PHFA is the Commonwealth of PA's leading provider of capital for affordable homes and apartments. Created to help enhance the quality and supply of affordable homes and apartments for older adults, persons of modest means, and persons with disabilities.
The Pennsylvania Housing Finance Agency offers home purchase loans with competitive interest rates and lower fees that carry a fixed interest rate for 30 years. PHFA has assisted families and individuals achieve the American dream of homeownership by providing funding. Through its carefully managed mortgage programs and investments in multifamily housing developments, PHFA also promotes economic development across the state.
In addition to its major programs, the Agency conducts housing studies, promotes counseling and education for renters and homebuyers, encourages supportive services at apartments it has financed, administers rent subsidy contracts for the federal government, and acts as an advocate to promote the benefits of decent, affordable shelter for those who need it most.
PHFA programs and operations are funded primarily by the sale of securities, not by public tax dollars. PHFA is governed by a 14-member board.
