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.

The CFA is temporarily not accepting applications for the Alternative & Clean Energy, Renewable Energy, Solar Energy, and the High Performance Building Programs as the guidelines are currently being updated and modified.  Once the guidelines have been updated and approved, these programs will resume accepting applications. 

H20 PA Program applications are no longer being accepted. The program is currently closed.

CFA Current Interest Rates, click here.

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

CFA 2007 Annual Report, (pdf), (E-book)

Alternative Energy Program Annual Report FY 09-10, click here.

H2O PA Annual Report FY 09-10, click here.

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 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) and Allegheny County Gaming Economic Development & Tourism Fund

CFA Board Members

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

C. Alan Walker,
Secretary of Community and Economic Development

Secretary Walker leads the agency's efforts to help Pennsylvania businesses and communities grow and compete in the global economy. He works to offer business assistance, including start up, location and expansion investment. He is also committed to helping Pennsylvania develop and enhance its communities through downtown revitalization; housing, water and sewage infrastructure improvements; and technology investment.

Glenn E. Moyer,
Secretary of Banking

Glenn E. Moyer provides overall leadership to the Pennsylvania Department of Banking, which supervises Pennsylvania state-chartered banks, thrifts, credit unions and trust companies, and licenses more than 13,000 non-depository financial services companies that provide a variety of consumer loans and services. He has served as an officer in the U.S. Air Force, worked for the American Bank and Trust Co. of PA, which later became Meridian Bank, and served as president and CEO of Elverson National Bank and National Penn Bank and its holding company, National Penn Bancshares. He is a graduate of Penn State University and has earned master’s degrees in education from Eastern New Mexico University and business administration from St. Joseph’s University in Philadelphia.

Charles Zogby, 
Pennsylvania Secretary of the Budget

Secretary Zogby is responsible for the preparation of the Governor's budget and for its implementation after legislative enactment. He is also responsible for maintaining the commonwealth's accounting, payroll, debt issuance and financial reporting systems and programs.

Jerry Pappert,

Mr. Pappert was the executive vice president and general counsel of Cephalon, Inc from 2008 through 2012. 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 General.

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.

Austin J. Burke,
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.