HARRISBURG, PA—The Pennsylvania Housing Finance Agency issued a Request for Proposals earlier this week for the construction of new or rehabilitated mixed-use projects seeking financial support from the agency.
The deadline for proposal submission is 2 p.m. on Oct. 18. Funding for the selected projects will be provided through the Community Revitalization Fund Program, which was created as part of the Commonwealth's fiscal year 2017/18 budget. PHFA was designated by the General Assembly to administer the program.
This year's approved state budget authorized PHFA to sell $3 million of state tax credits and use the proceeds to make awards for the development of mixed-use properties in commercial/retail corridors in Pennsylvania that are undergoing revitalization.
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