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Disposition
This Disposition section is for developers
who need public assistance to complete site assembly for a development. It shows the ways
land/property is transferred to a developer. We can guide you through
the process.
For real estate ownership
information: Contact: 215-686-9270
Board of Revision of Taxes brtweb.gov
Eligibility Requirements RDA-Owned Property
The RDA manages and makes available to the public two inventories of
real estate: RDA-owned properties and City-owned surplus properties.
These include both vacant lots and vacant structures. Most of the structures
are attached row-style houses in need of substantial rehabilitation
in order to be habitable. The properties may be made available to individuals,
businesses or organizations at fair-market value.
The prospective applicant must provide improvement
plans and demonstrate the financial capability to rehabilitate the property.
Project plans and financing are subject to review and approval by the RDA
Board and City Council. Once approved, the property can be transferred for fair-market
value, provided the applicant agrees to complete the project as approved.
Improvement plans can be as simple as turning a vacant lot into a sideyard
or community garden or as complex as rehabilitating a vacant structure
for residential or commercial use.
The RDA does not provide funds for property
rehabilitation in conjunction with the disposition of these properties.
Developers of affordable housing may be eligible for financing through
one of the affordable housing programs.
Contact: 215-854-6500, RDA
Disposition of RDA-Owned Property
Outlined below is the RDA’s process when disposing of property
currently in its ownership.
- RDA and developer enter agreement on redevelopment
plan;
- RDA and developer determine cost of property
and settlement date;
- Proposed agreement reviewed and approved
by RDA Board, City Planning Commission and City Council;
- RDA prepares deed for transfer to developer;
- City/State real estate transfer tax prepared;
- Developer and RDA sign Settlement Sheet including
Consideration Amount, Service Fees, and applicable Transfer Tax, Deed
and Deed Covenant;
- Fees and taxes paid by developer;
- Transaction recorded and deed sent to developer.
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City Property/VPRC Application Form
This application is submitted to purchase City of Philadelphia owned land for development, pursuant to the terms and provisions of Chapter 16-400 of the City Code. You must also complete and return the accompanying Conflict of Interest Disclosure. These forms are available in Acrobat Reader format. Please click here to download these forms. They are also available in Spanish. Click here
Contact Information: If you have any questions about how to fill in this application, please call 215-209-8612.
City-Owned Property, Surplus
The administrative functions of Vacant Property Review Committee (VPRC)
(a City Council sub-committee) are centralized at OHCD. City-owned structures
and lots declared surplus by the Department of Public Property may be
made available to eligible applicants pursuant to Chapter 16-400 of the City Code. VPRC is the process by which such properties
are acquired and conveyed. Acquisition may take the form of Sheriff Sale, Donor/Taker
and/or Donation. Properties acquired are conveyed either at nominal
cost or for fair-market value, depending upon income, reuse intent and
other criteria.
PHDC-Owned Property
The Philadelphia Housing Development Corp. (PHDC) owns houses and lots
that are available to the public. The Acquisition-Disposition Committee
meets weekly to review and approve applications. Properties are sold
at fair-market value in “as is” condition. Information required
includes:
- development entity’s corporate structure;
- development proposal showing scope of work
including preliminary architectural plans;
- development proforma including budget, source
of financing, operating plan and cash flow analysis;
- letters of support from local community groups
and elected officials;
- PHDC conflict of interest statement; and
- statement of no pending or threatened litigation.
Contact: 215-448-3125, Deputy Director, PHDC
Other Agencies Owning Property
Other public agencies that own and dispose of property in the City include:
U.S. Department of Housing
and Urban Development (HUD)
Contact: 215-656-0500
www.hud.gov
Philadelphia Industrial Development Corp.
(PIDC)
Contact: 215-496-8020
www.pidc-pa.org
Philadelphia Housing Authority (PHA)
Contact: 215-684-8237 Asset Management
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