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In November 2007, Community Ventures and Francisville Community Development Corporation began the renovation of seven houses in the Francisville neighborhood:
- 824 North 20th Street Sold
- 820 North Capitol Street Sold
- 854 Perkiomen Street
- 1831-33 Poplar Street
- 744 North Uber Street Sold
- 760 North Uber Street Sold
- 849 North Uber Street Sold
The houses will be complete and ready for move-in after a construction period of nine to twelve months. All of the houses will be completely renovated with the following features:
- All new kitchens
- All new bathrooms with ceramic tile floors and tub surrounds
- Each house will have three bedrooms and two full bathrooms
- New hardwood floors in the living and dining areas
- All new electrical wiring with 200 amp service
- All new plumbing
- New high-efficiency, gas-fired, hot-air furnace and ductwork
- High insulation values and other energy efficient features
- Central air conditioning
- Lots of closet space
- All new windows
- New rubber roof with ten-year warranty
- Renovated or completely new facades
- Complete structural renovation
- One-year warranty on the entire house!
Grants are available to assist with settlement and downpayment costs through the American Dream Downpayment Initiative, which provides up to 6% of the purchase price to qualified buyers.
Like to Know More?
or call Alaine Taylor at (215) 564-6004.
Some Restrictions Apply
(1) Buyers will have to be "first-time homebuyers," defined in the applicable regulations as persons who have not owned their home within the past three years.
(2) Buyers will need to meet "Moderate Income" restrictions, which are based on family size. The maximum household income limits for 2008 are as follows:
- 1 Person - $41,600
- 2 Persons - $47,550
- 3 Persons - $53,500
- 4 Persons - $59,450
- 5 Persons - $64,200
- 6 Persons - $68,950
(3) Buyers will have to live in the house they purchase, and they may NOT rent the houses.
(4) If buyers choose to sell within 15 years, they will need to sell to another "moderate income" buyer.
(5) If buyers choose to sell within five years, they will need to split any profit on the sale with the Redevelopment Authority.