In Bensalem, Pennsylvania, residents received their $300 Homeowner Assistance Grant check in early October. They have been receiving this grant check for a number of years now. It offers relief to residents battling the rising costs of inflation and higher food and gas prices. Seniors with low incomes and disabilities are eligible for an extra $150.
Homeowners Assistance Grant Program
Fortune Magazine recognizes Bensalem as one of the 50 best places to raise a family in the U.S. There are approximately 65,000 residents in this small town. One of the residents voiced on a Bensalem Facebook page that it was great that the township shares revenues generated by Parx Casino with township homeowners. Parx has a brick-and-mortar casino in Bensalem and also has an online casino.
The township of Bensalem is in great shape, and residents have received over $50 million back from the town thanks to the Homeowners Assistance Grant Program. The program was founded using Parx Casino taxes and was first approved in 2011.
No increase in township property taxes
Mayor Joseph DiGirolamo is proud of the fact that despite the country-wide economic crisis, township property taxes in Bensalem have not increased for 30 years. Parx generates over 25% of Bensalem’s revenues which is more than it gets from property taxes. The latest $300 check could provide help for residents to maintain their homes or fund home renovation plans.
What makes Bensalem a good place to live?
Fortune Magazine took many different factors into account when deciding on the best places to live in the U.S. They looked at the median sale prices for single-family homes and median household income. The availability of good schools, hospitals, and nursing homes was also taken into account.
Bensalem has entertainment in the form of Parx Casino and its restaurants etc. but one of the benefits of living there is how close it is to Philadelphia. The escalating prices of housing in Philadelphia could make Bensalem an attractive alternative. Philadelphia is the sixth largest city in the U.S. so property prices there are a good reflection of what’s happening in the US housing market.
Parx Casino continues to expand
Parx Casino in Bensalem attracts gamers from all over and is a leader in generating revenue. The brick-and-mortar casino first opened in December 2009 and table games were introduced in 2010. In 2018, Parx opened the Xcite Center which is a state-of-the-art event venue. It is currently planning to build a 13-story hotel with two restaurants. The Bensalem Town Council approved the proposal, and construction is expected to be completed in 2025. Parx Casino not only generates tax revenue that benefits the state of Pennsylvania and Bensalem but also creates plenty of job opportunities.