Philadelphia Home Buy Now Program Featured in Philadelphia Department of Commerce

Date: 
December 27, 2013

 

The Urban Affairs Coalition was recently featured in the Philadelphia Department of Commerce Newsletter for the Home Buy Now Program. The Home Buy Now Program recently provided a grant to its 100th homeowner Melissa Kim, Director of Economic Development at the Village of Arts and Humanities. Kim was given a matching grant of $2,000 from her employer in order to purchase her home.

 

UAC manages the Philadelphia Home Buy Now program which has provided over $387,000 in matching grants to 117 employees of 23 participating employers. The Home Buy Now Program has leveraged over $25 million in home sales in the City of Philadelphia. Sixty percent of the grants have gone to low-to-moderate income households providing them with an opportunity at home ownership. The program serves to attract and retain quality employees, reduce staff turnover, and enhance the employer's community development efforts.