Mini-PHIL & PHIL-Plus Home Improvement Program: An Impact Report of the Urban Affairs Coalition's Administrative History 2003-2017

February 20, 2018

Contact: Dainette Mintz - Urban Affairs Coalition 215-851-1891

FOR IMMEDIATE RELEASE: Tuesday, February 20, 2018

Urban Affairs Coalition’s Mini-PHIL and PHIL-Plus Home Improvement Program Releases Impact Report
$8.8M in private capital lent to City of Philadelphia residents over 14 years

PHILADELPHIA, PA -- On Tuesday, February 20, 2018, the Community and Economic Development (CED) Department of the Urban Affairs Coalition (UAC) released a report identifying the impacts of its Mini-PHIL and PHIL-Plus Home Improvement Program. This report highlighted the last 14 years of UAC’s Mini-PHIL and PHIL-Plus Home Improvement Loan Program, which was created as a response to predatory lending practices in the early 2000s.

Among the report’s key findings:

The program created new opportunities for those with less than perfect credit to borrow at market interest rates.

In the early 1980s, the City of Philadelphia administration focused efforts on revitalization and restoration of underserved neighborhoods. Residents sought to repair their homes but had limited access to credit beyond high interest loans with exorbitant fees being offered by predatory lenders. The UAC Mini-PHIL and PHIL-Plus Home Improvement Program provided an alternative lending option for individuals with credit scores below 680, following a similar model of the PHIL Loan program managed by the Philadelphia Redevelopment Authority.

The program illustrated that City funding could leverage private sector dollars for working families.

Since 2003, each dollar invested in the Mini-PHIL and PHIL-Plus Home Improvement Program helped leverage over $10 in private sector lending. This lending boosted revitalization in the city, as homeowners took out loans to improve their properties. Over 14 years, 10 lenders provided opportunities to assist 486 homeowners in repairing their homes through UAC’s Mini-PHIL and PHIL-Plus Loans. PNC Bank and Citizens Bank remained active throughout the entire program.

“There is no other lending institution in the City that I am aware that helps its citizens improve their livelihood by reviewing their individual financial situation to decide if the person can be credit worthy,” states Ruth, a PHIL-Plus Loan recipient. “The PHIL-Plus Loan is the only program in our area that I know that helps individuals like myself.”

After having assisted 486 homeowners over the past 14 years, UAC remains committed to assisting homeowners by supporting the Housing Preservation Loan Program, a new City initiative through the Philadelphia Redevelopment Authority.

Download the Mini-PHIL & PHIL-Plus Home Improvement Program Impact Report here.

Download this Press Release here.


About the CED Committee

The Community and Economic Development Committee of the Urban Affairs Coalition is a 65 member working group that represents government, banks, non-profit organizations, and community development professionals. These organizations work together to bring capital, financial education, and other resources to local communities to ensure the stability, growth, and vitality of the region.

About the Urban Affairs Coalition

The Urban Affairs Coalition unites government, business, neighborhoods, and individual initiative to improve the quality of life in the region, build wealth in urban communities, and solve emerging issues. Please visit for more information.