Pennsylvania Housing Finance Agency opens bidding for $10M in tax credits

The initiative stems from Act 45 of 2025, which tasked the agency with administering the credit to incentivize the preservation and development of low-income housing. By auctioning these credits to the highest qualified bidders—ranging from private individuals to corporate entities—the agency aims to maximize capital for 10 planned multifamily projects.

PHFA Executive Director and CEO Robin Wiessmann described the rollout as a significant win for the Commonwealth, noting that the program is structured to directly expand housing access. Interested parties can access submission guidelines through the agency’s official portal or submit inquiries via email to staff. Unlike many state programs, the agency operates primarily through security sales and program fees rather than public tax appropriations, maintaining a long-standing mandate to support moderate-income families and older adults.