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The Philadelphia Accelerator Fund (PAF) is a new investment vehicle to enable non-traditional financing products that support affordable housing and community development in the city of Philadelphia.

PAF was established as a nonprofit corporation with a Board of Directors comprised of both public- and private-sector individuals. PAF will offer products tailored to market needs to fill funding gaps for projects that promote social impact and equitable neighborhood growth. The fund is planned to start making investments in Summer 2021.

Give us your email to stay informed on PAF’s progress!

Goals of PAF Investments

PAF seeks to increase opportunities for:

  • Minority-owned and women-owned developers
  • Nonprofit developers
  • Smaller-scale developers
  • Projects with deep affordability and/or permanent affordability
  • Projects that provide affordability with minimal public subsidy

Offerings + Differentiators

Products to Empower Impactful Projects

Flexible Terms and Underwriting

Mission-Based Focus

Sources to
Open New

to Invest
with Impact

Ex-Officio Directors

Anne Fadullon
Director, Philadelphia Department of Planning & Development

Karen Fegely,
Deputy Director, Philadelphia Department of Commerce
Designated representative of Philadelphia Commerce Director

Matthew Stitt
Director, Management and Budget Consulting, PFM
Designated representative of Philadelphia City Council President

David Thomas
President, Philadelphia Housing Development Corporation

Jennifer Lucas Crowther
Vice President of Product and Resource Development, PIDC
Designated representative of President of PIDC


Executive Director: Gregory Heller
Executive Director, Philadelphia Accelerator Fund

Vidhi Anderson
Director of Housing, HumanGood

Paul Badger
President & CEO, The Badger Group

Dr. Jennifer Bellot (Secretary)
Associate Dean of Academic-Practice Integration, Jefferson College of Nursing

Dana Brown
EVP Consumer Bank, President of Consumer Services

Kafi Lindsay (Vice Chair)
Regional Community Development Manager, TD Bank

Charles Lomax (Treasurer)
Chairman & CEO, Lomax Real Estate Partners

Suzanne S. Mayes, Esq.
Co-Chair, Public & Project Finance, Cozen O’Connor

Mo Rushdy (Chair)
Managing Partner, The Riverwards Group