The Philadelphia Redevelopment Authority (PRA) is the City’s implementation arm for community development, and partner agency with the Department of Planning & Development. Established in 1945, PRA has a rich history and involvement with many of the city’s major redevelopment projects. Today, PRA focuses on investing in equitable communities and building public-private partnerships to promote social impact.
RFP Small Landlord Loan Program (SLLP)
PRA is pleased to issue this RFP for financial institutions to carry out the origination and servicing of loans as part of the Small Landlord Loan Program (“SLLP”).
Deadline: June 17, 2019 by 3pm EST
RFP Custodian for Loans, Mortgages, and Other Assets
PRA is pleased to issue this RFP for a financial institution to serve as custodian of the loans/mortgages and other assets of the program titled Restore, Repair, Renew: Philadelphia Neighborhood Home Preservation Loan Program.
Deadline: May 10, 2019 by 3pm EST
Competitive Bids – 28 Properties
PRA is now accepting bids for development opportunities in East Kensington, Kensington, Port Richmond, Old Richmond, Whitman, Pennsport and South Philadelphia.
Deadline: May 21, 2019 by 3pm EST
Competitive Bids for 10 Properties
PRA is now accepting bids for development opportunities in East Mt. Airy, Germantown and Tioga.
Deadline: May 7, 2019 by 3pm EST
Competitive Bids for 11 Portfolios of Properties
PRA is now accepting bids for development opportunities in Allegheny West, Germantown, Logan, Nicetown and Tioga. Deadline: May 7, 2019 by 3pm EST
Latest News and Events
Lower Eastwick Public Land Strategy Report Released
Today, March 25, 2019, PRA and the City of Philadelphia are excited to release the Lower Eastwick Public Land Strategy. This report marks the conclusion of a two-year endeavor.
Restore • Repair • Renew is a new program to help Philadelphia homeowners invest in their homes. This program will help Philadelphia homeowners access low-interest loans to invest in their properties. Lenders participating in the program are offering 10-year, 3% interest loans that range from $2,500 to $24,999 to eligible homeowners. Loans can fund a range of home repairs that focus on health, safety, weatherization, accessibility, and quality of life. The goal is to help Philadelphians improve their homes and strengthen their communities. Read the Press Release and download the program flyer.
PRA and City Council Celebrate Ribbon-Cutting of 16 Workforce Housing Homes
The City of Philadelphia, PRA, and City Council work developers, Mo Rushdy and Larry McKnight of The Riverwards Group, celebrated the ribbon-cutting of the Francisville Workforce Housing project, located on Parrish Street between 15th and 16th streets. These 16 homes are three-bedroom units being sold for $229,990. Each unit has spacious private backyards, a 10-year tax abatement, and no condo or HOA fees.