The Philadelphia Division of Housing and Community Development (DHCD) is soliciting proposals to finance the development of rental and special needs units designed to serve low- and moderate-income households using funding from the Philadelphia Housing Trust Fund (HTF), Neighborhood Preservation Initiative (NPI), federal HOME and Community Development Block Grant (CDBG) funds.
This Request for Proposals (RFP) is designed to assist in providing gap financing for rental projects that will seek Low Income Housing Tax Credits (LIHTC) from the Pennsylvania Housing Finance Agency (PHFA). PHFA’s deadline to submit full LIHTC applications is February 11, 2025 by 3:00 pm.
Visit the Funding Opportunities page here for more RFP information.
Briefing Session
A pre-submission in-person Briefing Session will be held to answer any questions regarding this RFP. Interested parties are urged to attend this conference. You can register by emailing here.
The Briefing Session will be held on Monday, November 18, 2024 at 2 pm at:
1234 Market St.
17th Floor Boardroom
Philadelphia, PA 19107
You will be required to show ID at the Security Desk to access the building.
Proposal Submission
Proposals must be in the format described above and must be received no later than midnight on Monday, December 16, 2024.
Questions related to the RFP may be directed to Mirta Duprey, at 215-686-9770 or by email. Questions must be submitted in writing by Friday, November 22, 2024. Answers to all questions received will be posted on the DHCD and PHDC websites by Wednesday, November 27, 2024.
Proposals received after the deadline will not be accepted and will not be reviewed. The City assumes no liability for costs incurred in proposal preparation. The City reserves the right to accept or reject proposals or to seek additional information from any applicant. The City is under no obligation to award all available funds through this RFP and reserves the right to reallocate funds between funding categories.
