Community and Economic Development Committee

Date: 
October 17, 2014

The Urban Affairs Coalition's Community and Economic Development (CED) Committee recently released a report about the phenomenal impact of its Home Buy Now program. Philadelphia Home Buy Now (PHBN) creates value in multiple ways for all stakeholders of the program. It is a revenue generator for the City of Philadelphia, making a substantial return of 160 percent annually for every grant dollar provided. Here are some benefits for participants and employers.

  • Participants save $2,400 per year on commuting costs
  • Employers experience incresed retention and more productive employees
  • Communities benefit from a growth in citizen engagement
These advantages for participants, employers and communities support Philadelphia's Home Buy Now unique model of sustainability, proving to be beneficial for the City of Philadelphia.