05/04/2022
Philadelphians who want to become homeowners can start applying for down-payment assistance grants from the city, officials said Monday.
Philadelphia has reopened its Philly First Home program, which gives grants of up to $10,000 to help first-time home buyers with down payments and closing costs. The city closed the program in September 2020 after running out of funds. But it’s bringing the program back with about $55 million from the Neighborhood Preservation Initiative.
The funds are expected to help about 7,000 home buyers over the next few years. About $14 million will be allotted for the program annually.
