PHILADELPHIA — November 17, 2023 —Friday, PHDC and the City of Philadelphia celebrate Turn The Key’s expansion across the city with a ceremonial ribbon-cutting. Turn the Key is a public-private partnership funded through the City’s Neighborhood Preservation Initiative to help up to 1,000 Philadelphia families become first-time homebuyers. City of Philadelphia employees get first preference.
“The Turn the Key Program is working,” said David Thomas, President & CEO, PHDC. “If you are a middle-income, working-class Philadelphian and you want to buy a home, this current market can be challenging. The housing stock is limited, and many of the homes that have been renovated or newly built are out of the average resident’s price range. This program gives an opportunity for working individuals and families, many who serve the City of Philadelphia, the option to buy a brand new home while paying lower than what they may be currently be paying in rent! This program is a win-win for everyone-the city and the residents.”