Funding priority will be given to proposals from third-class cities
HARRISBURG, Pa., Aug. 31, 2026 /PRNewswire/ — The Pennsylvania Housing Finance Agency today is issuing a Request for Proposals for the new construction, or rehabilitation, of mixed-use development projects seeking financial support. Funding will be provided through the Community Revitalization Fund Program.
Mixed-use projects combine residential and retail/commercial space in the same building and often serve as a catalyst for neighborhood revitalization. The deadline for proposal submission is 2 p.m., Friday, Oct. 30, 2026.
“The Community Revitalization Fund Program provides a much-needed boost to aid community development across Pennsylvania,” said PHFA Executive Director and CEO Robin Wiessmann. “These investments help move forward projects that attract additional investment.”
This funding program was created as part of the commonwealth’s fiscal year 2017/18 budget, and PHFA was designated by the General Assembly to administer it. This year, PHFA is authorized to sell $4.5 million of state tax credits and use the proceeds to make grant awards for the development of mixed-use properties in commercial/retail corridors in Pennsylvania that are undergoing revitalization.
Examples of projects eligible for funding include:
- The rehabilitation of older or under-utilized buildings for immediate re-use to support community development goals;
- Preparing commercial build-out and business lease space;
- The design of, and structural and legal conversion of, existing buildings; and
- The provision of additional units of housing by combining uses in a single, newly constructed or renovated building.
Eligible applicants for this funding include units of local government (counties, cities, boroughs, etc.); redevelopment authorities; for-profit firms; non-profit groups; and economic development organizations. Applications from third-class cities will be given higher priority in this year’s proposal evaluations.
The RFP is located at https://www.phfa.org/mhp/developers/loans.aspx. The application is accessible at https://crfp.phfa.org.
Questions may be directed to PHFA’s Shelby Hartwick at shartwick@phfa.org.
About PHFA
The Pennsylvania Housing Finance Agency works to provide affordable homeownership and rental housing options for older adults, low- and moderate-income families, and people with special housing needs. Through its carefully managed mortgage programs and investments in multifamily housing developments, PHFA also promotes economic development across the state. Since its creation by the legislature in 1972, it has generated more than $21.6 billion of funding for more than 213,110 single-family home mortgage loans, helped fund the construction of more than 113,200 rental units, distributed approximately $453 million to support local housing initiatives, and saved the homes of more than 51,000 families from foreclosure. PHFA programs and operations are funded primarily by the sale of securities and from fees paid by program users, not by public tax dollars. The agency is governed by a 14-member board.
Media Contact: Chris Anderson
canderson@phfa.org
717-780-3915
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SOURCE Pennsylvania Housing Finance Agency
