About PHFA
Home is more than walls and a roof — it’s where life happens. It’s where
families gather, where dreams take root, and where people feel safe and
connected. At the Pennsylvania Housing Finance Agency, we believe everyone deserves that feeling of home. That’s why, for more than 50 years, our mission has been simple yet profound: bringing people home.
Housing Assistance by Key Areas
Since 1972, PHFA supported and assisted Pennsylvanians on their journey to homeownership and housing stability. We’ve helped first-time buyers unlock the door to their very first home, supported older adults in finding comfort and security, and provided hope for families facing foreclosure. Data we provide isn’t just a number, it’s a story. It’s a family, a future, and a home.
- 210,310 families have stepped into homes of their own because of PHFA.
- 113,200 rental units have been built or preserved.
- 51,400 families have had their homes saved from foreclosure during hard times, because we were there to help.
Building Stronger Communities
At PHFA, we know that a home is the heart of a community. When families have an affordable place to live, neighborhoods thrive. That’s why our work goes beyond financing homes. We invest in the fabric of Pennsylvania’s communities.
Through partnerships with public and private organizations, we help create vibrant, inclusive neighborhoods where people feel connected and supported. We advocate and help fund programs that strengthen families, and ensure communities have the resources to grow.
When we bring people home, we’re not just changing individual lives. We’re building stronger, healthier communities across the Commonwealth.
Economic Growth
PHFA also fuels growth across Pennsylvania. Every home built and every apartment financed creates jobs and strengthens neighborhoods. From construction crews to real estate professionals, our impact ripples through communities, creating hope and prosperity.
At PHFA, we don’t just build houses, we help create homes. We don’t just manage programs, we change lives. Every key handed over, every family kept safe, every door opened is a step toward a stronger, more caring Pennsylvania.
Because home isn’t just where you live, it’s where you belong. At PHFA, we’re proud to be Bringing People Home.
Our Leadership
MEET OUR BOARD OF DIRECTORS
The agency’s 14 board members are appointed to serve by the governor or General Assembly, or they serve as part of the responsibility of their high-level state government position. By providing their time and expertise, they improve the availability of affordable housing throughout the commonwealth.
Our Mission
In order to make the Commonwealth a better place to live while fostering community and economic development, the Pennsylvania Housing Finance Agency provides the capital for decent, safe, and affordable homes and apartments for older adults, persons of modest means, and those with special housing needs.
Our Programs
For more than 50 years, the Pennsylvania Housing Finance Agency has helped tens of thousands of Pennsylvanians find affordable housing that brings with it a sense of security.
What started in 1972 as an effort to make rental housing more affordable has grown into a lifeline for those facing hardship, first-time homebuyers chasing a dream, and communities striving to become places where everyone feels they have a home. PHFA has continually adapted its programs around the real needs of real people; always listening, learning, and evolving to the Commonwealth’s ever-changing housing landscape.
Today, our mission is stronger than ever. Whether it’s offering affordable home loans and rental opportunities, preventing the heartbreak of foreclosure, or investing in neighborhoods ready for revitalization, PHFA stands beside Pennsylvanians every step of the way.
Every initiative reflects PHFA’s commitment to help residents and strengthen communities. At the heart of every program is a simple promise: to ensure every Pennsylvanian has the opportunity to find a home they can afford and can look forward to a stable future.
Hear From Our Customers
Hear First-Hand How PHFA is Bringing People Home
Our customers remind us every day why our mission matters. Behind every application, every phone call, and every set of keys handed over is a real story, a family searching for stability, a parent fighting for permanence, or someone simply longing for a place to call home.
We often say that affordable housing changes lives, but the people we’ve helped are the ones who truly show what that transformation looks like. In the video testimonials below, you’ll hear their voices that are filled with hope and gratitude as they share how finding quality housing through PHFA became the turning point they needed. Their stories speak to the power of a home that finally feels within reach.
Our Progress
The Pennsylvania Housing Finance Agency was created 52 years ago with a small team and a big mission. Today, that mission is carried forward by 342 dedicated professionals across 16 divisions. Every employee brings their own unique skills, perspectives, and passions to the work we do.
PHFA is a state-affiliated agency that largely sustains itself through its own investments and administrative fees, only occasionally receiving state funding for special initiatives as determined by the state legislature. Our distinctive public-private structure empowers us to navigate financial markets with agility and to respond swiftly to the evolving needs of consumers and developers in multifamily and single-family housing across Pennsylvania.
What began as a modest effort more than half a century ago has become a powerful force to help Pennsylvanians find stability, opportunity, and a place to call home. Our progress is a testament to what committed people can achieve when they believe in a shared purpose and work together to make it real.
Q1
Jul-Sept 2024
SEE HIGHLIGHTSQ2
Oct-Dec 2024
SEE HIGHLIGHTSQ3
Jan-Mar 2025
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Apr-Jun 2025
SEE HIGHLIGHTSOur Performance
This interactive map highlights PHFA’s housing investments across all 67 counties for fiscal year 2025. Each data point represents more than just a statistic. It shows our ongoing commitment to helping individuals and families across the commonwealth find and maintain stable housing. Together, these numbers tell a powerful story of impact and community support.
Housing Assistance by County
Select any county to view the agency’s support in four main areas:
You can also click the icons beneath the map to explore more detailed informaion.
LEGEND
MF funding = PennHOMES, Health for Housing, National Housing Trust Fund and PA Housing Tax Credits
LIHTC = Low Income Housing Tax Credits
HEMAP = Homeowners’ Emergency Mortgage Assistance Program
PHARE = Pennsylvania Housing Affordability and Rehabilitation Enhancement Fund; total disbursement includes $6,260,000 regional and $2,080,000 statewide funding
Homeownership
Multifamily Housing
Community Development
Foreclosure Prevention
Our Financials
The past fiscal year witnessed a U.S. economy that continued to grow, but at a slower pace than in recent years. Higher interest rates and ongoing inflation made borrowing more expensive. The job market remained stable although hiring slowed and unemployment increased slightly. Consumers continued to spend at a more cautious pace as costs remained high and savings declined. The main sticking point was that higher home prices had become a burden for young families wanting to purchase their first home. Nevertheless, PHFA’s single family loan production remained solid, thanks in large part to the agency’s below-market interest rates and its down payment and closing cost assistance programs. All PHFA single family purchase loans are for 30-year terms in order to keep monthly loan payments as low as possible for its customers.
The agency had three bond offerings during the year, which garnered significant investor interest and provided funding for its home loan products. Additionally, the agency continues to invest in new business software and improve business processes to continue enhancement of its operational efficiencies. In sum, PHFA remains financially strong and well positioned to continue its housing mission.
Tap or hover over the charts to see dollar amounts.
NET POSITION
(in thousands)
Beginning of year:
$826,629
End of year:
$890,304
PHFA’s complete financial report for the
2025 fiscal year is conveniently available
on our website.