| Housing
& Community | Programs « Affordable Housing
Program »
Affordable Housing Program
2008B Funding Round Recipients
Eastern Pennsylvania
Central Pennsylvania
Western Pennsylvania
Delaware
West Virginia
Out of District
Eastern Pennsylvania
Berwick Blueprint Homeowner Rehabilitation
Bloomsburg, PA
Member:
First Columbia Bank & Trust Company
Sponsor:
Columbia County Housing Corporation
Total units: 30
Total AHP grants: $590,000
Total development costs: $650,000
This project will assist 30 homeowners in the LaSalle Street neighborhood of Berwick Borough. Owner-occupied housing rehabilitation assistance is a key priority in the Borough, which was named an FHLBank Blueprint Community in 2005. As elderly homeowners leave their homes for more manageable surroundings, they are leaving behind properties in need of upgrade. The Blueprint revitalization plan lays out strategies to shore up property values and enhance LaSalle Street’s appeal to future homebuyers, and this project – keyed to owner-occupied home repairs – is one step in starting to fulfill that objective.
Derstine Run
Hatfield, PA
Member:
Univest National Bank & Trust
Sponsor:
Advanced Living, Inc.
Total units: 59
Total AHP grants: $350,000
Total development costs: $10,930,493
Located in a rural area of Montgomery County, Derstine Run is the first phase of a four-step rental development for low- and very-low-income seniors. The units will serve individuals with incomes at or below 60 percent of the area median income. The entire project will be served by amenities that include a wellness center, computer labs, ponds and walking trails. Housing for low-income elderly is a high priority in the county’s Consolidated Plan.
HELP Philadelphia
Philadelphia, PA
Member:
TD Bank, NA
Sponsor:
HELP USA
Total units: 63
Total AHP grants: $650,000
Total development costs: $15,834,955
Located in the 6100 block of Eastwick Avenue, HELP Philadelphia will provide 76,000 square-feet of residential living among 50 new town homes for veterans returning from Iraq and Afghanistan, with a special focus on female veterans with young children. Twenty-two percent of the units will be set aside for permanent supportive housing that addresses special needs such as mobility impairment, substance abuse, mental health issues or homelessness. Veterans whose service predated the start of conflict in Iraq and Afghanistan may also be housed in the new complex, which will include a community center with an outdoor area. Thirteen one-bedroom-, 13 two-bedroom- and 37 three-bedroom units will be constructed as part of this special service affordable housing. This project is also supported by $1.5 million in PennHOMES funding from the Pennsylvania Housing Finance Agency and $9.9 million in Low Income Housing Tax Credit equity.
Lawrence Court I
Philadelphia, PA
Member:
Sovereign Bank
Sponsor:
Hispanic Association of Contractors & Enterprises
Total units: 50
Total AHP grants: $650,000
Total development costs: $12,815,000
Lawrence Court I is located on a brownfield site and adjoining vacant lots that have bred blight in Philadelphia’s St. Hugh neighborhood. This project is being developed in conjunction with the PHFA Homeownership Choice Initiative. Designed to attract homebuyers with higher than historical incomes, proposed sales prices range up to $95,000, making the average unit affordable to persons with annual incomes of $31,000. Each home will feature a patio and garden, and the new community is located near an elementary school completed in 1997.
Presser Senior Apartments
Philadelphia, PA
Member:
PNC Bank, NA
Sponsor:
Philadelphia Preservation Group
Total units: 45
Total AHP grants: $650,000
Total development costs: $11,379,569
Part of the Mt. Airy Neighborhood Plan, Presser Senior Apartments will be built on the site of two homes that have been vacant for more than five years. Seniors between 30 and 60 percent of area median income qualify for occupancy in the now-vacant Presser Home, phase one of the sponsor’s site plan. The site, acquired by the preservation group in 2006, will also include reworking of the Nugent Building as well as condominium construction, with the entire site serving as a catalyst for future growth in the Mt. Airy-Germantown area.
Rights of Passage
Philadelphia, PA
Member:
Sovereign Bank
Sponsor:
Covenant House Pennsylvania
Total units: 28
Total AHP grants: $650,000
Total development costs: $6,031,000
Covenant House intends to expand the supply of rental housing for homeless youth and young families in the Kensington neighborhood of Philadelphia. Transitional housing will be provided for 20 single youth and eight young parent families. The majority of residents will live at the facility for one to two years. Homeless youth are at high risk of incarceration, long-term homelessness and dependence on public assistance. The community considers the undeveloped site as it now exists to be in poor condition and a deterrent to revitalization.
Temple II North Gratz
Philadelphia, PA
Member:
Firstrust Bank
Sponsor:
1260 Housing Development Corporation
Total units: 40
Total AHP grants: $200,000
Total development costs: $12,815,029
Temple II is a 29-building development comprising 40 one-to-four-bedroom units in the 1500 block of North Gratz Street in Lower North Philadelphia. The units are located in row house-style buildings. The buildings require significant rehabilitation to bring them to building code and make them marketable. All of the structures are historic in nature and qualify for historic rehabilitation tax credits. Residents will include formerly homeless individuals and those with physical and mental disabilities.
Tioga United Homeownership Project
Philadelphia, PA
Member:
PNC Bank, NA
Sponsor:
Tioga United
Total units: 6
Total AHP grants: $501,903
Total development costs: $2,097,903
Tioga United, a nonprofit located in one of FHLBank’s Blueprint Communities, will renovate six long-vacant residential structures to sell to first-time low- and moderate-income buyers. Three units will have three bedrooms; the other three will have four bedrooms. Sales prices will range from $95,000 to $115,000. Each unit likely will be sold to families between 47 percent and 80 percent of the area median income.
Central Pennsylvania
Anthony’s Place
Gettysburg, PA
Member:
PNC Bank, NA
Sponsor:
Pennsylvania Interfaith Community Programs, Inc.
Total units: 10
Total AHP grants: $150,000
Total development costs: $1,760,664
Anthony’s Place will consist of eight two-bedroom units and two one-bedroom units, including eight for the physically handicapped and special-needs individuals. This project creates an option in Adams County for disabled individuals and families to engage in independent living while remaining close to basic services including employment, medical facilities, churches and schools.
Choconut Creek Apartments
Friendsville, PA
Member:
PNC Bank, NA
Sponsor:
First Ward Action Council
Total units: 24
Total AHP grants: $235,000
Total development costs: $4,459,887
This is a new 24-unit development that will provide affordable housing and support services for seniors. Existing senior developments in Susquehanna and Great Bend have waiting lists of up to one year. The need for seniors housing has been confirmed by a market study. Choconut Creek will serve seniors at or below 50 percent of the area median income. The project is supported by $1.15 million in PHFA PennHOMES funding and by a Low Income Housing Tax Credit allocation.
Gibson House
Harrisburg, PA
Member:
Sovereign Bank
Sponsor:
Gaudenzia Foundation
Total units: 20
Total AHP grants: $650,000
Total development costs: $1,994,503
This complex of transitional rental housing, to be located in Swatara Township in Dauphin County, PA, will serve homeless adults with special needs. The sponsor believes that providing housing for those at risk of entering jail or those recently released from jail, and who share a history of mental health or substance abuse issues, is a cost-effective method to reduce other health care- and criminal justice-related costs. Gaudenzia will provide support services for residents to help make them more self-sufficient.
Hopewell Courtyard
Stewartstown, PA
Member:
Fulton Bank
Sponsor:
Penn-Mar Development Corp./Stewartstown Courtyards LP
Total units: 96
Total AHP grants: $650,000
Total development costs: $16,524,792
Hopewell Courtyard involves the new construction of 96 rental units for the elderly in Stewartstown, PA. Forty-nine units will be very-low-income and 47 will be low-income. Additionally, 20 units will be reserved for the physically handicapped. Hopewell Courtyard will be a catalytic project in the heart of the targeted redevelopment area of Stewartstown Borough. It will also display state-of-the-art energy efficiency, earning PHFA’s “green” designation and adding groundwater-source heat pumps throughout.
New Visions Veterans SRO
Newville, PA
Member:
Sovereign Bank
Sponsor:
New Visions, Inc.
Total units: 6
Total AHP grants: $60,000
Total development costs: $227,980
New Visions Inc. (New Visions) has acquired the property at 90 Doubling Gap Road for purposes of providing permanent, affordable housing for six homeless veterans with mental health disabilities.
Western Pennsylvania
The Century Building
Pittsburgh, PA
Member:
PNC Bank, NA
Sponsor:
Trek Development
Total units: 30
Total AHP grants: $255,000
Total development costs: $8,668,354
The Century Building redevelopment consists of the adaptive re-use of an existing commercial building as rental housing. The existing 12-story building will include 60 dwelling units with 12-foot and higher ceiling heights. Thirty rental units are designated as workforce affordable housing.
East Liberty Affordable Home Ownership Project
Pittsburgh, PA
Member:
Parkvale Savings Bank
Sponsor:
East Liberty Development Inc.
Total units: 6
Total AHP grants: $120,000
Total development costs: $731,429
This project is part of a comprehensive plan to create a sustainable mixed-income community with ELDI rehabilitating six vacant properties in East Liberty and Garfield. The six units will be sold to three low- and moderate-income households and all will be first-time homeowners. Open Hands Ministry and HOME will select clients, secure volunteer labor, acquire donated or discounted materials from trades and local businesses and refer clients to mortgage and credit counseling services. Each client will be sponsored by a local church.
Safe Harbor Home
Greensburg, PA
Member:
Standard Bank
Sponsor:
Homes Build Hope
Total units: 12
Total AHP grants: $300,000
Total development costs: $804,500
Connect, Inc. plans to offer Safe Harbor Home, which will serve homeless persons with mental illnesses. Safe havens are low-demand housing units for the chronically homeless and mentally ill who do not require participation in services and referrals as a condition of occupancy, but rather, allow new residents to adjust to their surroundings and eventually become engaged in such services.
Safe Harbor Home will be located on the fourth floor of 218 South Maple Avenue. Completion is projected for August 2009.
Delaware
Concord Village – Final Phase
Seaford, DE
Member:
Delaware National Bank
Sponsor:
Habitat for Humanity, Sussex County
Total units: 5
Total AHP grants: $242,858
Total development costs: $550,230
The last four single-family, ranch-style homes in a 19-home subdivision will be built near Seaford by Habitat in this project phase. Also included is a home of the same design on adjacent Jewell Street. As in the past, Habitat has enlisted plentiful volunteer support onsite, including labor from college students and construction materials from business sponsors. Residents provide “sweat equity” as they chip in with construction. Residents range from single mothers to immigrants to longtime area families.
West Laurel Revitalization
Laurel, DE
Member:
Delaware National Bank
Sponsor:
Habitat for Humanity, Sussex County
Total units: 8
Total AHP grants: $440,000
Total development costs: $880,500
Habitat will construct eight twin town homes. Reflecting the Greater Laurel Comprehensive Plan, this project addresses the fact that 51 percent of Town of Laurel residents are homeowners, versus a homeownership rate greater than 80 percent across Sussex County. College, church and business volunteers will help make this project a reality.
West Virginia
Fairfield West Scattered Sites Housing
Huntington, WV
Member:
Huntington Federal Savings Bank
Sponsor:
Housing Development Corporation
Total units: 6
Total AHP grants: $100,000
Total development costs: $848,736
Six new single-family homes will be built as part of the Artisan Avenue Redevelopment Plan and as infill housing in the Fairfield neighborhood. Construction will begin in the spring of 2009 and be completed in late 2010. Project goals include the elimination of blight and boosting the rate of homeownership. The project will target the units to households earning 60 percent of the area median income. The development will complement other redevelopment activities occurring in this City of Huntington neighborhood.
Virginia Way Apartments
Shinnston, WV
Member:
United Bank
Sponsor:
Virginia Way Limited Partnership
Total units: 32
Total AHP grants: $350,000
Total development costs: $3,078,150
Virginia Way Apartments will be a 32-unit project for the elderly with 16 one bedroom’s and 16 two bedroom’s located off of East Ave., Shinnston, Harrison County, WV. This project will target 16 units at 60 percent of area median income (AMI) and an additional 16 units toward individuals at or below 50 percent of AMI. This project has secured Low Income Housing Tax Credits from the West Virginia Housing Development Fund.
Out of District
Barclay Midway Old Goucher
Baltimore, MD
Member:
PNC Bank, NA
Sponsor:
Telesis Baltimore Corporation
Total units: 72
Total AHP grants: $650,000
Total development costs: $17,389,496
Located in the heart of the city, Barclay Midway is an historic neighborhood with Victorian-era town homes, tree-lined streets and architectural richness. Over the years, neighborhood properties have fallen into disrepair. Telesis was chosen by the Housing Authority of Baltimore City to develop about 270 scattered-site parcels across Barclay Midway to help transform it into a more stable, safe and settled area. In this initial project using infill sites and existing structures, Telesis will both rehabilitate and construct 72 units of rental housing on six streets.
East Waterloo Family Housing
Waterloo, IA
Member:
PNC Bank, NA
Sponsor:
CommonBond Communities
Total units: 40
Total AHP grants: $500,000
Total development costs: $8,691,082
This project is designed to serve very-low-income families with children. Eight units will also be reserved for homeless and special needs populations. An integrated onsite service program to be provided by the sponsor and Sisters of Mercy will promote greater economic self-sufficiency and positive academic performance by youth. Other services will include job training and placement, parenting skills, computer and other adult education programs and health and wellness. A mix of two-, three- and four-bedroom units will comprise this rental complex in the East Waterloo area.
Preston Place
Baltimore, MD
Member:
PNC Bank, NA
Sponsor:
TRF Development Partners, Inc.
Total units: 38
Total AHP grants: $452,200
Total development costs: $7,839,242
One hundred percent of the units in this project will be built for first-time homebuyers. Thirty units will be new construction while eight are rehabilitations. Recruited by BUILD, the largest faith-based community organization in Baltimore, TRF will create this project, the first phase of a development plan covering both public and abandoned properties in the Oliver neighborhood. The 38 units will be offered for sale at staggered price points for families with incomes ranging from 45 percent to 80 percent of area median income. All families will participate in mortgage counseling, homebuyer education and post-closing home maintenance and repair classes.
Smoketown
Louisville, KY
Member:
PNC Bank, NA
Sponsor:
New Directions Housing Corporation
Total units: 12
Total AHP grants: $150,000
Total development costs: $300,000
FHLBank will provide 50 percent of total funding costs with an equal share from the City of Louisville. Twelve three-bedroom units will be rehabilitated for owner occupants in a neighborhood being targeted for other revitalizing activities. The focus of upgrades will be on health, safety, energy efficiency, weatherization and mechanical system improvements.
Worthington House Campus
Springfield, MA
Member:
TD Bank, NA
Sponsor:
Friends of the Homeless
Total units: 60
Total AHP grants: $423,913
Total development costs: $2,161,223
An integral part of the City of Springfield’s Ten Year Plan to End Homelessness, this project involves both the renovation of existing facilities and the creation of new units. Sixty single-room occupancy units will result from rehabilitations; 32 efficiency units will be the product of new construction. The proposed expansion encompasses a woman’s shelter, health clinic and counseling facilities. AHP funds are limited to the 60 units to be rehabilitated.
YWCA Supportive Housing Initiative
Rochester, NY
Member:
Citizens Bank of Pennsylvania
Sponsor:
YWCA of Rochester and Monroe County
Total units: 110
Total AHP grants: $276,214
Total development costs: $9,811,957
This initiative involves the rehabbing of 96 units of existing housing and the conversion of existing office space into 14 new units. The project will serve the housing needs of women, women with children and families. Rental units will be offered to individuals and families at or below 60 percent of the area median income. At least 29 units will be set aside for persons recovering from substance abuse and 20 for formerly homeless individuals. Many of the women who come to this facility have chosen to make the “Y” their permanent home.
|
Serving our members in Delaware, Pennsylvania
