Number of Units

58

Year Developed

2011

Development Costs

$18,018,421

Goal

Historic restoration

Description

These 58 units of affordable family housing were part of an expiring tax credit project acquired from National Temple, LP III in April of 2006. After years of mismanagement and neglect, the buildings were deteriorated and in desperate need of major renovation.

 

Mission First Housing Group refinanced the project using the American Recovery and Reinvestment Act Tax Credit Exchange program to obtain a loan from the Pennsylvania Housing Finance Agency. Additional funding comes from the Federal Home Loan Banks of Pittsburgh and New York’s Affordable Housing Program funds, U.S. Department of Housing and Urban Development Section 811 Program Capital Advance funds and Historic Tax credits.

 

The restoration of these 22 certified historic townhomes has preserved 58 units of affordable housing for families and is a part of a larger plan to revitalize the North Philadelphia neighborhood.

 

In addition, the project is LEED® Gold certified. Sustainable design elements include: Forest Stewardship Council (FSC) certified lumber, additional insulation in exterior walls, no Volatile Organic Compound (VOC)-emitting finishes or adhesive materials, high efficiency plumbing fixtures, high recycled content building materials and Energy Star and hydrochlorofluorocarbon (HCFC)-free mechanical systems. New Energy Star Low E argon filled replacement and new windows increase day-lighting. A white roof system helps reduce the “heat island” effect. All site work was conducted in a manner to minimize disturbance of native vegetation and soil within the construction area. Best Management Practices of erosion and sedimentation controls were used, and a construction waste recycling program diverted 85% of the waste from landfills to recycling facilities.

 

The “LEED® Certification Mark” is a registered trademark owned by the U.S. Green Building Council® and is used with permission.

Award

PACDC Blue Ribbon Awards: 2013