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Pennsylvania Housing Finance Agency (PHFA) Market Study Checklist

The items Pennsylvania Housing Finance Agency (PHFA) requires in the site, market area, economy and data-currency sections of a LIHTC market study, each with the guideline it comes from.

Source: PENNSYLVANIA HOUSING FINANCE AGENCY (2025 UNDERWRITING APPLICATION) TAB_04 MARKET STUDY/NEEDS ASSESSMENT (2025 Underwriting Application (form footer 'Rev.7/01/12' on Housing Providers Needs Assessment form, p. 249)); read 2026-10-25 · Updated October 2026

Required items

Required itemWhere required
Site photographs: site photos from two perspectives; originals or color copies; dated; multiple sites must identify site addressPENNSYLVANIA HOUSING FINANCE AGENCY (2025 UNDERWRITING APPLICATION) TAB_04 MARKET STUDY/NEEDS ASSESSMENT — TAB 04, item 2, p. 242 ('Provide photographs of the site from a minimum of two perspectives.'; item 12 p. 244 'Attach a color photo of each comparable.')
Area services table and map: no named category list; 'all amenities' on street map; accessibility to employment and servicesPENNSYLVANIA HOUSING FINANCE AGENCY (2025 UNDERWRITING APPLICATION) TAB_04 MARKET STUDY/NEEDS ASSESSMENT — TAB 04, item 1, p. 241
Census-tract exhibits: list of zip codes/census tracts comprising PMA; minority concentration analysis for HOME projectsPENNSYLVANIA HOUSING FINANCE AGENCY (2025 UNDERWRITING APPLICATION) TAB_04 MARKET STUDY/NEEDS ASSESSMENT — TAB 04, item 1, p. 241 (HOME: 'For projects utilizing Federal HOME funds, provide an analysis of minority concentration...')
Study within 12 months of the applicationPENNSYLVANIA HOUSING FINANCE AGENCY (2025 UNDERWRITING APPLICATION) TAB_04 MARKET STUDY/NEEDS ASSESSMENT — TAB 04, p. 241
Source listed at each tablePENNSYLVANIA HOUSING FINANCE AGENCY (2025 UNDERWRITING APPLICATION) TAB_04 MARKET STUDY/NEEDS ASSESSMENT — TAB 04, item 4, p. 242
Agency form: Market Study/Housing Needs Assessment Form (PHFA form, unmodified) (completed outside StudyScribe)PENNSYLVANIA HOUSING FINANCE AGENCY (2025 UNDERWRITING APPLICATION) TAB_04 MARKET STUDY/NEEDS ASSESSMENT — TAB 04, p. 241
Analyst: independent, experienced market analyst qualified in Pennsylvania affordable rental markets; no approved list (confirm before submission)PENNSYLVANIA HOUSING FINANCE AGENCY (2025 UNDERWRITING APPLICATION) TAB_04 MARKET STUDY/NEEDS ASSESSMENT — TAB 04, p. 240
Other exhibit: street map of site and surrounding area with all amenitiesPENNSYLVANIA HOUSING FINANCE AGENCY (2025 UNDERWRITING APPLICATION) TAB_04 MARKET STUDY/NEEDS ASSESSMENT — TAB 04, p. 240
Other exhibit: map of subject and comparablesPENNSYLVANIA HOUSING FINANCE AGENCY (2025 UNDERWRITING APPLICATION) TAB_04 MARKET STUDY/NEEDS ASSESSMENT — TAB 04, item 12, p. 244
Other exhibit: housing inventory listing with occupancy and waiting listsPENNSYLVANIA HOUSING FINANCE AGENCY (2025 UNDERWRITING APPLICATION) TAB_04 MARKET STUDY/NEEDS ASSESSMENT — TAB 04, p. 241

LIHTC market study requirements in Pennsylvania → — staleness window, capture-rate threshold, QAP link and the full section list.

Export a Front End in the PHFA format

StudyScribe's Format for selector reorders the Market Data sections to this agency's order, uses its headings, and prints this checklist as the last page with each item marked present or missing — from BLS, Census, FBI and the other official sources, nothing estimated.

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This checklist restates Pennsylvania Housing Finance Agency (PHFA)'s published market study guidance as understood by StudyScribe on the date above; it is not legal or compliance advice. Confirm against the current guideline linked at the top before submitting.