Restore Repair Renew Contracts

Seeking Qualified Contractors!!!


A new loan program is looking for contractors.
Are you a good fit?

Contractor Requirements__________________________________

    • All contractors must have a current Philadelphia
      Contractor’s License or Registration with the
      Pennsylvania Attorney General’s Office and a
      Commercial Activity License;
    • No outstanding public liens, judgments, or taxes
      owed to the City;
    • Provide at least two (2) positive customer
      references.

Payment Terms______________________________________

  • Contractor(s) may seek an advance for up to 30%
    of contracted work, with the balance due upon
    completion of all work on the unit and the final
    inspection is performed.
  • Lender will cut separate checks, for up to three
    (3) contractors.
  • Maximum repair contract amount, including
    contingency, is $24,999.

Being listed as a pre-qualified contractor does not guarantee that a homeowner will select your company to perform repairs. If your company is selected to perform work, you will need to provide your Philadelphia Contractor’s License Number or PA Attorney General’s Office Registration Number and proof of necessary insurance prior to loan closing.

Restore, Repair, Renew is a new program designed to help homeowners access affordable home repair loans ranging from $2,500 to $24,999 to improve their properties. Three non-profits have been selected to provide technical assistance to homeowners, which includes sharing a list of pre-approved contractors with homeowners. If you are interested in being included on the contractor list, please complete the survey at https://cutt.ly/lO93uo (please note, this link is case sensitive). Or reach out to one of the non-profits selected to implement the program:

This program and the criteria and conditions thereof may be subject to future modification. The definitive terms and conditions of any loan offered under the program will be set forth in fully executed loan documents. Unless and until such loan documents are fully executed, there shall be no contractual obligation for the lender(s) to provide any loan nor shall there be any liability whatsoever between and among the Philadelphia Redevelopment Authority, the lender(s) and any homeowner seeking a loan under the program.