Philadelphia's Turn the Key program sells its 100th affordable home for first-time buyers.

Philadelphia's Turn the Key program has successfully sold its 100th home, aimed at providing affordable housing for first-time buyers. Launched in April 2022, the initiative plans to create 1,000 price-restricted homes using city-owned land, with funding from a $400 million neighborhood preservation initiative. Eligible buyers can receive up to $85,000 in assistance. TTK homeowners typically pay around $1,300 monthly, significantly less than the city's average rent of $1,800.

September 07, 2024
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