purposes, including addressing habitability concerns, improving energy or water efficiency, and making units accessible for individuals. Each grant may not exceed $50,000 per unit owner, and applicants can allocate up to 10% of the grant for administrative expenses.

The bill outlines the application process, requiring local governments to submit detailed proposals that include geographic boundaries, intended use of funds, and evidence of prior experience in housing programs. The Department will review applications based on a competitive basis, with a stipulation that counties must have encumbered 75% of their available funds from the Whole-Home Repairs Program to qualify for funding. The act is set to take effect 30 days after its passage.