Urban League of Philadelphia
Philadelphia - Revitalizing Neighborhoods and Increasing Homeownership Program
Combines a flexible loan product with extensive consumer coaching and financial education to help people who have historically faced challenges trying to become homeowners. Offers the Pennsylvania Housing Finance Agency (PHFA) K-Flex 30-year fixed rate loan, paired with other PHFA loan products for related expenses such as needed home improvements. Offers eligible homebuyers $25,000 grants to apply to the closing costs, and excess grant funds can be used to pay down the borrower’s student loans. Offers additional assistance funds in the form of a 10-year forgivable loan of up to 5% of the sales price are available to eligible borrowers. No mortgage insurance will be required. PHFA will be servicing the mortgage loans for program participants.
Eligibility: A) Residents of Philadelphia County
B) First-time homebuyers purchasing a home in Philadelphia County
C) Have income of $196,200 or less
D) Have liquid assets no greater than $50,000
E) Home purchase price $659,000 or less
Hours: Monday through Friday, 9:00am to 5:00pm
(215) 985-3220
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Phone/FAX Numbers
  • (215) 985-3220
  • (215) 545-2631 - Fax
Email Address: housing@urbanleaguephila.org
Fee Amounts: Borrowers must make a minimum contribution from their own funds that is the lesser of $1,000 or 1% of the loan amount.
Intake Procedure: Referral from Congreso de Latinos Unidos, Hispanic Association of Contractors and Enterprises (HACE), or Urban League of Philadelphia required. Call or email for information.
Geographical Area: Philadelphia County
Helpful Tips: Program has a limited amount of funds available.
Additional Services Offered at this Location:
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Urban League of Philadelphia
Philadelphia - Revitalizing Neighborhoods and Increasing Homeownership Program
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