Tax Credit
Grant
University Of Pennsylvania
The University of Pennsylvania established a $7,500 forgivable loan as an incentive for faculty and staff interested in living and/or currently residing in the West Philadelphia community. These loans can be used for closing costs, down payment, to buy down points, and/or for interior or exterior home improvements. In addition, the loan can be used to convert a property from a multi-family to a single-family residence. Existing home owners may apply for the $7,500 loan for improvements to houses that meet the program's criteria.