understanding the mixed-use development tax credit and community revitalization fund program
“the commonwealth of pennsylvania offers tax credits to bidders each year through the mixed-use development tax credit program, administered by the pennsylvania housing finance agency. funds generated through tax credit sales finance the community revitalization fund program (crfp), which provides grants to support small mixed-use development projects and may be particularly helpful in spurring development in less populated areas of the commonwealth. since the program’s inception, crfp has made awards to support forty-four mixed-use developments across the commonwealth. this brief analyzes crfp data from 2018-2025 and draws on interviews with program stakeholders to document the role of crfp in supporting development in pennsylvania.”
published with the housing initiative at penn, 2025