PACDC’s activities have culminated in $180 million to date in new resources for affordable housing and neighborhood economic development.
TKF Foundation: Open Spaces Sacred Places National Awards Initiative
The TKF Foundation supports the creation of public green spaces that offer temporary sanctuary, encourage reflection, provide solace, and engender peace and well being. The Foundation's Open Spaces Sacred Places National Awards Initiative funds the development of significant new public green spaces in urban settings that demonstrate a combination of high quality design-build and rigorous research about user impacts. The initiative's final Request for Proposals (RFP) will support cross-disciplinary teams that are able to 1) conceptualize, plan, design, and implement an open and sacred green space, 2) conduct an associated research study(ies), and 3) communicate scientific findings. Funded projects should serve as potential models for urban areas across the United States. A total of $4 million is available through this RFP.
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The Philadelphia Housing Trust Fund has raised nearly $80 million since September 2005 to expand housing opportunities for more than 6,000 Philadelphia families.
The CDC Tax Credit Program has fostered 35 partnerships between businesses and non-profits that is providing $60 million in new funding for CDC neighborhood economic development.
PACDC’s Member Services programming builds capacity of CDCs through technical assistance and training, sharing of best practices, networking, and promotion of the local CDC industry.
The local CDC industry generated $3.3 billion in economic impact in Philadelphia during the past 20 years.
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