Philadelphia Neighborhood Home Preservation Loan Program

Philadelphia Neighborhood Home Preservation Loan Program

Restore, Repair, Renew is a new initiative of the City of Philadelphia and Philadelphia Redevelopment Authority (PRA) to help Philadelphia homeowners access low-interest loans to invest in their properties. Lenders participating in the program are offering 10-year, 3% interest loans that range from $2,500 to $24,999 to eligible homeowners.

Restore, Repair, Renew loans can fund a range of home repairs that focus on health, safety, weatherization, accessibility, and quality of life. The goal of the program is to help Philadelphians improve their homes and strengthen their communities.

Who Can Apply? *

  • Whose primary residence needs repairs
  • With credit scores above 580
  • With homeowner’s insurance
  • Who have paid their property taxes or are in a payment agreement with the City

*Additional underwriting criteria: Borrowers must have a loan-to-value ratio at or below 105% of after rehab-value and a back-end debt-to- income ratio at or below 43%.

Household Size Household Income
1 $73,440
2 $84,000
3 $94,440
4 $104,880
5 $113,280
6 $121,680
7 $130,080
8 $138,480

Call 215 866-5200 or complete the following brief questions to be contacted about our program:

Sign up here to be contacted with more information

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