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Philly First Home flyer Flipbook PDF
Philly First Home Buyer Grant $10,000
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Philly First Home Program Homebuyer Assistance The City of Philadelphia wants you to be a successful homeowner! We are offering a homebuyer assistance grant of up to $10,000 (or 6% of the home’s purchase price, whichever is lower) to assist first-time homebuyers to reduce the principal, cover down payment and loan closing costs. To be eligible you must complete a FREE Cityfunded homeownership counseling program before you sign an Agreement of Sale. Homeownership counseling successfully prepares borrowers for this big life decision. In homeownership counseling, you will learn about: • Purchasing a home within your budget • Avoiding dangerous mortgages • Rights and responsibilities of homeowners • Mortgage application/purchase processes • Improving credit, credit repair and credit maintenance • Money management • Home maintenance • Avoiding foreclosure • Deeds and other legal housing documents
Call 311 for City information. Program information is available in other languages.
What type of property is eligible? The property must be a single-family home or duplex located in Philadelphia (no condominiums).
Who is eligible? • You must be a first-time buyer* • You must complete one-on-one homeownership counseling through a City-funded housing counseling agency before signing an Agreement of Sale • You must be income-eligible (see chart below)
How do I apply? Contact a City-funded housing counseling agency (see reverse). They will need: • Total annual family income • Source of that income (employment, SSI, DPA, etc.) • Number of family members who will live in the house * or have not owned a home in the past three years.
Income guidelines Household Size
Maximum Annual Family Income
1 $73,800 2 $84,350 3 $94,900 4 $105,400 5 $113,850 6 $122,300 7 $130,700 8 $139,150
For households larger than eight, add approximately $8,400 per person. (Income guidelines subject to change) This program and grant is restricted to households at or below 100% of AMI
For additional housing information, visit www.phila.gov/dhcd or call 215-686-9749.
Jim Kenney, Mayor It is the policy of the City of Philadelphia to provide services without regard to age, ancestry, color, disability, domestic or sexual victim status, ethnicity, familial status, gender identity, marital status, national origin, race, religion, retaliation, sex, sexual orientation or source of income.
Philly First Home Program Housing Counseling Agencies Affordable Housing Centers of Pennsylvania 846 N. Broad St. Phila., PA 19130 215-765-1221 www.ahcopa.org
Greater Philadelphia Community Alliance (GPCA) Dixon House 1920 S. 20th St. Phila., PA 19145 215-336-3511 www.ucsep.org
Affordable Housing Centers of Pennsylvania Northeast Office
Greater Philadelphia Community Alliance (GPCA) Huston Center 2029 S. 8th St. Phila., PA 19148 215-468-1645 Ex. 7200 www.ucsep.org
6325 Frankford Avenue, Unit D Phila., PA 19135 215-624-0221 www.ahcopa.org Asociación Puertorriqueños en Marcha (APM) 600 W. Diamond St. Phila., PA 19122 215-235-6070 www.apmphila.org Center in the Park 5818 Germantown Ave. Phila., PA 19144 215- 848-7722 Clarifi 1635 Market St., Ste. 510 Phila., PA 19103 215-563-5665 www.clarifi.org (Call for more locations) Congreso de Latinos Unidos 216 W. Somerset St. Phila., PA 19133 215-763-8870 www.congreso.net Esperanza 4261 N. 5th St. Phila., PA 19140 215-324-0746 www.esperanza.us Greater Philadelphia Asian Social Service Center (GPASS) 4943 N. 5th St. Phila., PA 19120 215-456-1662 www.gpasspa.org
HACE: Central Office 167 W. Allegheny Ave., Ste. 200 Phila., PA 19140 215-426-8025 www.hacecdc.org HACE: Frankford Office 4907 Frankford Ave. Phila., PA 19124 215-437-7861 www.hacecdc.org Intercultural Family Services 4225 Chestnut St. Phila., PA 19104 215-386-1298 www.ifsinc.org Mt. Airy USA 6703 Germantown Ave., Ste. 200 Phila., PA 19119 215-844-6021 www.mtairyusa.org
Northwest Counseling Service 6521 N. Broad St. Phila., PA 19126 215-324-7500 (dial 0) www.nwcsinc.org Philadelphia Chinatown CDC 301-305 N. 9th St. Phila., PA 19107 215-922-2156 www.chinatown-pcdc.org Southwest CDC 6328 Paschall Ave. Phila., PA 19142 215-729-0800 www.southwestcdc.org Unemployment Information Center 112 N. Broad St., 11th Fl. Phila., PA 19102 215-557-0822 www.philaup.org Urban League of Philadelphia 121 S. Broad St., 9th Fl. Phila., PA 19107 215-985-3220 www.urbanleaguephila.org West Oak Lane CDC 1624 Wadsworth Ave. Phila., PA 19150 215-224-8339 www.westoaklanecdc.org
New Kensington CDC 2771 Ruth St., Ste. 1 Phila., PA 19134 215-427-0350 www.nkcdc.org Norris Square Community Alliance 174 Diamond St. Phila., PA 19122 215-426-8734 www.nscaonline.org
Note: agencies subject to change 4/22