Mortgage Foreclosure Prevention Program marks Fifth Anniversary - saves 5,700 homes

Richard Cordray (at podium), Director of the Consumer Financial Protection Bureau, recognizes the fifth anniversary of the Mortgage Foreclosure Prevention Program at City Hall on June 12, 2013. Cordray joined Judge Annette Rizzo, OHCD Director Deborah McColloch and two Philadelphians who saved their homes to mark the 5,700 homes saved since the program began in June 2008.

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OHCD's Year 39 Proposed Consolidated Plan reported by City Council

On June 6, City Council's Finance Committee favorably reported the Year 39 Proposed Consolidated Plan. The Finance Committee also amended the Year 39 budget to reflect the City's Year 39 allocations of CDBG, HOME, HOPWA and ESG funds. HUD had not notified the City of its allocations prior to submission of the Proposed Plan to Council. Council also revised the ordinance authorizing the Plan to reflect the revised allocations. 

Click here to review the amended Plan. Note that only the budget, the ordinance and selected schedules have been updated. Tables 3A, 3B and 3C will be updated prior to submission of the Plan to HUD. 

OHCD Issues Housing Trust Fund Report

OHCD has issued its Housing Trust Fund (HTF) Report for Fiscal Year 2012. In FY 12, the HTF created 230 new affordable homes, repaired or rehabilitated more than 3,200 homes and heaters, prevented 573 people from becoming homeless, leveraged
$53 million in non-city resources, and led to the employment of more than 1,500 construction workers.

Click here to read the FY 2012 Housing Trust Fund Report.

Homes for Sale

Philadelphia offers a wide variety of new construction and renovated homes affordable to low- and moderate-income families.

Click here for a listing.

Carol Ann Campbell Residences celebrates ribbon cutting

On May 18, 2013, in West Philadelphia on the 5500 block of Vine Street, Liberty Resources Inc. celebrated the opening of the Carol Ann Campbell Residences at Liberty Square, 13 new, one-bedroom apartments for residents with physical disabilities.

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