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BUILDING INDUSTRY ASSOCIATION of Philadelphia

News & Resources

BIA VP Mo Rushdy Chairs New Fund to Boost Small Builders and Affordable Housing

The Philadelphia Accelerator Fund (PAF) is a nonprofit loan fund created in 2019 and officially launched earlier this summer to invest in affordable housing and equitable neighborhoods for Philadelphia.

The goals of PAF are to:

  • Provide access to capital for historically disadvantaged groups, with a focus on Black and Brown developers.
  • Provide new sources of flexible capital for the production and preservation of affordable housing in Philadelphia.
  • Provide financing to fill project gaps and to leverage financing from conventional sources.
  • Contribute toward overcoming Philadelphia’s affordability challenges and systemic constraints that have led to unequal distribution of resources.
  • Provide business support services for borrowers to ensure they have the resources they need to succeed.
  • Read The Home Maker and New Fund to Boost Small Builders and Affordable Housing to learn more about PAF and the great work Mo Rushdy is doing.

    Recent News

    December 14, 2022
    New Project Funding Sources Available Through the Inflation Reduction Act
    November 30, 2022
    The Philadelphia Regional Housing Report 2022 Q3
    November 21, 2022
    L&I Requires New Documents for Construction Impacting Adjacent Property
    October 31, 2022
    New Legislation Requires an Excavation License and Excavation Permit for Anyone Digging 5 Feet Below Grade
    October 30, 2022
    Attention Members: L&I Announces Enforcement Priorities
    October 27, 2022
    Philadelphia’s Housing Market Shows Significant Signs of Deceleration in Q3.
    October 5, 2022
    L&I to Step Up Enforcement of Employee Status Regs
    September 21, 2022
    Deadlines to Appeal Tax Assessments Fast Approaching
    September 19, 2022
    Updated Philadelphia Regional Housing Report: 2022 Q2
    August 31, 2022
    What Members Need to Know about L&I’s Audits and Investigations Unit
    August 10, 2022
    Philadelphia’s Housing Market: Still Strong Volume, but Moderating Prices
    August 4, 2022
    BIA VP Mo Rushdy Chairs New Fund to Boost Small Builders and Affordable Housing
    June 30, 2022
    City Council Session Ends with a Few Significant Wins for the BIA
    February 26, 2022
    The BIA Celebrates Black History Month
    February 16, 2022
    Financial Incentives for Construction Projects from PECO and PGW
    December 6, 2021
    Protect Your Business from Cyberattacks
    November 30, 2021
    The House That She Built: Written by BIA Member Mollie Elkman
    November 22, 2021
    Building Envelope Best Practices
    July 27, 2020
    Preparing to Dig: Planning and Safety Tips for Construction Excavation in an Urban Environment

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