Land Bank Disposes 42 City-Owned Parcels in 8th District Under Turn the Key Affordable Housing Program

• When: 2025/05/08
• Address: 423-27 East Ashmead Street; 429-39 East Ashmead Street; 429-39 Rear East Ashmead Street; 226 East Bringhurst Street; 260 East Bringhurst Street; 278 East Bringhurst Street; 313-15 East Bringhurst Street; 49 East Earlham Street; 4635 Germantown Avenue; 30 Good Street; 5608 Heiskell Street; 5618 Heiskell Street; 5619 Heiskell Street; 5642 Heiskell Street; 5669 Heiskell Street; 4946 Keyser Street; 5514 Morton Street; 5515 Morton Street; 5642 Morton Street; 6672 Musgrave Street; 6674 Musgrave Street; 53 East Pastorius Street; 207 East Penn Street; 248 East Phil Ellena Street; 42 Reger Street; 44 Reger Street; 35 East Seymour Street; 227 East Sharpnack Street; 261 East Sharpnack Street; 263 East Sharpnack Street; 218 Shedaker Street; 326 Shedaker Street; 342 Shedaker Street; 343 Shedaker Street; 4951 Sheldon Street; 4957 Sheldon Street; 4961 Sheldon Street; 4975 Sheldon Street; 111 East Springer Street; 112 East Springer Street; 4925 Wakefield Street; 5222 Wakefield Street, Philadelphia, PA
• City: Philadelphia
• State: PA
• Category: City Properties
• Subcategory: Land Sale
• Asset Class: Land
• Property Type: Covered Land & Land Banking

The Philadelphia City Council authorized the Philadelphia Land Bank to dispose of 42 vacant parcels located in the 8th Councilmanic District under the revised Turn the Key program, increasing each unit’s sale price to $280,000 and setting affordability at or below 100% of the Area Median Income (AMI). The land parcels, including multiple properties on East Ashmead Street, East Bringhurst Street, East Earlham Street, Germantown Avenue, Good Street, Heiskell Street, Keyser Street, Morton Street, Musgrave Street, East Pastorius Street, East Penn Street, East Phil Ellena Street, Reger Street, East Seymour Street, East Sharpnack Street, Shedaker Street, Sheldon Street, East Springer Street, and Wakefield Street, will be conveyed pursuant to Chapter 16-700 of The Philadelphia Code and Act 153 of 2012. The Land Bank Board of Directors approved the material change to the project plans originally authorized by Resolution No. 240773 to reflect the new sale price and income eligibility. This transfer enables homeownership opportunities for income-restricted buyers and supports neighborhood revitalization by returning vacant city-owned lots to productive residential use.

Source