The University of Pennsylvania has expanded its home-buying program out to 56th Street, according to the university’s Department of Home Ownership Services. The program is designed to entice full-time staff and faculty to live in West Philly.

The new western boundary will extend from 52nd Street to the east side of 56th from Market Street south to Paschall Avenue (see map below). The eastern boundary is unchanged, running along the Schuylkill River. The northern boundary runs along Haverford Avenue to 44th Street where it switches to Market Street. These are the first changes to the program, which provides a $7,500 forgivable loan toward the purchase or improvement of a home, since 2004.

The loan benefit also applies to employees of the University of Pennsylvania Health System.

The area shown in purple reflects the new boundaries of Penn’s housing loan plan.