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

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”).

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).

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.