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Affordable Housing Program
2009 Funding Round Recipients
Eastern Pennsylvania
Central Pennsylvania
Western Pennsylvania
Delaware
West Virginia
Out of District
Eastern Pennsylvania
A Place for New Directions for Women
Philadelphia, PA
Member
PNC Bank
Sponsor
New Directions for Women
Total Units: 36
Total AHP Grants: $250,000
Total Development Costs: $1,111,337
New Directions for Women will provide transitional housing for 36 single women with special needs. The facility, to be located at 4969 Wakefield Street in the Germantown neighborhood, will be created through the rehabilitation of a vacant and dilapidated light industrial building of approximately 11,700 square-feet. This project will create 18 two-person bedrooms for these very-low-income women, whose children will be cared for by others while they are at New Directions. Residents will live at this transitional facility for an average of one year. Onsite services will be offered to help engender individual self-sufficiency, including training in literacy and job seeking.
Fattah Homes II
Philadelphia, PA
Member
Citizens Bank of Pennsylvania
Sponsor
Peoples Emergency Center Community Development Corporation
Total Units: 6
Total AHP Grants: $94,176
Total Development Costs: $1,367,100
To be located in the 3900 block of Brandywine Street, this rental facility will provide housing for chronically homeless families through the construction of six new units in West Philadelphia. Four two-bedroom units, one three-bedroom unit and one four-bedroom unit will serve a total of six women and up to 22 children during the first year of occupancy. Through this facility, PEC will help homeless mothers recovering from substance abuse or coping with a disability that impairs self-sufficiency. PEC CDC, in collaboration with People’s Emergency Center, will oversee supportive services from its nearby headquarters.
Gaudenzia Thompson Street Apartments
Philadelphia, PA
Member
Sovereign Bank
Sponsor
Guadenzia Foundation, Inc.
Total Units: 6
Total AHP Grants: $250,000
Total Development Costs: $1,250,000
Building upon its existing campus in the 1800 block of West Thompson Street, Gaudenzia Foundation will renovate two three-story brick masonry row homes to meet the needs of homeless families, where the female head of household is recovering from chronic substance abuse and often, a co-occurring disorder. Residents of this expansion will be graduates of the sponsor’s WINNER Program, which provides intensive residential treatment and transitional housing for women along with their children. This permanent supportive housing project allows residents to continue to receive necessary support services to become self-sufficient. The two properties that Gaudenzia will renovate represent the last remaining blighted properties on the block.
Grace House
Allentown, PA
Member
National Penn Bank
Sponsor
New Bethany Ministries
Total Units: 6
Total AHP Grants: $250,000
Total Development Costs: $462,474
To be located at 112 North Fifth Street, this rental housing project will result from the renovation of a row home owned by Grace Episcopal Church that was used for office space and social services until December 2007. New Bethany Ministries will create six single affordable housing units for chronically homeless individuals, augmented by a common kitchen, dining, living and meeting space. Wraparound social services and rent subsidies will be provided by partner agencies.
Our City Reading
Reading, PA
Member
Sovereign Bank
Sponsor
Our City Reading, Inc.
Total Units: 50
Total AHP Grants: $250,000
Total Development Costs: $3,720,941
Building upon its highly successful community stabilization program centering on affordable housing, Our City Reading, Inc. will create 50 additional units of housing for first-time homebuyers, including 18 four-bedroom units, as part of its ongoing program of purchasing and renovating abandoned or vacant homes in a once-strong real estate market. Reading currently has more than 1,000 abandoned homes within its city limits, with an additional 2,000 homes listed for sale. At the same time, fewer than half the residents in the city own a home while property values have declined more than 50%, presenting city leaders with an opportunity to reinvent their community.
Our City Reading provides homeownership opportunities to first-time buyers who have been employed for at least a year and have an acceptable credit rating. A minimum $500 down payment is required, and no additional out-of-pocket costs occur at closing. Monthly mortgage payments fall below local rental costs. A key focus of the initiative is the creation of affordable housing for single parents transitioning from welfare to work.
The 50 units to be created in this phase of Our City Reading will create purchase opportunities in the 100 block of Wunder Street and the 1100 block of Cotton Street. To date, Our City Reading has purchased more than 400 homes or property, has completed or sold more than 360 housing units, and has 40 additional properties scheduled for demolition or already removed, all with the plan of renovating at least 70 homes each year.
Sartain Apartments
Philadelphia, PA
Member
PNC Bank
Sponsor
NewCourtland Elder Services
Total Units: 35
Total AHP Grants: $250,000
Total Development Costs: $2,564,345
The Sartain Apartments is a 35-unit complex for seniors located in the 3000 block of West Oxford Street in the Strawberry Mansion section of Philadelphia. A former school, the building is listed on the National Register of Historic Places. NewCourtland Elder Services acquired this complex in 2009. It is the sponsor’s intention to continue to operate the facility as affordable seniors housing and to broaden the social and medical services available to residents. The scope of work will involve enhanced energy efficiency and some deferred maintenance needed to ensure appropriate support of frail elderly residents.
Central Pennsylvania
Centre Estates I & II
Boalsburg, PA
Member
PNC Bank
Sponsor
Central PA MHA Associates, LP
Total Units: 80
Total AHP Grants: $250,000
Total Development Costs: $7,493,690
The Centre Estates I and II project represents a $2.1 million rehabilitation of two 40-unit Rural Development properties, for a total of 80 units, located fewer than five miles from the Penn State University main campus. Centre Estates is part of a 283-unit, nine-property portfolio purchased in December 2008 by CPMHA. These nine properties will be treated as one large project for the purpose of rehabilitation, allowing for the pooling of resources, including very-low cost Low-income Housing Tax Credits. Construction has begun and is expected to be completed by the end of 2009. A wide array of improvements are being made to Phases I and II including new siding, roofs and windows, a new playground, a new community room and landscaping. All units are restricted to the LIHTC maximum 60% of the area median income.
Western Pennsylvania
Uniontown Senior Housing
Uniontown, PA
Member
First National Bank of Pennsylvania
Sponsors
Fayette County Community Action Agency, Inc.
PIRHL Developers
Total Units: 36
Total AHP Grants: $47,205
Total Development Costs: $7,456,205
The Fayette County Community Action Agency and PIRHL Developers, in association with the Redevelopment Authority of the City of Uniontown, the Gallatin Avenue Concerned Citizens Group and Elm Street Plan Implementation Group, support construction of an apartment building for seniors on a 1.37-acre site on North Gallatin Avenue. The City of Uniontown is one of a handful of counties and cities in Pennsylvania that experienced a more than 50% increase in median rental costs between 2000 and 2005, further limiting affordable housing options, especially for those on fixed incomes. The new apartment building will encompass 12 one-bedroom apartments and 24 two-bedroom units. Common space will include a living room, exercise room, computer room and library and meeting room. The facility will be located just a few blocks north of the State-funded Main Street initiative.
Delaware
Life Lines Studios
Wilmington, DE
Member
Artisans’ Bank
Sponsor
Cornerstone West Community Development Corporation
Total Units: 11
Total AHP Grants: $250,000
Total Development Costs: $1,396,800
Keyed to the needs of youth who have aged out of state-sponsored foster care, Life Lines, the only nonprofit of its kind in Delaware, will offer studio apartments to 11 such young people at a new facility in the 800 block of North DuPont Street. Life Lines will offer three types of living arrangements: a shared home setting for youth at higher levels of independence who require minimal supervision; units for those requiring mid-range supervision and life skills development; and space for those in need of behavior management and life skills services. The objective of the entire facility is to prevent homelessness and increase stability in situations where youth do not have the option of returning to families nor remaining in foster care. Life Lines currently provides housing and services for 47 former foster care youth. The primary sponsor, Cornerstone West, has a long and successful record of bringing affordable housing projects to fruition.
Manchester Manor Self-Help
Laurel, DE
Member
County Bank
Sponsor
Milford Housing Development Corporation
Total Units: 14
Total AHP Grants: $70,000
Total Development Costs: $2,422,000
In this project, 14 low- and very-low-income families will come together and work as a group to build their homes and those of their neighbors. These families will work a minimum of 30 hours per week for several months, and there will be no move-ins until all construction is complete. The construction will occur in the Manchester subdivision in Laurel, a diverse neighborhood where many homes have been sold to above-median income buyers. Prospective buyers will receive pre-construction counseling, construction supervision, financial management guidance and post-occupancy counseling.
Mother Teresa House
Wilmington, DE
Member
ING Bank
Sponsor
Ministry of Caring
Total Units: 7
Total AHP Grants: $204,550
Total Development Costs: $856,650
Mother Teresa House will provide permanent affordable housing with supportive services to very-low-income men and women disabled by HIV/AIDS. The facility will house six residents and one manager. Each resident will be accommodated in a suite that includes a bedroom and bath. This group home will offer residents privacy within a supportive environment and services to address their individual needs.
West Virginia
Coalfield Housing
Robson, WV
Member
United Bank
Sponsor
Southern Appalachian Labor School
Total Units: 10
Total AHP Grants: $93,749.90
Total Development Costs: $380,000
This project, which rehabilitates the aging homes of lower-income families in southern West Virginia, centers on providing at-risk high school dropouts with an opportunity to engage in manual labor, rehabilitating and repairing ten dilapidated and energy-inefficient homes in Fayette County. Project workers will be dropouts and criminal offenders re-entering the community. AHP funds will be applied toward building materials and crew supervision.
Fairmont Home Rehabilitation Program
Fairmont, WV
Member
United Bank
Sponsor
Fairmont-Morgantown Housing Authority
Total Units: 14
Total AHP Grants: $211,566
Total Development Costs: $217, 126
Patterned after FHLBank Pittsburgh’s Homeowner Rehabilitation Pilot Program of 2007, this joint project with the sponsor housing authority would rehabilitate existing homes in the Maple Ogden, Windmill Park and Jackson Addition areas of the City of Fairmont as part of a wider initiative to revitalize the community. The target area for rehab work has a large concentration of elderly, disabled and low-income homeowners in need of modest home repairs. Many of the homes have gone for years without maintenance or upkeep, raising both safety and aesthetic issues. Under a five-year forgivable loan program mirroring the 2007 HRP, the housing authority will help homeowners make needed upgrades to their properties, with an average repair cost of $13,500 per project. To date, the housing authority has completed 53 housing rehabs for Morgantown homeowners. This project represents an extension of that initiative as part of the larger revitalization effort under way in the targeted neighborhood.
River Bend Gardens
Franklin, WV
Member
Pendleton Community Bank
Sponsor
Almost Heaven Habitat for Humanity
Total Units: 15
Total AHP Grants: $225,000
Total Development Costs: $1,756,126
Fifteen affordable housing units will be created through the development of five mansion-style townhouse buildings in the Franklin District of Pendleton County. The units will serve homeless, disabled and able-bodied families. As always, the homes will be constructed around a plan of sweat equity, other volunteer labor and supplies and zero percent mortgages.
Out of District
Danville Family Homes
Danville, VA
Member
PNC Bank
Sponsor
Buckeye Community Hope Foundation
Total Units: 40
Total AHP Grants: $250,000
Total Development Costs: $8,415,057
Danville Family Homes will consist of 40 stick-built, single-family dwellings, 35 of them on a 54-acre site on Richmond Boulevard between Forestlawn Drive and Wrenn Drive and five others on scattered sites conveyed by the Danville Housing and Redevelopment Authority. The complex will serve families and individuals with incomes at or below 60% of the area median income and include eight units dedicated to meeting the needs of the mentally or physically disabled, the chemically dependent or persons with AIDS. This lease-purchase development under the Low-income Housing Tax Credit program carries an initial 15-year compliance period, after which residents have the right of first refusal to purchase their home. If the homes are not sold, they will remain affordable for an additional 15 years. A variety of counseling services will be available during the compliance period.
Syracuse Neighborhood Stabilization Program
Syracuse, NY
Member
Citizens Bank of Pennsylvania
Sponsor
Home HeadQuarters, Inc.
Total Units: 25
Total AHP Grants: $250,000
Total Development Costs: $4,399,457
This first-time homebuyers project, to be located on Tully and Gifford streets, consists of rehabilitating 24 vacant homes, constructing 13 new homes and demolishing six derelict properties as part of a targeted neighborhood revitalization plan. Homes will be sold to buyers at or below 120% of area median income. With additional funding for down payment and closing cost assistance through the AHP, 25 of these 37 homes will be within reach of homebuyers with incomes at or below 80% AMI. This FHLBank funding will provide up to $10,000 in assistance to ten homebuyers with incomes between 51-60% AMI and 15 others with incomes between 61-80% AMI.
Villages at Eagle Pointe IV
Bossier City, LA
Member
Chase Bank USA
Sponsor
Housing Authority of the City of Bossier City
Total Units: 48
Total AHP Grants: $250,000
Total Development Costs: $5,072,118
To stem declining property values, bolster existing single-family neighborhoods and serve the housing needs of lower-income families, the sponsor housing authority plans a comprehensive revitalization of the Riverwood Apartments site in this northwest Louisiana community near Shreveport. Quality affordable housing is in short supply in Bossier City and this replacement housing for the old Riverwood complex will help meet that need. The AHP funds under FHLBank’s grant will be applied to Phase IV of the overall project, which is related to the construction of units for elderly and frail elderly. Riverwood was built more than 50 years ago and was purchased from U.S. HUD by the local housing authority in 1996.
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