Six New Homes in South Philadelphia's Point Breeze Neighborhood

Six new-construction homes now grace an area targeted as an eyesore of vacant, blighted properties in the Point Breeze neighborhood of South Philadelphia. The project represents the largest homebuilding project ever for sponsor Habitat Philadelphia. The project received an FHLBank Pittsburgh Affordable Housing Program (AHP) grant of $123,499 through FHLBank member Santander Bank, N.A. The newest homeowners, Aisha and Sekou, devoted more than 350 hours of “sweat equity” in lieu of a down payment, have shown a need for housing, and have the financial stability to repay a zero-percent-interest, 30-year mortgage.