Philadelphia Housing Authority - Housing Choice Homeownership Program
Provides assistance and counseling to homeowners to help make monthly mortgage payments for a maximum term of 15 years on a mortgage loan of 20 years or more. Mortgage loans for less than 20 years may be subsidized for a maximum term of 10 years. Program available to HUD's Housing Choice voucher recipients.
Related Services
Physical Address
2013 Ridge Avenue, Philadelphia, PA 19121
Hours
Monday through Friday, 9:00am to 3:00pm.
Voice
Application process
Call for information.
Fee
Call for more details.
Eligibility
A) First time homebuyer B) Families that own or are acquiring shares in cooperative C) Families that have completed Pre-Purchase Housing Counseling D) Minimum income requirements ($14,500 per year; $6,624 per year for families with disabled members) E) Minimum 1 year employment requirement, at least 30 hours a week (disabled/elderly exempt) F) No felony crime in the past 5 years- No fraud using federal money G) Home must pass 2 Inspections, one by an inspector who is certified by the American Society of Home Inspection and a PHA Inspection
Service area
Philadelphia, PA
Agency info
Philadelphia Housing Authority
Develops, acquires, leases, and operates affordable housing for city residents with limited incomes.