Philadelphia HomeBuyNow

Philadelphia Home.Buy.Now is an employer-assisted housing program funded by the City of Philadelphia’s Division of Housing & Community Development, and administered by the Community and Economic Development (CED) Department of the Urban Affairs Coalition (UAC).

Philadelphia Home.Buy.Now is designed to:

  • Enable employers to better recruit and retain employees by helping these employees become homeowners.
  • Give employers another tool with which to improve the communities surrounding their facilities.
  • Initiate more home sales within the City of Philadelphia.
  • Reduce barriers for employees to become homebuyers.
  • Establish neighborhood stability by creating more renters to become homeowners.
  • Increase collected tax revenue from purchased homes.

Program Features

Philadelphia Home.Buy.Now provides participating employers with a menu of housing-related benefits to offer to their employees. The key feature of Philadelphia Home.Buy.Now is the financial assistance provided by an employer to their employee, making the employee eligible for an $8,000 interest-free loan through the Pennsylvania Housing Finance Agency (PHFA) to help cover down payment and closing costs. The program also offers onsite homebuyer workshops, discounted housing services and linkages to other housing programs.

EXAMPLE:

After two years of service, George is now eligible for his employer's housing benefits program that provides a one-time $2,000 grant to purchase a home in Philadelphia. Philadelphia Home.Buy.Now works with George through the home buying process, providing insight and guidance while choosing a real estate agent and obtaining a mortgage. Thanks to George's employer's contribution, he is now eligible for a $8,000 interest-free loan through PHFA for downpayment and closing costs on a new home. Philadelphia Home.Buy.Now has helped George leverage his employer’s contribution to receive even more financial assistance to purchase a home within Philadelphia close to his work location.

Participating Employers

Philadelphia Home.Buy.Now is available to any organization within Philadelphia city limits. Each organization has the opportunity to decide their specific targeted zipcodes for the home purchase benefit.

  • Cancer Treatment Centers of America
  • Diamond and Asssociates
  • Drexel University
  • Energy Coordinating Agency (ECA)
  • Fleisher Art Memorial
  • Horizon House
  • Keller Williams Realty Center City (Atacan Group)
  • NewCourtland Elder Services
  • Nochumson PC
  • Philadelphia Energy Authority
  • Re:Vision Architecture
  • Saint Joseph's University
  • Studio Incamminati
  • Temple University
  • Tommy D's Home Improvement
  • Univ. of Pennsylvania
  • Weaver's Way

Interested Applicants

Philadelphia Home.Buy.Now is available for all individuals employed by participating employers. Please speak with your Human Resources department at your employer for more information about your Philadelphia Home.Buy.Now home purchase benefit.

Participating Employers

If your organization would like to join the Philadelphia Home.Buy.Now network, please reach out to Jojy Varghese at 215-851-1738 or jvarghese@uac.org.