Home Help Program

Home Help Program is sponsored by Citadel Credit Union. Provides down payment and closing cost assistance to eligible homebuyers in Philadelphia County.

Citadel Launches $6 Million Homebuyer Assistance Program to Expand Access in Underserved Philly Neighborhoods. | Citadel Credit Union Citadel Launches $6 Million Homebuyer Assistance Program to Expand Access in Underserved Philly Neighborhoods Communications Director | August 05, 2025 EXTON, Pa.

, August 6, 2025 —Citadel Credit Union today announced the official launch of its Home Help Program , a new initiative aimed at increasing access to home ownership in eligible communities across Philadelphia County. The program provides up to $18,000 in down payment and closing cost assistance for eligible homebuyers. During its soft launch this summer, the program awarded $134,000 in grants, supporting $1.

6 million in home financing as part of $6 million investment in community lending. The launch marks a significant step in Citadel’s growing commitment to the Philadelphia region, where the credit union will open a new branch in early 2026.

As a not-for-profit, member-owned financial institution, Citadel is dedicated to helping local families achieve long-term financial stability, enabling them to fully enjoy the benefits of homeownership, from building equity to managing monthly costs with confidence.

The Home Help Program is supported by a $6 million loan subsidy fund designed to increase access to home mortgage, refinance, and improvement loans in majority-Black and Hispanic neighborhoods “Home Help is dedicated to serving the Philadelphia community by helping more residents achieve the dream of homeownership,” said Lisa Albany, Vice President of Real Estate at Citadel Credit Union.

“Through targeted grants and assistance programs, we’re making homeownership more accessible and affordable, helping individuals build stronger futures and contributing to the long-term strength of our neighborhoods.

” Backed by a $6 million loan subsidy fund to expand access to affordable home financing Up to $18,000 in assistance for purchase, refinance, or improvement of a primary residence in qualified communities Available for owner-occupied homes (single-family, condominium, or planned unit development) Homes must be located in eligible majority-minority neighborhoods in Philadelphia County Open to all qualified borrowers – not limited to first-time buyers Eligible for purchase money or rate-term refinance of Citadel mortgages May be combined with other grants, seller assistance, or subordinate financing Citadel Commits $6 Million to Community Lending Fund To support these efforts, Citadel has appointed Evan Richman as its Community Lending Officer.

Richman has over 15 years of experience in mortgage lending, grant navigation, and community engagement, and will serve as a key connector between Citadel and Philadelphia communities. “Having spent my career helping families navigate the path to homeownership, I know how life-changing it can be,” said Richman.

“At Citadel, I’m focused on building relationships in majority-minority communities, connecting residents with resources, and leading outreach initiatives that turn financial education into action.

” Richman will collaborate with local elected officials, real estate professionals, the Affordable Housing Centers of Pennsylvania, the National Association of Hispanic Real Estate Professionals, and other nonprofit organizations to promote sustainable homeownership throughout Citadel’s service area, with a strong emphasis on Philadelphia.

A Broader Commitment to Community Impact The Home Help program is part of Citadel’s ongoing mission to support long-term financial wellness for its members and make homeownership more accessible across diverse neighborhoods.

Citadel partners with a growing network of local organizations to deliver financial education, promote affordable housing, and expand community outreach, including Women’s Opportunities Resource Center, the Urban Affairs Coalition, the Urban League of Philadelphia, the Philadelphia Housing Development Corporation, and Rebuilding Together Philadelphia.

These partnerships play a vital role in reaching underserved residents, delivering trusted guidance, and connecting families to essential homeownership resources. A comprehensive outreach campaign, encompassing digital channels, direct mail, in-branch signage, and nonprofit collaborations, will continue to expand awareness and impact throughout the region in 2025 and beyond. LisaFerri@citadelbanking.

com Citadel Credit Union is a not-for-profit, member-owned financial institution providing banking, investment, and insurance services to more than 285,000 members. With approximately $6.

6 billion in assets and 25 branches, Citadel is one of the Greater Philadelphia region’s largest credit unions, serving individuals, families, and businesses in southeastern Pennsylvania and under a Federal Multiple Common Bond charter that allows membership eligibility throughout Pennsylvania and neighboring states, including Delaware, New Jersey, New York, Maryland, Ohio, and West Virginia. Headquartered in Exton, Pa.

, Citadel is recognized as a Newsweek and Plant-A Insights Group 2025 America’s Best Regional Banks and Credit Unions and is a seven-time certified Great Place to Work. For more information, visit CitadelBanking. com .

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