Neighborhood Sustainability Program

formerly the Homestead Investment Program
  1. What is the Program?
  2. Who Can Purchase a Home?
  3. Publications & Policies

What is the Neighborhood Sustainability Program? 


The Neighborhood Sustainability Program was established by the Redevelopment Authority in 2014 as a tool to advance opportunities for home ownership and to maintain safe, stable and attractive neighborhoods in the Borough. Homes that are purchased through this program are important assets to the character of the Borough, and represent opportunities for residents to enjoy home ownership in near-campus and near-downtown neighborhoods. 

Through this program, the Redevelopment Authority purchases homes in the Highlands, Holmes-Foster, and College Heights neighborhoods and portions of the State College South neighborhood. Properties that are purchased include:
  • Homes that are registered as student homes,
  • Homes that are eligible to become student homes
Prior to resale, the Redevelopment Authority will forfeit the student home license, if applicable, and place a restrictive covenant on the property to ensure the home is maintained as an owner-occupied residence or rented for single family residential purposes.

Current Listings


View the Buyer's Guide to the Homestead Investment Program for more information:

461 E Foster


461 E Foster

About this Property:

Located in the heart of State College Borough, this stately brick house offers 3 bedrooms, 2 full bathrooms, and hardwood floors throughout. Amazing front porch, wonderful flagstone patio in the rear for entertaining. Detached 1-car garage is easily accessed via alley behind the property for off-street parking. Home features central air, lots of windows, fireplace, pocket doors, a bonus finished attic room with new skylights. And, walking distance to Penn State University and downtown State College.

Sold


720 South Allen


720 South Allen Street

About this Property:


Nice home in the State College borough close to downtown. Kitchen has been updated and includes stainless steel appliances. Hardwood floors. Ceramic tile in the kitchen and half bath. Fireplace in the living room. Partially finished basement. Finished space in the attic for additional storage. Fenced in back yard. Off Street Parking. Great opportunity to own a property close to town.

Sold


222 West Prospect Avenue


222 West Prospect

About this Property:


This home is located in the Highlands Neighborhood in State College, just minutes from downtown and within walking distance of other community amenities, such as Holmes-Foster Park, Easterly Parkway Elementary and State High.

Sold

304 West Prospect Avenue


304 West Prospect

About this Property:


Charming home located in the borough. Just minutes from downtown and campus. This property features hardwood throughout and a lovely fireplace. The kitchen is quaint with upgrades and backsplash. No lack of cabinet space! Enjoy a partially finished basement with walkout and off street parking.

Sold





About this Property:


Charming home located in the borough. Just minutes from downtown and campus. This property features hardwood throughout and a lovely fireplace. The kitchen is quaint with upgrades and backsplash. No lack of cabinet space! Enjoy a partially finished basement with walkout and off street parking.

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