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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.

Solar Energy Program applications are no longer being accepted. All funding has been exhausted.

CFA Current Interest Rates, click here.

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 and are subject to change.

View the CFA Application Review Schedule 2009 / 2010.

View running total of:
CFA Approved Projects (excluding H2O PA, Local Share Account, and Energy Programs - see below)
CFA Approved Projects - H2O PA Program
CFA Approved Projects - Energy Programs
CFA Approved Projects - Local Share Account (Gaming Funds)

CFA Board Members

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

Austin Burke, Chair,
Secretary of Community and Economic Development

Acting Secretary Burke 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.

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.