User Actions

• Email this Page

Please create an account or sign in to save pages to your bookmarks.

Commonwealth Financing Authority

The Commonwealth Financing Authority (CFA) was established as an independent agency of the Commonwealth to administer Pennsylvania's economic stimulus packages. The CFA holds fiduciary responsibility over the funding of programs and investments in Pennsylvania's economic growth.

CFA Current Interest Rates, click here.

H2O PA:  Deadline to submit the second round of H2O PA (including Water & Sewer, Flood Control, and High Hazard Dams) applications is July 1, 2010.

Building PA Request For Proposals (RFP), click here.

CFA Annual Report, (pdf)

CFA Annual Report (E-book)

CFA Meetings: Open to the Public

CFA Meeting Schedule:
All meetings are open to the public from 10:30 a.m. - 1:00 p.m. unless otherwise noted. Meeting dates are listed below. Location information will be added as it becomes available.

View the CFA Application Review Schedule 2009 / 2010.

View running total of:
CFA Approved Projects (excluding H2O PA & Energy Programs - see below)
CFA Approved Projects - H2O PA Program
CFA Approved Projects - Energy Programs

CFA Board Members

The CFA is governed by a seven-member board. Board members include:

George Cornelius, Chair,
Secretary of Community and Economic Development

Acting Secretary Cornelius leads the effort to revitalize Pennsylvania’s economy by investing in growth. He works to achieve a balance between community and economic development, to respond to the needs of our large urban centers and our small- to medium-sized cities and boroughs, and to fully develop the potential of Pennsylvania’s many diverse industry sectors.

Steven Kaplan,
Pennsylvania Secretary of Banking

Secretary Kaplan provides overall leadership to the state Banking Department, which supervises Pennsylvania state-chartered banks, non-depository trust companies, savings and loan associations, and credit unions.

Mary A. Soderberg,
Pennsylvania Secretary of the Budget

Secretary Soderberg previously served as executive deputy secretary of the budget and chief financial officer of the commonwealth. As the executive deputy secretary, she oversaw all finance-related aspects of the state government's administration, including budget preparation, budget implementation, financial reporting, debt administration, payment processing, payroll operations and internal auditing.

Austin J. Burke,
President, The Greater Scranton Chamber of Commerce

As the chief executive officer of the Scranton Chamber, Mr. Burke works with a staff of twenty-two and hundreds of community volunteers to provide programs and services to the community and to the Chamber’s 2,200 members.

Jerry Pappert,
Cephalon, Inc.

Mr. Pappert is the executive vice president and general counsel of Cephalon, Inc. Prior to that he was a partner in the law firm Ballard Spahr Andrews & Ingersoll, LLP. From 2003-2005, he served as the Attorney General of Pennsylvania and from 1997-2003, he served as Pennsylvania's First Deputy Attorney Gereral.

Michael Karp,
President, University City Housing Company

Mr. Karp has more than forty years of experience in real estate investment and telecommunications; he has also worked to improve public education and social services in West Philadelphia.

Barbara A. McNees,
President, Greater Pittsburgh Chamber of Commerce

Ms. McNees has served as the President of the Greater Pittsburgh Chamber of Commerce, an affiliate of the Allegheny Conference on Community Development, since 1997.  The Chamber represents more than 500 businesses with more than one million employees across a 10-county area.