February 28. 2024
Philly’s racial wealth gap is wider now than in 1960. This article looks into why that is the case and features programs like our own Turn the Key program. Check Out the Article
The AGFE union (American Federation of Government Employees) helped a local member navigate the homebuying process by offering down-payment assistance and a loan (with no private mortgage insurance, to boot). Check Out the Article.
Developments like these can help bring more Black and brown homeowners to the area, says one local developer. Check Out the Article
2023
December 5, 2023
More affordable homes are coming to West Philadelphia thanks to the city’s Turn the Key program, which helps put vacant, publicly owned land back into use. Check Out the Article
November 29, 2023
“Community banks play a critical role in forging a path to fair and equitable housing for as many people as possible. In close collaboration with nonprofits, local governments, and dedicated developers, financial institutions like Penn Community Bank can serve as catalysts of change,” said Bernard Tynes, Penn Community Bank Chief Marketing and Impact Officer. Check Out the Article
October 26, 2023
Growing up in Germantown, Alexis Smith-Williams heard a constant refrain from her mother and grandmothers: Buy your own house. “That was something they always talked to me about, Alexis, buy yourself a house,” Smith-Williams recalls. “Since the time I was grown, it was always, Buy yourself a house.” Check Out the Article
The Philadelphia Inquirer, September 7, 2023
The first Turn the Key (TTK) home is complete! A Philadelphia Water Department employee will live in this rowhome near 4th and Snyder in South Philly. This program assists first-time homebuyers by subsidizing mortgages for homes developed on city-owned land. The goal is to build 1,000 homes. So far, 631 have been approved and 277 are under construction in Brewerytown, Grays Ferry, Port Richmond, Sharswood and West Poplar. Check Out the Article
2022
July 5, 2022
The Neighborhood Preservation Initiative will give buying preference to Philly municipal workers looking to become homeowners for the first time. Check Out the Article
November 24,2023
The ribbon was cut, celebrating the availability of 26 new affordable housing units in the Grays Ferry neighborhood of South Philadelphia. Check Out the Article
April 30, 2022
A new city program, known as, appropriately enough, “Turn the Key” will provide 1,000 affordable houses through City Council’s Neighborhood Preservation Initiative (NPI). Check Out the Article