A special milestone was celebrated for a program that makes homeownership a reality for so many in Philadelphia.
Philadelphia celebrated the 100th Turn the Key home that was sold to a North Philadelphia woman.The initiative puts income-qualified first-time home buyers into newly constructed homes by offering up to $85,000 to buyers as a mortgage buy-down and down payment or settlement assistance.Kenya, from North Philly, bought the 100th TTK home on North Marston Street where there are 31 other houses in the program.
The project is being funded through the $400 million neighborhood preservation initiative."The City of Philadelphia had vacant lots all over not producing any revenue, creating flighted conditions in neighborhoods and to be able to use that land and turn it into homeownership, affordable homeownership in the City of Philadelphia is awesome," said Clarke.
Pa Philadelphia News Consumer Real Estate Consumer
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Guardians play turn-turn-turn in coming from behind to beat Pirates, 10-8Emmanuel Clase set the franchise save record, but Josh Naylor limped off the field in the eighth inning.
Read more »
Solana (SOL) Skyrockets Above $150: What's Next?Solana is above key resistance level and things may turn out better than expected
Read more »
Houston Rockets: Can AJ Griffin Jr. Recapture the Success of his Rookie Season?Can Adrian Griffin Jr. turn turn around his career with the Rockets?
Read more »
Student Loans Didn't Stop Me From Achieving My Homeownership Dreams, Thanks to This Federal ProgramMy story is a testament to the fact that homeownership can be within reach for many people who currently feel shut out.
Read more »
Zillow offers 7 'renter-friendly' home improvements amid high costs of homeownershipWith the cost of homeownership rising, some folks might be stuck renting for longer than they expected.
Read more »
How Gen Z outpaces past generations in the homeownership rateIn 2023, the homeownership rate for adult Gen Zers was higher than the homeownership rate for millennials and Gen X when they were 24, according to Redfin.
Read more »