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- Redevelopment Authority
- Neighborhood Sustainability Program
Neighborhood Sustainability Program
formerly the Homestead Investment Program
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
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
Who can purchase a home through the Neighborhood Sustainability Program?
The Borough uses a listing agent to market properties for sale through this program, and any interested buyer is eligible to purchase these homes. The Redevelopment Authority sets the sales price for homes sold through this program based on fair market value. The value of the homes is determined based on an appraisal solicited by the Authority and on the advice of the RealtorTM listing the property. If you are interested in viewing one of the properties available for sale, please contact your realtor to set up an appointment.
In the future, the Redevelopment Authority may offer homes for sale at a price which is affordable to individuals earning an income which is 80-120% of the Area Median Income (AMI). These properties will provide an opportunity for
Current Listings
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![]() |
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![]() |
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![]() |
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. |