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 4% LIHTC Project Gap Financing
NOTE: Revised RFP documents were added on August 3, 2026.
The Division of Housing and Community Development (DHCD) and the Philadelphia Housing Development Corporation (PHDC) are soliciting proposals to finance the production or preservation of affordable housing using the City’s H.O.M.E. Bond funds, the City’s Housing Trust Fund, federal HOME Investment Partnership Program funds, and other funding sources as designated by DHCD and PHDC.
This Request for Proposals (RFP) is intended to provide gap financing ONLY for Projects utilizing tax-exempt bond financing in connection with 4% Low-Income Housing Tax Credits (LIHTC) and does not apply to Projects seeking 9% LIHTC allocations.
Applications will be reviewed as they are received, and awards will be made on a rolling basis.
Please utilize the following documents to complete the application:
- DHCD 4% LIHTC RFP
- Exhibit A Project Description Guidelines
- Workbook 1 – DHCD 4% LIHTC RFP – Project
- Workbook 2 – DHCD 4% LIHTC RFP – Underwriting Template
Proposal Submission:
All proposals must be submitted on-line by clicking the Online Submission button below:
Questions:
Questions and comments about the RFP may be directed to DHCDRFPInquiry@phila.gov at any time. Answers to all questions will be posted periodically on this page.
Briefing Session:
Questions and comments may also be addressed during briefing sessions, which will be held periodically at 1234 Market Street, 17th Floor Boardroom, Philadelphia, PA 19107. You will need identification to enter the building. The first session will be held on August 6th, 2026, at 3:00pm. Details about future sessions will be communicated on this PHDC webpage as well as via email to those signed up to receive updates on RFPs. To sign up for email updates, visit the PHDC Stay Informed webpage, enter your information, and subscribe to the “Competitive Sales, RFPs, and RFQs” list. Applicants are strongly encouraged to attend a briefing session.
To view previous closed Funding Opportunities click here.
