Restore, Repair, Renew is an initiative of the City of Philadelphia to help Philadelphia homeowners access low-interest loans to invest in their properties. Lenders participating in the program are offering 10-year, 3% fixed Annual Percentage Rate loans that range from $2,500 to $24,999 to eligible homeowners. Restore, Repair, Renew loans can fund a range of home repairs that focus on health, safety, weatherization, accessibility, and quality of life. The goal of the program is to help Philadelphians improve their homes and strengthen their communities.
It has been one year since the launch in March 2019 of Restore, Repair, Renew, the Philadelphia Neighborhood Home Preservation Loan Program. We have analyzed the data for the last year, and complied it in a report. This Restore Repair Renew Annual Report 2019-2020 outlines how we have helped Philadelphians across the City with necessary home repairs, the work of our great partners, and why a program like this is vital now more than ever.
To apply for the program please visit the Restore, Repair, Renew page of this website.