It's time to celebrate another win for affordable housing in Pennsylvania! Awards for federal Low-Income Housing Tax Credits were announced by Pennsylvania Housing Finance Agency yesterday, and we are honored to have two projects included in the list of awardees. In total, these awards will help finance over 1,800 units of affordable rental housing units across Pennsylvania. A complete list of the awardees can be found here.
Eugene Tull/Timber, LLC and Volker Development are partnering on a new affordable housing community in the Fishtown/Olde Richmond section of Philadelphia. The development will consist of 36 one- and two-bedroom units for qualifying households between 20% and 60% AMI levels. One unique feature of this development is a green roof that will reduce the amount of rainwater runoff and reduces the building’s overall energy usage. We are especially proud of the partnership with Timber, LLC, and looking forward to many more collaborations in the years to come.
Steigel School Apartments is a 44-unit affordable senior (62+) rental community located in Manheim, PA. This development will be an adaptive reuse of the historic Steigel Elementary School building, which operated for over 100 years before ceasing operations in 2017. This project will provide high-quality one- and two-bedroom apartments for seniors between 20% and 80% AMI levels. The development is located two blocks from downtown Manheim and has numerous neighborhood amenities.
#affordablehousing #lihtc #keepbuilding