PHA To Auction Scattered Site Properties

(Philadelphia, PA - October 4, 2017)  - The Philadelphia Housing Authority (PHA) will sell over 50 properties - some with homes on them and some empty parcels - at an auction later this month.

This isn't the first time PHA has set its sights on disposing of by way of auction.  In November 2011, the agency auctioned over 400 properties.  In July 2013, the housing authority put approximately 200 properties up for sale.

"While there aren't as many properties being auctioned this time around, the goal is the same; reducing the number of vacant buildings in disrepair in the City while giving private citizens an opportunity to buy a fixer-upper and local business people a chance to invest and possibly rehab a home and bring it back into productive use," said PHA President and CEO Kelvin Jeremiah.
The properties being auctioned are part of the Authority's scattered sites inventory.  The properties to be auctioned can be found in the following zip codes 19120, 19126, 19131, 19132, 19138, 19139, 19140, 19141, 19143, 19144, 19146, 19147, 19148, and 19151.

Barry S. Slosberg Inc., an auctioneer with over 30 years of auctioning experience has scheduled the auction for October 12, 2017, at its auction house located at 2501 E. Ontario Street. 
Information regarding the bidding process, as well as a list of properties, will be available at a bidder's seminar scheduled for October 5, 2017.  The event will be held from Noon4 PM at the Ontario Street location.

Those interested may also visit the auctioneer's website at www.bssauction.com. While attending the bidder's seminar is not mandatory, the auctioneer recommends doing so.  All are encouraged and welcome to attend.

The sale of vacant scattered properties by auction is just one part of PHA's comprehensive plan for its scattered site portfolio. PHA is also in process of rehabilitating hundreds of vacant scattered site properties for households on PHA's waiting list while transferring additional properties to the Philadelphia Land Bank for reuse as affordable rental and homeownership purposes, and partnering with other organizations to develop new units.

Funds raised from the auction will be used to rehabilitate or build units, or fund needed repairs at other PHA sites.