Philly First Home Program

Philly First Home Program es una subvención para compradores de vivienda en Philadelphia, Pennsylvania, a cargo de Philadelphia Housing Development Corporation (PHDC). A City of Philadelphia homebuyer assistance grant of up to $10,000, or 6% of the purchase price, whichever is lower. Funds may be applied to principal reduction, down payment and loan closing costs. Open to first-time buyers — including anyone who has not owned a home in the past three years — purchasing a single-family home or duplex inside Philadelphia. Condominiums are not eligible. One-on-one homeownership counseling through a City-funded housing counseling agency must be completed BEFORE the Agreement of Sale is signed, which is the step buyers most often miss. The grant is not free and clear: the City states it must be repaid if the buyer moves or refinances before living in the home for 15 years. Up to $10,000 (or 6% of purchase price, whichever is lower) toward principal, down payment and closing costs. Grant, not a monthly payment — but repayable if you move or refinance within 15 years. Counseling is free and City-funded. Income limits scale with family size with no household-size cap. Program materials published in English, Spanish and Simplified Chinese. Los fondos provienen de City of Philadelphia — Department of Planning and Development, Division of Housing and Community Development (DHCD), administered by PHDC.

Philly First Home Program ofrece hasta $10,000 de ayuda. El programa se puede combinar con Explicitly bundled with Turn the Key: PHDC advertises up to $75,000 in Turn the Key mortgage buydown assistance plus up to $10,000 from Philly First Home on a newly built TTK home. Other homebuyer grants may be combined, but PHDC asks buyers to confirm compatibility with their housing counselor. A City-funded counseling agency (New Kensington CDC) states Philly First Home cannot be combined with First Front Door or the PHFA K-FIT grant; that exclusion is not corroborated on any City or PHDC page — treat as unconfirmed. Los montos son los máximos publicados por el programa, no una oferta: Philadelphia Housing Development Corporation (PHDC) determina cualquier ayuda individual.

Philly First Home Program está estructurado como una subvención, así que no se devuelve. El reembolso se activa por The City of Philadelphia states the grant must be repaid if the buyer moves or refinances before living in the home for 15 years. The City does not publish whether repayment is prorated or whether a lien or second mortgage is recorded — confirm with DHCD (215-686-9749) or a City-funded housing counselor. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Philly First Home Program está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: Buyers who have not owned a home in the past three years also count as first-time buyers. Sobre el crédito, el programa indica: Not published by PHDC; the first-mortgage lender sets credit requirements. Se requiere un curso de educación para compradores de vivienda, a través de One-on-one counseling at a City-funded housing counseling agency, required before the Agreement of Sale. Agencies on the 3/26 flyer: Affordable Housing Centers of Pennsylvania (Main, West Philadelphia, Northeast); Asociacion Puertorriquenos en Marcha (APM); Center in the Park; Clarifi; Congreso de Latinos Unidos; Esperanza; Greater Philadelphia Alliance Social Service Center (GPASS); Greater Philadelphia Community Alliance (GPCA) Houston Center; Dixon House; HACE (Central and Frankford); Intercultural Family Services; Mt. Airy CDC; New Kensington CDC; Northwest Counseling Service; Philadelphia Chinatown Development Corporation; Southwest CDC; Unemployment Information Center; Urban League of Philadelphia; West Oak Lane CDC; Xiente. Agencies are subject to change — the flyer is the current list. Counseling must be completed BEFORE signing the Agreement of Sale — counseling completed afterward does not qualify. The Agreement of Sale must be signed by both homebuyer and seller. Condominiums are not eligible. Apply through a City-funded housing counseling agency; bring total annual family income, the source of that income (employment, SSI, DPA, etc.) and the number of family members who will live in the home. REPAYMENT: the City states the grant must be repaid if you move or refinance before living in the home for 15 years — this is published on phila.gov but does NOT appear on the PHDC program page or the 3/26 flyer, so buyers reading only PHDC materials will not learn the grant is repayable. Still unpublished by any official source: whether repayment is full or prorated, whether a lien or second mortgage is recorded, any minimum credit score, any maximum purchase price, any eligible-loan-product list, and any participating-lender restriction. The PHDC application-process page publishes the steps only as a Road Map graphic/PDF, not as text.

Philly First Home Program limita el ingreso del hogar al 100% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Gross income for all family members who will live in the home, against the City of Philadelphia's 100% AMI schedule (DHCD) — the same schedule that governs Turn the Key. Maximum annual household income by family size: 1 — $85,900; 2 — $98,200; 3 — $110,500; 4 — $122,700; 5 — $132,600; 6 — $142,400; 7 — $152,200; 8 — $162,000; each additional person adds $9,800 (there is no maximum household size). The $122,700 stored in income_limit_amount is the 4-person figure. DHCD does not publish an effective year or HUD MSA name with this table. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Philly First Home Program limita el precio de compra así: No published maximum purchase price. The grant is the lower of $10,000 or 6% of the purchase price. Los tipos de propiedad elegibles incluyen Single Family y Duplex (2-unit).

Philly First Home Program atiende a compradores de vivienda que compran en Philadelphia, Pennsylvania.

Las solicitudes de Philly First Home Program se tramitan a través de Philadelphia Housing Development Corporation (PHDC), que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Apply through a City-funded housing counseling agency. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.