Housing Preservation Loan Program

Posted by Philadelphia Redevelopment Authority on January 12, 2018

PRA Invites Proposals for Financial Institutions to Carry Out the Origination and Servicing of Housing Preservation Loan Program (HPLP) Loans

The Philadelphia Redevelopment Authority (PRA) has issued a Request for Proposals for financial institutions to carry out the origination and servicing of loans, as part of the Housing Preservation Loan Program, a new initiative of PRA and the City of Philadelphia.

Submission Deadline

Respondents must submit proposals no later than January 26, 2018 at 3:00 PM; absolutely no proposals will be accepted after that time.

Prebid Meeting

A prebid meeting will be held at PRA’s offices (1234 Market Street, 16th Floor) at 10:00 AM on January 12, 2018. This meeting is not mandatory; however, all Respondents must either attend this meeting or express their intention to submit by the deadline specified below or their proposals will not be considered.

Expression of Interest

All Respondents wishing to submit a response to this RFP must either (i) attend the prebid meeting, or (ii) express their interest either in hard copy mail or email to Jane.Allen@pra.phila.gov by 3:00 PM on January 12, 2018.

Questions

All questions and requests for additional information should be directed in writing to Jane.Allen@pra.phila.gov. Questions will only be accepted until January 5, 2018 at 3:00 PM. Questions and/or requests for additional information and the PRA’s responses to them will be posted on the PRA website as public information.

Please click here for further information.