At a glance
From its website, read 2 Nov 2026Philadelphia Accelerator Fund is a loan fund based in Philadelphia, Pennsylvania. Its website describes affordable housing development loans. Stated loan amounts run up to $2M. Where it lends: City of Philadelphia, in CDFI Investment Areas.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| inquiries@phlfund.com source | |
| Website | www.PHLFund.com |
| Office (official list) | 100 East Penn Square, Suite 409, Philadelphia, PA 19107 |
What their website says about applying
please complete this brief intake form to help us determine if your project may be eligible for one of our loan products
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Affordable housing development loans | Term: up to 2 yr | Term of up to 24 months, interest-only | source |
| Affordable housing development loans | Term: up to 3 yr | Term of up to 36 months, interest-only | source |
| Affordable housing development loans | Term: up to 5 yr | Term of up to 60 months, interest-only, often including a mini-permanent term-out option | source |
| Affordable housing development loans | Term: up to 7 yr | Terms up to 84 months, interest-only, with a potential mini-permanent term-out option | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Collateral flexible or not always required
Reduces collateral requirements
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 16 Jan 2025 |
| RSSD ID | — (none listed) |
| Address | 100 East Penn Square, Suite 409, Philadelphia, PA 19107 Directions (Google Maps) |
| Website | www.PHLFund.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Loan product pages state only maximum amounts; no minimum loan sizes are given. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Affordable housing development loans | — | As a mission-based lender focused on expanding the supply of affordable housing in the City of Philadelphia, PAF aims to fill gaps in the market wherever possible to make quality development projects happen. | source |
Loan sizes
Range used for the size filter: not stated to $2M
Service area
City of Philadelphia, in CDFI Investment Areas
PAF’s lending programs are open to everyone developing affordable housing in CDFI Investment Areas in the City of Philadelphia.
source
Counties this matches: Delaware County, PA, Montgomery County, PA, Philadelphia County, PA
Borrower focus
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
- https://phlfund.com/
- https://phlfund.com/loan-products/
- https://phlfund.com/philadelphia-accelerator-fund-will-finance-black-and-brown-led-affordable-housing/
- https://phlfund.com/artificial-intelligence-automated-lending-and-the-cotton-gin/
- https://phlfund.com/loan-inquiries/
- https://phlfund.com/uncovering-reality/
- https://phlfund.com/the-limits-of-credit-reporting/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Is there a minimum loan amount?
Their website gives a maximum ($2M) but no minimum. - What interest rate and fees should I expect on your affordable housing development loans?
Their website does not state a rate for this. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$300,000 in 1 award from the U.S. Treasury's CDFI Fund, 2024 (CDFI Program, Technical Assistance).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Technical Assistance | $300,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $14.2M |
|---|---|
| Total liabilities | $12.5M |
| Net assets | $1.6M |
| Total revenue | $399,105 |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 84-3332182, filed as “PHILADELPHIA ACCELERATOR FUND”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The filing shows no amount on the notes-and-loans line; a loan fund can report its loans on other balance-sheet lines, so this is not a loan figure. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue |
|---|---|---|---|
| Dec 2021 (990) | $10.9M | $1.9M | $54,762 |
| Dec 2022 (990) | $10.7M | $1.7M | $45,143 |
| Dec 2023 (990) | $14.2M | $1.6M | $399,105 |
Total assets grew 29% from Dec 2021 to Dec 2023. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $2M | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 79% of these 184. |
| Total assets, latest IRS Form 990 | $14.2M | Larger than 67% of the 24 other certified loan funds and venture funds in Pennsylvania with a matched Form 990 (median $8.4M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 79% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Pennsylvania | 24 | larger than 67% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Philadelphia and Pennsylvania
- Asian BankBank or thrift · Philadelphia, PACommercial real estate loans, Home mortgages, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Asian Finanical CorporationBank holding company · Philadelphia, PACommercial real estate loans, Home mortgages, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- BEECH CAPITAL VENTURE CORPORATIONLoan fund · Philadelphia, PASmall-business loansVerified
- Economic Opportunities FundLoan fund · Philadelphia, PACommercial real estate loans, Credit-builder loans, Small-business loansVerified
- Enterprise Center Capital Corporation, TheLoan fund · Philadelphia, PAOfficial list only
- Entrepreneur Works FundLoan fund · Philadelphia, PAOfficial list only
- Impact Loan Fund, Inc.Loan fund · Philadelphia, PAOfficial list only
- North Philadelphia Financial PartnershipLoan fund · Philadelphia, PACommercial real estate loans, Credit-builder loans, Microloans, Personal / consumer loans…Verified
Work at Philadelphia Accelerator Fund? Link to this page
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