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Southwest Philadelphia - Renovated Rowhomes
2129 and 2133 S. Cecil Street priced at $63,000 each
(details below)
2041 S. Cecil Street priced at $70,000 (details below)
 
Features
2-story renovated rowhouses
2041 has
3 bedrooms, 1.5 baths
2129 and 2133 have
2 bedrooms, 1 bath
10-year tax abatement
Energy-efficient construction: R30 insulation in ceilings, R13 insulation in walls
Insulated steel exterior doors
Gas heat
Central air conditioning
Modern kitchen with gas range
New rubber roof with warranty
New double-glazed, vinyl windows
New electrical system
New energy-efficient plumbing and heating systems
Full basement
Hookups for washer/dryer (no appliances included)
Wall-to-wall carpeting
Fenced backyard
Monthly mortgage approximately $390 (for 2129 and 2133)
Down payment as low as $2,205 (for 2129 and 2133)
First-time buyers only
Income guidelines apply (see below)
American Dream Downpayment Initiative (ADDI) available for qualified buyers in the amount of $3,780.
Click here for the ADDI program
Directions from Center City:
By SEPTA: From Market and Juniper Streets, take Trolley 11 (labeled Darby Terminal) to 58th Street and Woodland Avenue. Walk one block east to South Cecil Street.
By car: From John F. Kennedy Boulevard, turn left onto North 20th Street. Turn right onto Market St. /PA-3. Turn left onto Schuylkill Avenue /PA-3. Continue to follow Schuylkill Avenue. Merge onto I-76 E toward I-95/Airport/Sports Complex. Take University Avenue exit, Exit 346B, toward Grays Ferry Avenue. Keep left at the fork to go on South 34th Street. Turn right onto Grays Ferry Avenue. Turn right onto South 48th Street. Turn left onto Woodland Avenue. Turn right onto South Cecil Street.
Program Guidelines
Program Eligibility Criteria
A. Proof of income (current pay stub, SSI award letter, etc.) must be presented at time of application.
B. Applicant must have good employment, credit and rental reports (without a history of slow payment) to secure a mortgage. Failure to disclose all credit history may disqualify the applicant.
C. Applicant must have available sufficient cash assets to make property settlement. Upon notification of selection, the applicant must present proof of an established bank account with a minimum of $500 before the Agreement of Sale can be signed. This minimum will be considered a deposit toward a down payment and the prepayable costs.
D. Applicant must have sufficient cash assets to maintain fire insurance, water and sewer rents and real estate taxes.
E. Applicant cannot currently own residential property or have owned property in the past three years.
F. Applicant is required to occupy and reside in the property. Resale restrictions apply.
G. If purchasing for cash, the applicant must present documentation of the original source of funds proposed to be used.
Application Process
A. Expression of Interest forms are available from: Philadelphia Housing Development Corp., 1234 Market St., 17th Floor, Philadelphia PA 19107, www.phdchousing.org
B. Up to five qualified applicants will be selected for interviews for each property.
C. Applicants will be notified by letter of appointment date and required documentation. At the time of your interview, bring a non-refundable money order in the amount of $25 to cover the cost of a credit report.
D. Failure to disclose all credit history may result in the disqualification of the applicant.
Income Eligibility Chart
Household Size |
Maximum Annual Eligible Income |
1 |
$44,950 |
2 |
$51,400 |
3 |
$57,800 |
4 |
$64,200 |
5 |
$69,350 |
6 |
$74,500 |
7 |
$79,650 |
8 |
$84,750 |
(Income guidelines subject to change)
Selection Process
Selection usually occurs within 90 days from the date of application.
Applicants are selected according to the following criteria:
A. Applicant must meet income criteria (see chart above).
B. Applicant's income must be sufficient to meet the expense of the property requested.
C. Applicant must have demonstrated ability to manage personal finances.
D. Primary consideration will be given to applicants who have good credit, rental and employment histories, along with an established savings account with a minimum of $500 and the ability to make escrow toward the down payment.
E. If purchasing for cash, prior to selection, the applicant must present documentation of the original source of funds proposed to be used.
It is the policy of the City of Philadelphia to provide services without regard to race, color, religion, sex, sexual orientation, having AIDS or being perceived to have AIDS, national origin, ancestry, physical handicap or age.
For more information call 215-448-3139
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