Philadelphia Home Buy Now Program Featured in Philadelphia Department of Commerce

December 27, 2013


The Urban Affairs Coalition was recently featured in the Philadelphia Department of Commerce Newsletter for the Home Buy Now Program. The Home Buy Now Program recently provided a grant to its 100th homeowner Melissa Kim, Director of Economic Development at the Village of Arts and Humanities. Kim was given a matching grant of $2,000 from her employer in order to purchase her home.


UAC manages the Philadelphia Home Buy Now program which has provided over $387,000 in matching grants to 117 employees of 23 participating employers. The Home Buy Now Program has leveraged over $25 million in home sales in the City of Philadelphia. Sixty percent of the grants have gone to low-to-moderate income households providing them with an opportunity at home ownership. The program serves to attract and retain quality employees, reduce staff turnover, and enhance the employer's community development efforts.