Affordable housing has been a concern in Harrisburg proper for quite a while now. Discussions in City Hall about how to address the burgeoning problem have been taking place, seemingly ad nauseam.
In an effort to expand affordable housing opportunities throughout the state, the Pennsylvania Housing Finance Agency (PHFA) recently launched a loan to help with the purchase of a new home. But the catch with the new loan is that it is Forgivable In Ten years, thus the name it is known by – K-FIT (The K is short for Keystone).
These kinds of fees are troublesome for Millennials, many of whom make up the homebuying market and who are often dealing with student loan debt as they look to purchase their first home.
Driving around your community you are probably starting to see more and more commercial properties that are vacant. Some were stores that recently vacated. Some have been sitting dormant with a “For Lease” sign on the property for a year or two.
With most of the country’s stay-at-home orders having been lifted and the country slowly continues to re-open, the real estate market is ready to take off like a SpaceX rocket.