PHILADELPHIA, PA — FORWARD, a company specializing in delivering resources and funding through human-centered technology, has announced a partnership with the City of Philadelphia to launch the City of Philadelphia Real Estate Tax Credit Program.
The program, backed by a $1.7 million special fund, aims to assist Philadelphia homeowners grappling with rising real estate tax bills. To be eligible, homeowners must live within the City of Philadelphia and meet the 80% or below Area Median Income (AMI) threshold.
Philadelphia Mayor Jim Kenney emphasized the importance of this initiative, stating, “Property taxes are a critical source of revenue for our city, but they also put a strain on many Philadelphians. This program is a way to strike a balance between these two competing needs. It will provide relief to those who need it most while also ensuring that we have the resources to invest in our city’s future.”
To qualify for the program, Philadelphia homeowners must satisfy the following criteria:
- Reside within the City of Philadelphia
- Be the legal owner and current resident of the property
- Have a property tax bill that has increased by 50% or more between the 2022 and 2023 tax assessments
- Have a household income at or below 80% Area Median Income (AMI)
The City of Philadelphia has approved FORWARD as the program administrator contractor. FORWARD’s role will include community outreach, application support, and eligibility screening. The company boasts over 80% of its team members with government work experience, enabling it to operate with speed, precision, and competency.
Applicants can expect to access FORWARD’s online application portal, available in 68 languages, and receive multilingual application support via phone, text, and email. They will also be required to submit proof of primary residence, income, and identification.
Adnan Mahmud, CEO of FORWARD Platform, expressed his enthusiasm about the partnership, stating, “FORWARD is proud to provide end-to-end programming support to the City of Philadelphia as the City launches its Real Estate Tax Credit Program. Our team is excited to be a part of the City of Philadelphia’s commitment to reduce the financial burden placed on Philadelphia homeowners.”
Eligible homeowners in the City of Philadelphia are encouraged to apply and learn more about the program by clicking here.
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