PRA Invites Proposals for Financial Institutions to Carry Out the Origination and Servicing of Housing Preservation Loan Program (HPLP) Loans

Deadline: Friday, January 26, 2018 – 3:00pm
Contact Person: Jane Allen


Due to inclement weather, the pre-bid meeting scheduled for January 5, 2018 will be postponed to January 12, 2018 at 10 AM. The expression of interest and question period will also be extended to January 12, 2018 at 3 PM.


PRA is pleased to issue this RFP for financial institutions to carry out the origination and servicing of loans as part of the Housing Preservation Loan Program (“HPLP”), a new initiative of PRA and the City of Philadelphia intended to serve low-, moderate-, and middle-income (“LMMI”) Philadelphia homeowners who need home repair loans.  All respondents wishing to submit a response to this RFP must either attend the prebid meeting at PRA’s offices (1234 Market Street, 16th Floor) at 10:00 A.M. on January 12, 2018 or express their intention to submit either in hard-copy mail or email to Jane.Allen@pra.phila.govby 3:00 P.M. on January 5, 2018.  Applicants must submit proposals no later than January 26, 2018 by 3:00 P.M., either online through PRA’s website or in hard-copy form via hand-delivery or registered mail.

The RFP and all of its attachments can be found to the right in the Resources section of the Philadelphia Redevelopment Authority webpage by clicking here. Please visit webpage for more details.


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