Organization

The Pennsylvania Housing Finance Agency was created by the General Assembly in 1972 to provide affordable housing for older adults, persons and families of modest means, and persons with disabilities. To date, the Agency has financed more than 130,000 houses and 54,000 apartment units while assisting 40,000 homeowners threatened with foreclosure.

PHFA’s funding comes from a variety of sources, including the sale of its own securities to private investors throughout the United States, and program fees and funds that may be passed through from the state or federal governments. Agency expenses are paid from fee and investment income; part of the investment earnings are used to subsidize housing programs.

PHFA employs a staff of more than 260 individuals organized into three functional groups: Finance and Administration; Multifamily Housing Development; and, Homeownership Programs. The Agency maintains its headquarters in Harrisburg, with regional offices in Norristown and Pittsburgh.

This overview covers only a portion of the Agency’s overall activities. More detailed information may be obtained by browsing this site or calling PHFA.