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For over 12 years, The Partnership CDC has worked to rehabilitate and
restore vacant property to create decent housing for low and moderate
income families in West Philadelphia. Rather than try to interfere with
market forces, the CDC seeks to empower individuals through education
and to provide access to funding so that local residents can build their
own wealth through homeownership. Our Housing Counseling program often
works with buyers to address credit issues and prepare them for homeownership.
Where rapid gentrification has occurred, The CDC has invested in a modest
rental portfolio to maintain affordability for local residents. We are
also working in partnership with local neighborhood groups to address
the stubborn problems of abandoned and dilapidated properties that persist
in our service area.
Our organization understands the importance of creating affordable homes
as well as preparing homebuyers to invest in the community as a long-term
solution to the economic disinvestment in our city. Construction costs
to rehabilitate neglected housing stock in the city typically far exceed
the price at which they are sold to low income families. As a result,
The Partnership CDC relies on donations and uses innovative challenge
grants to leverage funds to rehabilitate homes.
Placing families in newly rehabilitated homes-- while educating these
families on how to maintain and protect their investment-- not only fulfills
personal dreams, but stabilizes neighborhoods and strengthens the city.
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