Affordable Rental Production and Preservation Housing Projects – Sep 24

Posted by City of Philadelphia on August 17, 2021

The Division of Housing and Community Development (DHCD) is soliciting proposals to finance the development and preservation of affordable rental units designed to serve low- and moderate-income households using funding from the Philadelphia Housing Trust Fund (HTF), federal HOME and Community Development Block Grant (CDBG) funds. This Request for Proposals (RFP) is designed to assist in providing gap financing for rental production and preservation projects that will seek Four Percent Low Income Housing Tax Credits (LIHTC) from the Pennsylvania Housing Finance Agency (PHFA). Gap financing for preservation projects not seeking Four Percent LIHTCs are also eligible under this RFP.

Briefing Session: A pre-submission Zoom conference (non-mandatory) will be held on August 17, 2021, at 1:00 pm to answer any questions regarding this RFP. Register here.

Click here for download of required documents.

Questions: Questions related to the RFP may be directed to Melissa Long, Director, at 215-686-9789, or to melissa.long@phila.gov. Questions must be submitted in writing by August 24, 2021. Answers to all questions received will be posted on the DHCD and PHDC websites by August 27, 2021.

Proposal Submission: Applications must be submitted online.

Proposal Submission Deadline: Proposals must be received no later than 4 p.m. on Friday, September 24, 2021. Proposals received after the deadline will not be accepted and will not be reviewed.