Number of Units

40

Year Developed

2011

Development Costs

$16,867,391

Goal

Historic preservation

 

Description

These 40 units of affordable family housing were originally renovated over 20 years ago by National Temple, LP III. After years of mismanagement and neglect, the buildings had become an eyesore and source of neighborhood problems. At the request of the equity investor, Mission First Housing Group stepped in to stabilize operations and preserve long-term affordability of the project.

 

The restoration of these 29 certified historic townhomes is a part of a larger plan to revitalize this North Philadelphia neighborhood. As a certified LEED® Platinum project, the sustainable design features of this project directly impact the sustainability of the surrounding community. Not only do the native vegetation and run-off swales reduce flooding and add natural beauty to the environment, but the energy savings the tenants realize in their energy-efficient units (with extra insulation, Energy Star appliances and high-efficiency plumbing) will allow for more discretionary income to be spent in the community. In addition, the no-VOC interiors and extra day-lighting provide immeasurable health benefits to the residents and their children.

 

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