As a response to the elimination of several first-time homebuyer grants for residents in the Philadelphia area, PhillySEEDS created the Homeownership Closing Cost Assistance program to help residents purchase their first home. This program is coordinated through PHA’s Homeownership Program and PhillySEEDS offers a one-time dollar-to- dollar match of residents’ savings to be applied toward their closing costs. The maximum match amount is $2,000, subject to funding availability, and the program requirements are:
NO ONLINE APPLICATIONS ACCEPTED – email [email protected] to apply
The Homeownership Closing Cost Matching Grant will continue to support PHA residents’ dreams of home ownership. When residents gain financial wealth and independence through real estate ownership and have the ability to pass that wealth down to their family members, we strengthen our entire community.
Increased residential investment activity can rapidly transform neighborhoods and spur economic growth in communities. Knowing this, PHA through various partnerships, grants, and savings programs, assists potential homeowners with opportunities to improve credit scores, housing counseling, and in obtaining mortgage products for future home purchases.
I received a flyer in the mail about an informational seminar in which I attended and heard about the PhillySEEDS program. I was already in the process of becoming a homeowner and this information came right on time. After applying, I met with staff there and was assigned to a worker. Ms. Cheryle Smalls was truly pleasant to work with and was genuinely invested in me becoming successful and meeting my goal. I received $2,000 in assistance towards the closing costs on my home. I am truly grateful to Ms. Smalls and the PhillySEEDS program for their tremendous help with me becoming a homeowner.