At times PHDC will promote funding opportunities. When we do, we’ll issue a Request for Proposals (RFPs) or Qualifications (RFQs).
Current Funding Opportunities
RFP for Acquisition of Rental Housing Developments, August 2023
NOTE: The Submission deadline has been extended to Midnight of October 19, 2023
Note: Questions anad Answer posted (see below)
The Division of Housing and Community Development (DHCD) is soliciting proposals to finance the acquisition of rental housing developments to increase housing opportunities that will remain affordable for occupants with incomes below 60% of Area Median Income (AMI) for 42 years.
City funding will be limited to $50,000 per affordable unit, with a $5,000,000 maximum and funding is limited to acquisition costs. There is no funding available for rehabilitation or capital repairs.  Please note that DHCD will determine the funding source to be utilized for each project that is selected under this RFP. Proposals received in response to this RFP will be reviewed by an interagency group comprised of representatives of DHCD and PHDC.
Please download all of the following documents:
- RFP-for-Acquisition of Rental Housing Developments-August 2023
- Exhibit-A-Project Acquisition Summary-Form
- Exhibit-B-Operating-Proforma-Acquisition RFP August 2023
Briefing Session
A pre-submission Zoom conference (non-mandatory) will be held on Wednesday August 30, 2023 at 1 pm to answer any questions regarding this RFP. Interested parties are urged to attend this conference. If you are interested in attending this virtual briefing you can register at:
https://us02web.zoom.us/meeting/register/tZUvdOmhqj4tG9BAjhVRzNoxkXHNj9Lo3jH2Â After registering, you will receive a confirmation email containing information about joining the meeting.
Questions
Questions related to the RFP may be directed to Mirta Duprey, at 215-686-9770, or to mirta.duprey@phila.gov. Questions must be submitted in writing by Wednesday, September 6, 2023.
Proposal Submission Deadline EXTENDED
Proposals must now be received no later than Midnight of October 19, 2023. Proposals received after the deadline will not be accepted and will not be reviewed.
Applications must be submitted on-line by clicking the Online Submission button located below.
To view previous closed Funding Opportunities click here.