Pennsylvania Community Development Bank (PCD Bank)

The purpose of the Pennsylvania Community Development Bank is to provide grant funding and liquidity financing for State Accredited Community Development Financial Institutions (CDFIs).

The Pennsylvania Economic Development Financing Authority (PEDFA), through an operational Committee of the Board, administers the Pennsylvania Community Development Bank (PCD Bank). PCD Bank meets certain requirements under the Federal Community Development Banking and Financial Institutions Act of 1994. Authorized by PEDFA, the PCD Bank’s purpose is to enhance the organizational capacity of the Community Development Financial Institutions (CDFIs), allowing them to expand their operations or offer improved services resulting in increased lending activities.

Operational Committee Members
Honorable Neil Weaver

Acting Secretary, Department of Community and Economic Development

Honorable Stacy Garrity

State Treasurer

Honorable Richard Vague

Secretary of Banking & Securities

John E. Noone

Honorable Jaret Gibbons

House of Representatives

Honorable Jay Costa

Senate of Pennsylvania

Raymond A. Davis
Dr. Howard Slaughter, Jr.
Livia H. Smith
Gregg R. Aversa
Samuel Milliner
Richard A. Jones
James A. Miller

 IRMA Representation Notice

For purposes of the potential bond issuance for the PlanCon project, the Commonwealth Financing Authority is represented by and will rely on the municipal advisor, Public Financial Management, Inc. (PFM), specifically including but not limited to Kathy Clupper to provide advice in evaluating recommendations or advice from financial services firms concerning the issuance of municipal securities and municipal financial products (including investments of bond proceeds and escrow investments) as such terms are defined in the SEC's Municipal Advisor Rule. This certificate may be relied upon until July 1, 2019.”
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