Mixed-Use Development Tax Credit Program

The Mixed-Use Development Tax Credit (MUDTC) program was created as part of the Commonwealth’s fiscal year 2016-2017 budget. PHFA was directed to administer the credit and is authorized to sell $4.5 million in tax credits through direct or negotiated sale to any qualified taxpayer. These tax credits will be used by the winning bidders – which can be companies, organizations, or individuals – to reduce their state tax liability. The funds collected from successful bidders will go into the Community Revitalization Fund Program (CRFP). Applicants will apply through a competitive Request for Proposals Process to receive this (grant) funding to support the construction or rehabilitation of mixed-use development projects in communities across the Commonwealth.