Petra Community Housing, formerly Phoenixville Homes, was created by the Phoenixville Area Council of Churches in 1994 to provide solutions to the lack of affordable housing in the area. The earliest projects of the organization consisted of providing small grants and loans to low income, first time homebuyers enabling them to purchase a home. As the need for affordable housing grew, monies raised were invested into building new homes in Phoenixville and purchasing, renovating and reselling existing homes to first time homeowners. To date over 30 families in the greater Phoenixville area have been assisted in becoming first time home buyers.

Collaborating with multiple funders on a much larger scale, Petra Community Housing purchased three vacant former factories and turned them into 139 affordable rental housing units for very low income elderly and adults with disabilities. Two facilities in Spring City provide housing for seniors 62 years and older while the facility in Royersford provides housing for adults with disabilities. In 2018, the newest project, SteelTown Village, was completed in Phoenixville. The Low Income Housing Tax Credit property has 48 one, two and three bedroom apartments providing quality housing to low income families. Upon the completion of each project, Petra Community Housing became the managing agent.