HARRISBURG, PA – Developers looking to breathe new life into Pennsylvania communities have a fresh opportunity, as the Pennsylvania Housing Finance Agency (PHFA) is now accepting proposals for its Community Revitalization Fund Program (CRFP). This initiative aims to stimulate local economies by providing crucial funding for mixed-use development projects across the state.

The CRFP focuses on projects that combine residential units with commercial or community spaces, fostering vibrant, walkable neighborhoods. PHFA believes that these types of developments are key to creating thriving communities, offering residents convenient access to housing, jobs, and essential services. By encouraging a mix of uses within a single project, the program hopes to reduce reliance on cars, promote local businesses, and enhance the overall quality of life for Pennsylvanians.

While specific details of the current funding round are available on the PHFA website, the agency has emphasized its commitment to supporting projects that demonstrate a strong community impact and a clear vision for long-term sustainability. Eligible projects might include the redevelopment of underutilized buildings into apartments with ground-floor retail, the construction of new buildings with a mix of housing and office space, or the creation of community centers incorporating residential units.

The PHFA is particularly interested in proposals that address local housing needs, create jobs, and contribute to the revitalization of downtown areas or underserved neighborhoods. The agency encourages developers to partner with local governments, community organizations, and other stakeholders to ensure that projects are aligned with community priorities.

This new round of funding represents a significant investment in Pennsylvania's future. By supporting innovative mixed-use developments, the PHFA aims to create more livable, economically vibrant, and sustainable communities throughout the Commonwealth. Developers are urged to review the program guidelines and submit their proposals to take advantage of this valuable opportunity. Further information, including application deadlines and specific eligibility requirements, can be found on the Pennsylvania Housing Finance Agency's website.