COVID-19 Real Estate FAQs
As GPAR members reach out to us about COVID-19 and the real estate industry, we will post frequently asked questions and answers here. Please visit PAR’s website for more FAQs.
- The City of Philadelphia office that handles the first-time homebuyers program has closed. Do you have any info on when they may re-open? Are transactions in limbo because of this?
Yes, the Philadelphia Housing Development Corporation (PHDC) is closed and is not accepting or processing Philly First Home applications. The date to re-open is unknown at this time. The application process will resume when their offices reopen. PHDC will continue to process approved applications. Please note that for these previously approved applications, the grant funds and documents will be transmitted directly to the title company. Approved applicants may want to contact their lender and title company to postpone settlement if the Philly First Home grant funds are required for closing. At this time there are about 80 applicants in the pipeline.