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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.

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