Workforce Housing (WFH) Credit Enhancement is a tool to promote the development of middle-income housing in rapidly appreciating neighborhoods. To help developers advance these projects, PHDC offers partial loan guarantees on the project’s construction financing. This financing assistance is available for any workforce housing project built on land acquired through a public agency in Philadelphia, including land made available by PHDC through a request for proposal.
Workforce Housing Credit Enhancement Application:
This form contains a description of the Workforce Housing Program and a credit enhancement application for financial institutions and developers interested in participating.
The WFH Credit Enhancement has helped the City support nearly 150 homes affordable to middle-income families, including homes in the West Poplar neighborhood.