The Philadelphia City Council has authorized the transfer of three properties—3862 and 3864 Pennsgrove Street and 1118 N 39th Street—from the Philadelphia Land Bank for the development of affordable homeownership housing. This resolution, enacted under Chapter 16-700 of The Philadelphia Code, facilitates the reuse of underutilized land in the 3rd Councilmanic District. The transferred properties will be incorporated into the Neighborhood Preservation Initiative’s Turn the Key program, which aims to create affordable housing opportunities for first-time homebuyers.
This decision supports Philadelphia’s efforts to increase homeownership opportunities, particularly for low- and moderate-income residents. By utilizing surplus land for affordable housing, the city strengthens neighborhood stability and advances equitable development.