The Philadelphia Public Financial Authority (PPFA) is seeking applicants for its founding Board of Directors. The application can be found here and is due by June 14, 2022. Board applicants do not need to be residents of Pennsylvania. The Philadelphia City Council will receive these applications, screen candidates, and present recommendations to the Mayor. The Mayor is expected to appoint the nine voting members of the Board by the start date of their terms of office, July 1, 2022.
Councilmember Derek Green discussed qualifications for PPFA board members, the status of the PPFA in the current budget process, capitalization of the PPFA, and other issues related to the establishment of the PPFA in the latest “Financing Philadelphia’s Future with Councilmember Derek Green” video program.
To help the PPFA secure the required funding, the Philadelphia Public Banking Coalition has put together this advocacy tool kit.
“We are asking the City Council and the Mayor to support a $3 million operational budget for the Philadelphia Public Finance Authority for 2023.”
Photo by ByteForByte.