RFP for 9% LIHTC Project Gap Financing.

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 Proposal (RFP) is intended to provide gap financing ONLY for Projects obtaining an allocation of 9% Low-Income Housing Tax Credits (LIHTC) and does not apply to Projects with a 4% LIHTC allocation.

Applications must be submitted by 5:00pm on December 2nd, 2026.

Please utilize the following documents to complete the application:

• DHCD 9% LIHTC RFP
• Exhibit A Project Description Guidelines
• Workbook 1 – DHCD 9% LIHTC RFP – Project Team Information
• Workbook 2 – DHCD 9% LIHTC RFP – Underwriting Template

 Proposal Submission:

All proposals must be submitted on-line by clicking Online Submission

Questions:

Questions and comments about the RFP must be submitted to DHCDRFPInquiry@phila.gov by Monday, October 26th at 5:00pm with the subject line “9% LIHTC RFP – Applicant Question”. Answers to all questions will be posted on the PHDC Funding Opportunities webpage.

Questions received after the deadline may not receive a response. Applicants are responsible for reviewing all posted questions and responses prior to submitting a proposal.

Briefing Session:

Applicants are strongly encouraged to attend the RFP briefing session, which will be held on Tuesday, October 27th at 1:00pm at 1234 Market Street, 17th Floor Boardroom, Philadelphia, PA 19107.

Please register for the briefing session by sending an email to DHCDRFPInquiry@phila.gov with the subject line “RSVP: 9% LIHTC Gap Financing Briefing Session.”

For more information, please visit: https://phdcphila.org/funding-opportunities/