RFP for Restore, Repair, Renew (RRR) Participating Lenders

In 2019, PHDC launched RRR to provide loans to Philadelphia low-, moderate-, and middle-income homeowners, defined as having household income at or below 120% of Area Median Income for Philadelphia County as established by HUD— for income limits, click here. The RRR program was funded with bond proceeds in the amount of Forty Million Dollars ($40,000,000).

PHDC is pleased to issue this Request for Proposals, on behalf of the Philadelphia Redevelopment Authority (“PRA”), to interested qualified vendors (each, a “Respondent”, and collectively, the “Respondents”) to originate and service loans related to PHDC’s Restore, Repair, Renew—Philadelphia Neighborhood Home Preservation Loan Program (“RRR”).

Please download, complete and submit the following documents:

• RRR Lender RFP 2025
• Attachment A_Combined Tax Cert COI Forms
• Attachment B_Campaign Disclosure Form
• Attachment C_PRA Insurance Exhibit for HPLP (RRR) Loan Originator and Servicer (2025)

Questions/Requests for Additional Information
Questions and requests for additional information should be directed in writing to rachel.mulbry@phdc.phila.gov with the subject line “RRR Lender RFP” and will be accepted until August 8, 2025 at 3:00 PM.

Submission Process
Responses will only be accepted in the following manner: Online Submission – via the electronic portal below.

Submission Deadline
Respondents must submit a Response to this RFP no later than August 29, 2025 at 3:00 PM ; absolutely no Response will be accepted after this time.