Change to Penn’s Home Ownership Program

New Matching Grants Through the Home•Buy•Now Program

Penn Home Ownership Services has joined with Philadelphia Home•Buy•Now to provide matching grants up to $4,000 to eligible Penn employees for the purchase of a home.  Home•Buy•Now is an employer assisted housing program which provides matching grants to partnering companies employees, for the purchase of a home.

Home•Buy•Now  grants can be used with Penn’s Enhanced Forgivable Loan Program’s payment of $7500, allowing eligible University and Health System employees who purchase homes in the program’s boundary area to receive up to $11,500 toward closing costs .

Additionally, this grant can be used with Penn’s Closing Cost Reduction Program which now provides a payment of $2,000 from Penn toward closing costs. Eligible University and Health System employees who purchase a home in the Closing Cost Reduction Program area can receive a matching grant from Philadelphia Home•Buy•Now for $2,000 toward closing cost, for a total of up to $4,000 in assistance.

Please note: Individuals who take advantage of both the EFL and CCRP are only eligible for one grant of $4,000 from the Home•Buy•Now program.

Other services of the Philadelphia Home•Buy•Now program include discounts for housing related services for Philadelphia Home•Buy•Now participants and housing related workshops. For more information about Philadelphia Home•Buy•Now, contact Christopher Waters at 215-851-1955 or cwaters@uac.org.