Homestead Investment Program

  1. What is the Program?
  2. Who Can Purchase a Home?
  3. Publcations & Policies
What is the Homestead Investment Program? 
The Homestead Investment 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, and
  • Homes on blocks that are in transition from majority owner-occupied to primarily renter-occupied.
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.
Current Listings
There are currently no properties listed for sale by the Redevelopment Authority. View the Buyer's Guide to the Homestead Investment Program for more information:

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.
Under Contract

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.

Under Contract


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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