Updated about 2 years ago on . Most recent reply
Philadelphia Land development program
Does anyone investing in Philadelphia have insight into buying land through PHDC land development program? My father owns a property that is next to a vacant lot. Initially I was going to apply for a side/year yard however, there is a stipulation that you cannot sell or build on it. My intent anyway was to demolish my dad's property and build a new building with units. I would love to buy through the city and do an affordable housing project. I am a very new investor but am not afraid of the hard work that might need to be put in. I just want to know if there is anyone with experience that could steer me in the right direction. Also, do you know how I could get the city to fund a project like this? I know the city offers funding to minority developers. Anything helps! Thank you.