The initiative is called the Temple 20/20 Scholarship Program, borrowing its name from the Temple 20/20 construction effort. That program seeks to orient Temple toward North Broad Street, creating a more vibrant urban area by including retail stores and recreation space within university buildings.
The scholarships, to be awarded beginning this fall, will be available to students who live in the 19121, 19122, 19132, and 19133 zip codes at the time of application for admission.
"The Temple 20/20 framework is designed to position our entire community for success," Hart said. "Scholarships for our neighbors are a critical component for that success."
About 25 students a year will get the scholarships.
The money will help pay costs not covered by other financial aid, such as loans and institutional assistance. The program boosts the value of Temple scholarships awarded to Philadelphia students to $12 million a year.
"Supporting and creating educational opportunities for Philadelphians has been a major priority for my administration," said Nutter, who thanked Temple. "With more efforts like theirs, Philadelphia will be 21st-century-ready."
Earlier this year, Temple announced it would raise tuition 9.9 percent for in-state students and 5.4 percent for out-of-state students in response to historic cuts in state funding.
The four state-related universities - Temple, Penn State, Pittsburgh, and Lincoln - suffered 19 percent reductions in support, and the 14 state schools were cut 18 percent.
Both figures were improvements over the 50 percent reduction that Gov. Corbett originally proposed to help close a $4 billion deficit, and both left students, parents, and administrators shaken.
