Philadelphia Loan Program Supports Home Repair
Philadelphia preserves affordable housing by investing $40 million into a new Housing Preservation Loan Program that will provide low interest loans of as much as $25,000 to fix up aging homes.
"Starting this summer, the city is launching a low-interest loan program that aims to give homeowners as much as $25,000 to fix up their aging homes," reports Caitlin McCabe.
"The initiative — born out of city legislation passed in 2016 and called the Housing Preservation Loan Program — aims to give residents who have struggled to get loans a new chance at borrowing. For years, homeowners who had less-than-perfect credit scores — and who were not eligible for city grants — were forced to sideline major repairs, worsening their home’s problems."
More information is reported in the source article.
Published on Thursday, January 18, 2018 in
Topics
- Infographic: Space Allocation by Population in 15 U.S. Cities
- A 20-Year To-Do List for Cities
- The Argument Against Home Ownership
- Does the Plan to Revitalize a D.C. Canal Too Much Resemble the High Line?
- Study: Not All Gentrification Effects Are Equal
- Research: Transit Times Determine Social Networks
- U.S. Economic Growth Shows Urban-Rural Divide
- Report Makes Business Case for Vancouver-to-Portland High Speed Rail
- The Great O'Hare Race (And its Discontents)
- Moving People Out of Flood Zones Is a Win-Win Strategy
- Another Berkeley 'First': Banning Natural Gas Lines in New Buildings
- An 'Urban Orchard' Next to the Los Angeles River
- Austin Mulling New Incentives for Transit Riders
- 'Urban Green Spaces': A Book for Planners and Laypeople
- The Myth of the 'Childless City'
- After a Bus Kills a Scooter Rider, Two Councilmembers Call for Complete Streets
- A Complete Streets Building Spree in Philadelphia
- Home Improvements Expected to Slow Substantially in the Upcoming Year
- As More 'Superstar' Cities Emerge, the Gap With Other Cities Grows
- Advocates Press for Harder Questions While Pittsburgh Experiments With Self-Driving Cars
