PACDC Submits Testimony Regarding the Philadelphia Public Financial Authority

Colorful row houses in Philadelphia, Pennsylvania.

On December 13, 2021, PACDC submitted testimony in support of Bill #210956 that establishes a public financing entity to promote community economic development.

PACDC is encouraged by recent initiatives to create alternative paths to capital access as traditional banks and other lenders often cannot, or find it difficult to invest in atypical or unique situations. The Accelerator Fund is one good example as are the growing number of Community Development Financial Institutions (CDFIs) out there. But there is room and a need for more.

Read the full testimony here.