Philadelphia Accelerator Fund provides flexible financing for affordable housing and equitable neighborhoods – with a focus on increasing capital access for Black and Brown developers, small-scale developers, and nonprofits. As a certified Community Development Financial Institution (CDFI), PAF’s lending programs are open to everyone developing affordable housing in CDFI Investment Areas in the City of Philadelphia. PAF prioritizes social impact, breaking down traditional financing barriers and supporting projects that strengthen Philadelphia communities.
Philadelphia Accelerator Fund provides flexible financing for affordable housing and equitable neighborhoods – with a focus on increasing capital access for Black and Brown developers, small-scale developers, and nonprofits. As a certified Community Development Financial Institution (CDFI), PAF’s lending programs are open to everyone developing affordable housing in CDFI Investment Areas in the City of Philadelphia. PAF prioritizes social impact, breaking down traditional financing barriers and supporting projects that strengthen Philadelphia communities.
FIVE GOALS, EACH DIRECTLY CONNECTED TO PAF’S CORE VALUES,
GUIDE THE 2025-2029 STRATEGIC PLAN.
FIVE GOALS, EACH DIRECTLY CONNECTED TO PAF’S CORE VALUES, GUIDE THE 2025-2029 STRATEGIC PLAN.
FIVE GOALS, EACH DIRECTLY CONNECTED TO PAF’S CORE VALUES, GUIDE THE 2025-2029 STRATEGIC PLAN.
GOAL 1: PAF will finance a minimum of 940 units of quality affordable housing, providing greater access to safe and economically-viable housing options for Philadelphia residents.
VACANT PARCELS IN THE CITY
GOAL:
RENTAL UNITS
GOAL:
HOMEOWNERSHIP UNITS
PAF’S FIVE-YEAR LOAN PROJECTIONS
15% LOAN GROWTH:
IN THE LATTER HALF OF THE STRATEGIC PLAN
(2027-2029)
GOAL 2: PAF will continue to develop innovative new loan products to address market gaps while prioritizing lending to developers and nonprofits that have been systemically denied access to financial resources and opportunity.
GOAL 3: Through collaboration with other partners, PAF will strengthen the capacity of Black and Brown, small scale, and female-owned development firms and nonprofits creating affordable housing in Philadelphia.
PAF’S FIVE-YEAR LOAN PROJECTIONS
PAF’S APPROACH:
ADDRESSING PERSONAL FINANCIAL HURDLES
SOLUTION:
PARTNER WITH A NONPROFIT CREDIT COUNSELOR TO ASSIST BORROWERS
GOALS BY END OF FY2029:
GROW ORGANIZATIONAL NET ASSETS
GOAL 4: Grow PAF’s financial capacity to support the goals of the strategic plan and strengthen the sustainability of the organization, building a compassionate and unified organization and team.
GOAL 5: While growing and expanding the organization, PAF will continue to balance impact and risk, measuring both within a rigorous and robust framework, facilitating the delivery of excellent results both externally and internally.
BALANCE IMPACT
AND RISK
GOAL 1: PAF will finance a minimum of 940 units of quality affordable housing, providing greater access to safe and economically-viable housing options for Philadelphia residents.
VACANT PARCELS IN THE CITY
GOAL:
RENTAL UNITS
GOAL:
HOMEOWNERSHIP UNITS
PAF’S FIVE-YEAR LOAN PROJECTIONS
15% LOAN GROWTH:
IN THE LATTER HALF OF THE STRATEGIC PLAN
(2027-2029)
GOAL 2: PAF will continue to develop innovative new loan products to address market gaps while prioritizing lending to developers and nonprofits that have been systemically denied access to financial resources and opportunity.
GOAL 3: Through collaboration with other partners, PAF will strengthen the capacity of Black and Brown and female-owned development firms and nonprofits creating affordable housing in Philadelphia.
PAF’S FIVE-YEAR LOAN PROJECTIONS
PAF’S APPROACH:
ADDRESSING PERSONAL FINANCIAL HURDLES
SOLUTION:
PARTNER WITH A NONPROFIT CREDIT COUNSELOR TO ASSIST BORROWERS
GOALS BY END OF FY2029:
GROW ORGANIZATIONAL NET ASSETS
GOAL 4: Grow PAF’s financial capacity to support the goals of the strategic plan and strengthen the sustainability of the organization, building a compassionate and unified organization and team.
GOAL 5: While growing and expanding the organization, PAF will continue to balance impact and risk, measuring both within a rigorous and robust framework, facilitating the delivery of excellent results both externally and internally.
BALANCE IMPACT AND RISK
Read Core Values
Meet Our Team
View Loan Options
GOAL 1: PAF will finance a minimum of 940 units of quality affordable housing, providing greater access to safe and economically-viable housing options for Philadelphia residents.
VACANT PARCELS IN THE CITY
GOAL: RENTAL UNITS
GOAL: HOMEOWNERSHIP UNITS
GOAL 2: PAF will continue to develop innovative new loan products to address market gaps while prioritizing lending to developers and nonprofits that have been systemically denied access to financial resources and opportunity.
PAF’S FIVE-YEAR LOAN PROJECTIONS
15% LOAN GROWTH:
IN THE LATTER HALF OF THE STRATEGIC PLAN
(2027-2029)
GOAL 3: Through collaboration with other partners, PAF will strengthen the capacity of Black and Brown and female-owned development firms and nonprofits creating affordable housing in Philadelphia.
PAF’S FIVE-YEAR LOAN PROJECTIONS
PAF’S APPROACH:
ADDRESSING PERSONAL FINANCIAL HURDLES
SOLUTION:
PARTNER WITH A NONPROFIT CREDIT COUNSELOR TO ASSIST BORROWERS
GOAL 4: Grow PAF’s financial capacity to support the goals of the strategic plan and strengthen the sustainability of the organization, building a compassionate and unified organization and team.
GOALS BY END OF FY2029:
GROW ORGANIZATIONAL NET ASSETS
GOAL 5: While growing and expanding the organization, PAF will continue to balance impact and risk, measuring both within a rigorous and robust framework, facilitating the delivery of excellent results both externally and internally.
BALANCE IMPACT AND RISK
Read Core Values
Meet Our Team
View Loan Options
PAF’s mission is to support the production and preservation of affordable housing and community development projects in the City of Philadelphia to benefit low-income people and low-income communities.
PAF seeks to carry out its mission by offering financial products to increase opportunities for:
• Historically disadvantaged groups with a focus on Black and Brown developers
• Smaller-scale developers
• Nonprofit developers
• Projects with deep housing affordability and/or permanent affordability
• Projects that provide affordability with minimal public subsidy
• Female-owned development firms
PAF partners with borrowers who share a strong social-impact focus, and who are committed to the equitable development of Philadelphia’s communities.
The primary project types that will be served by PAF’s products are:
• Naturally occurring affordable and workforce production and preservation
• Mixed-income and mixed-use projects in under-served communities
• Subsidized affordable housing production and preservation
