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SERVICES FEE SCHEDULE

Effective February 8, 2017

The Philadelphia Redevelopment Authority has enacted the following fee schedule for various pre-development, agency, modification and other administrative fees to defray staff time and overhead costs.  As provided below, the fees outlined herein are applicable to applicants seeking Authority resources and should be included in any development budgets submitted.  All fees are non-refundable, non-transferable and due as designated in this schedule.  The Philadelphia Redevelopment Authority reserves the right to modify and/or waive the fees outlined herein where appropriate.  A printable version of the complete fee schedule can be downloaded by clicking here.

TYPE OF FEE

AMOUNT OF FEE

DATE DUE

PURPOSE

LEGAL COSTS/FEES

 

 

 

1.  Redevelopment and Development Agreements (Non-CDBG related projects)

$250.00

Execution/Closing

Cover recording and preparation/processing costs

2.  Amendment, Extension or Assignment of  Redevelopment Agreement

$500.00 or 1% of acquisition cost, whichever is greater

Execution/Closing

Cover recording and preparation/processing costs

3.  License Agreement

$500.00 (Fee may be waived if there is a community purpose/benefit)

Execution

Preparation/processing costs

4.  Amendment, Extension or Assignment of License Agreement

$250.00 (Fee may be waived if there is a community purpose/benefit)

Execution

Preparation/processing costs

5.  Subordination of Mortgage

$250.00

Execution

Cover recording and preparation/processing costs

6.  Approved Mortgagee Letter

$250.00

Execution

Preparation/processing costs

7.  Loan Modification Fee (For Low-Income Housing Projects)

$500.00

Execution/Closing

Document preparation/processing costs

9.  Right of Entry Agreement (Applicable when no Redevelopment Agreement or Development Agreement)

$250.00 (Fee may be waived if there is a community purpose/benefit)

Execution

Preparation/processing costs

SETTLEMENT FEES

 

 

 

1.  Deeds

$275.00 for first Deed, $100.00 for any additional Deed or other recordable document

Execution/Closing

Cover recording and preparation/processing costs