PHFA Opens $4.5 Million Bidding Round for Mixed-Use Development Tax Credits

What happened: The Pennsylvania Housing Finance Agency opened competitive bidding for $4.5 million in mixed-use development tax credits. Proceeds fund community revitalization projects statewide. Eligible bidders include businesses, nonprofits, and individuals, who can use the credits to offset PA state tax liability. 

Why it matters for Pennsylvania nonprofits: This is a direct, actionable opportunity — nonprofits can bid on these credits themselves. 

Where things stand: Bids due 2 p.m., July 24. Awards expected within 90 days; credits are usable in 2027 against 2026 tax liabilities.