#USA #Harrisburg #community revitalization #Pennsylvania Housing #mixed-use funds

Pennsylvania Housing Finance Agency Launches Funding Initiative

The Pennsylvania Housing Finance Agency (PHFA) has announced the release of a Request for Proposals (RFP) aimed at supporting the construction or rehabilitation of mixed-use development projects across the state. This initiative prioritizes funding for efforts that integrate residential spaces with retail or commercial elements in a single location. The action aims to invigorate neighborhoods by creating vibrant community hubs.

The Importance of Mixed-Use Developments

Mixed-use developments blend living and working spaces, promoting convenience and stimulating local economies. By incorporating residential areas alongside commercial establishments, these projects can enhance community interaction and foster economic growth—essential in areas needing revitalization. Such projects not only address housing shortages but also create job opportunities and bolster local businesses.

Call for Proposals

The PHFA has set a deadline for proposals to be submitted by 2 p.m. on October 31, 2025. Interested parties can access the funding opportunity through the Community Revitalization Fund Program, established under Pennsylvania's fiscal year 2017/18 budget. This year, the agency can allocate $4.5 million in state tax credits from which to award grants.

PHFA Executive Director and CEO Robin Wiessmann emphasized the significance of this funding, stating, "Our goal with these investments is not only to provide critical funding but also to move forward the completion of projects that can boost community development. In smaller communities, the construction of a pivotal project can provide an economic spark or help attract additional investments."

Eligible Projects

Eligible projects for funding include the:

• - Rehabilitation of outdated properties for immediate community use,
• - Conversion of existing structures to commercial spaces,
• - Design and renovation of buildings to meet community needs,
• - Development of mixed-use buildings that enhance the housing supply.

The PHFA's financing targets local government units, redevelopment authorities, non-profit organizations, for-profit firms, and economic development bodies. Notably, proposals from third-class cities will receive priority consideration in this funding round.

Streamlined Application Process

The application process has been made more accessible through an entirely online submission system, eliminating paper-based applications. Interested applicants can find the RFP details on the PHFA website and submit their proposals through the Community Revitalization Fund portal.

Conclusion

With its focus on enhancing community infrastructure through the integration of residential and commercial spaces, the PHFA's funding initiative represents a crucial step toward revitalizing neighborhoods throughout Pennsylvania. By facilitating thorough projects with transformative potential, the PHFA aims not only to develop properties but also to foster thriving communities. This initiative reflects the agency's commitment to generating sustainable housing solutions and revitalizing local economies, ensuring a brighter future for Pennsylvania's communities.

For further details, applicants can reach out to Shelby Rexrode at PHFA via email.