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Affordable Housing Program
2010 Funding Round Recipients
Eastern Pennsylvania
Delaware
West Virginia
Eastern Pennsylvania
Cedar-NHRI
Scranton, PA
Member:
PNC Bank
Sponsor:
United Neighborhood Community Development Corporation
Total Units: 10
Total AHP Grants: $92,230
Total Development Costs: $2,715,936
In South Scranton, United Neighborhood CDC has identified the city block bounded by Alder Street, Cedar Avenue, Willow Street and Rosen Court for its revitalization efforts. The organization will purchase vacant lots or foreclosed-upon abandoned properties, demolish them and construct six new townhomes for sale as well as four new single-family homes for sale. This Lackawanna County project will set aside two units for the physically or mentally disabled.
Approved funding comes from the City of Scranton, PNC Bank via a DCED Neighborhood Assistance Program grant, soft debt from DCED and federal Neighborhood Stabilization Program funds. Construction is scheduled for completion at the end of 2012.
Fairmount Gardens
Philadelphia, PA
Member:
PNC Bank
Sponsor:
Project H.O.M.E.
Total Units: 55
Total AHP Grants: $250,000
Total Development Costs: $14,011,718
To be located in the Francisville neighborhood, Fairmount Gardens is a new construction, four-story facility comprised of 36 efficiency and 19 one-bedroom apartments, about 4,000-square-feet of commercial space and 6,000-square-feet of retail space. To be located at 1500 Fairmont Avenue, this mixed-use project will serve individuals with incomes no greater than 60 percent of the AMI, and 25 units will be reserved for the homeless. Individuals with special needs will also be served.
420 East Broad
Tamaqua, PA
Member:
PNC Bank
Sponsor:
Alliance for Building Communities, Inc.
Total Units: 12
Total AHP Grants: $72,000
Total Development Costs: $3,878,768
420 East Broad Street is an abandoned brick building near Tamaqua’s central business district and adjacent to the recently completed LIHTC 401 Hazle project for seniors also developed by this sponsor. 420 East Broad is designed as the second phase of this adaptive reuse complex. Twelve apartments will serve additional seniors in this FHLBank “Blueprint Community” that was recently recertified, and three units will be dedicated to special needs individuals. Construction is scheduled to conclude at the end of 2011.
Approved funding comes from PennHOMES, LIHTC, and an Historic Tax Credit.
NewCourtland Apartments at 1900 West Allegheny Avenue
Philadelphia, PA
Member:
PNC Bank
Sponsor:
NewCourtland
Total Units: 60
Total AHP Grants: $250,000
Total Development Costs: $14,215,478
NewCourtland is revitalizing a former brownfield site at 1900 West Allegheny Avenue in the Tioga neighborhood of Philadelphia by creating an elder campus. The second phase of development at this site will be a 60-unit new construction project for low-income seniors. The seven-story building will be restricted to residents 62 years and older. Nearly 100 percent of the rental units will be targeted to incomes at or below 50 percent AMI. This project is in keeping with the sponsor’s overall mission of supporting seniors in their quest to live independently for as long as possible. Tioga is an FHLBank-designated “Blueprint Community”. Project construction is scheduled for completion in the fall of 2012.
Patriot House
Philadelphia, PA
Member:
PNC Bank
Sponsor:
CATCH, Inc.
Total Units: 15
Total AHP Grants: $250,000
Total Development Costs: $2,950,000
CATCH (Citizens Acting Together Can Help, Inc.) will expand the supply of permanent supportive housing for chronically homeless men and women who are also veterans with mental health, substance abuse disorders, or both. Thirteen one-bedroom apartments and two efficiencies will be located in three-story buildings at 1221-25 South 15th Street and in one two-story building at 1232-34 Carlisle Street in South Philadelphia. Many of the tenants will have been living on the streets or in local shelters prior to arriving at this facility. All tenants will have incomes at or below 50 percent AMI.
Funding commitments come from HUD, OHCD HOME, and FHLBank New York. Construction is expected to be completed in the fall of 2011.
Venango Street
Philadelphia, PA
Member:
PNC Bank
Sponsor:
Project H.O.M.E.
Total Units: 54
Total AHP Grants: $250,000
Total Development Costs: $10,153,039
Located in the Tioga “Blueprint Community” supported by FHLBank Pittsburgh, this rehabilitation project will provide 54 efficiency apartments to lower-income individuals, with 25 units set aside for homeless adults with special needs and 15 for veterans. Tenants earning at or below 50 percent AMI will not pay more than 30 percent of their income for rent. Community resources nearby include the Salvation Army Kroc Wellness Center, Mercy Neighborhood Ministries Family Center, and Project Mercy Our Lady of Hope child care center. The Venango Street project will be a four-story facility. Project H.O.M.E. will be the developer, owner and property manager. Construction is scheduled for completion in fall 2011.
Approved sources of funds include the federal Neighborhood Stabilization Program.
Von Louhr II
Philadelphia, PA
Member:
PNC Bank
Sponsor:
ACHIEVEability
Total Units: 24
Total AHP Grants: $240,000
Total Development Costs: $7,252,030
In West Philadelphia, ACHIEVEability will preserve and upgrade the Von Louhr Building, one of the earliest LIHTC-funded developments in Philadelphia. Because the initial rehabilitation of the building has resulted in ongoing problems with maintenance and repairs, the sponsors plan to address the building’s physical needs and create an operating model that is sustainable in the long-term. Because the building is essentially three eight-unit structures joined together, construction can occur in one wing without displacing existing tenants as it proceeds at 15-25 South 61st Street.
Commitments include funding from LIHTC, PennHOMES, and FHLBank New York.
Women Against Abuse Sojourner House
Philadelphia, PA
Member:
Citizens Bank of Pennsylvania
Sponsor:
Women Against Abuse
Total Units: 12
Total AHP Grants: $250,000
Total Development Costs: $1,520,000
This project involves the rehabilitation of a transitional housing center for families made homeless by domestic violence. The structure, more than 100 years old, is aimed at providing women fleeing life-threatening domestic situations – and their children – with support services as they progress toward self-sufficiency. Program participants make contact with the sponsor via the Philadelphia Domestic Violence Hotline, operated and administrated by Women Against Abuse. In addition to Sojourner House, the sponsor also operates a 100-bed emergency shelter that was praised by Philadelphia’s Office of Supportive Housing as the top-rated shelter in the city during site inspections. In 2009, Sojourner House had to turn away nearly 4,700 requests for shelter due to full capacity – nearly triple the number in 2008 and the highest number in agency history.
Approved funding comes from FHLBank New York.
Delaware
Georgetown Point Phase 1
Georgetown, DE
Member:
Fulton Bank
Sponsor:
Sussex County Habitat for Humanity, Inc.
Total Units: 5
Total AHP Grants: $250,000
Total Development Costs: $722,500
The Georgetown Point subdivision is a middle-income neighborhood in Georgetown, two blocks from Route 113, the major north-south highway in Sussex County. This Habitat chapter will build three- and four-bedroom homes with garages for families having incomes of 30-60 percent of the area median income. One home will house a special needs family, and another, a homeless family. An approved Delaware State Housing Authority (DSHA) grant will contribute to the development budget.
West Virginia
Algoma Apartments
Northfork, WV
Member:
Pioneer Community Bank
Sponsor:
SAFE Housing & Economic Development, Inc. (SHED)
Total Units: 8
Total AHP Grants: $250,000
Total Development Costs: $1,037,000
Rehabilitation of the Algoma Company Store at 158 Coal Car Road will allow SAFE to create eight rental units for low-income individuals in McDowell County. The project will include two two-bedroom and six one-bedroom units. In addition, a community wellness center will be developed at street level which will be accessible to the tenants and members of the public. Travel Beautiful Appalachia, Inc. will help plan and develop this first-floor feature while SHED will focus on the rental units, two of which will be reserved for homeless. Committed funds from the West Virginia Housing Development Fund, West Virginia Historic Preservation, West Virginia HUB and the West Virginia Council of Churches help meet budget. The facility is expected to be ready for occupancy in June 2011.
Coalfield Housing
Fayette County, WV
Member:
United Bank
Sponsor:
Southern Appalachian Labor School
Total Units: 10
Total AHP Grants: $81,200
Total Development Costs: $380,000
Ten dilapidated, energy-inefficient homes will be rehabilitated and repaired as part of the sponsor’s ongoing program of restoring viable affordable housing in Fayette County. The project lies within the top Neighborhood Stabilization Program county (Fayette) based on foreclosures. Post-homeownership counseling, credit counseling and onsite primary healthcare services are some of the outreach services that will be made available to residents. Two of the properties will specifically serve the physically or mentally disabled. Rural USDA has committed funds to this project, which is expected to be completed by the end of 2011. To date, the Southern Appalachian Labor School has completed 160 rehabs, 20 new homes, and 900 home repairs in the region.
Fairmont Southside Home Rehab Program
Fairmont, WV
Member:
United Bank
Sponsor:
Fairmont Housing Authority
Total Units: 7
Total AHP Grants: $98,483
Total Development Costs: $105,233
This “Blueprint Community” sees owner-occupied rehabilitations as a key tool in community renewal. The target area for this project, a mixed-use neighborhood with mixed income, consists of city streets 1st through 4th, Walnut Avenue and Albert Court and the neighboring area of 5th and 6th streets to Coleman Avenue and Virginia Avenue. Property deterioration is largely evident from the street along these blocks, as the seniors who reside in many of these homes, sometimes also disabled, do not have the physical or financial means to make repairs. AHP funds will be used to rehab seven homes for low-income families within the target area. Fairmont Housing Authority has already completed more than 90 similar rehabs within its service area, all involving FHLBank funding.
The Flats
Wheeling, WV
Member:
WesBanco Bank
Sponsor:
Greater Wheeling Coalition for the Homeless
Total Units: 18
Total AHP Grants: $41,370
Total Development Costs: $563,766
The Coalition recently purchased a more than century-old three-story brick building that it will convert to housing for 18 homeless individuals with disabilities. The program will provide shelter for clients who are single adults with a disability and income standing at less than 30 percent of AMI. To be located at 102 Fourteenth Street, The Flats will also provide clients with counseling, employability training and educational services. Significant rehabilitation work is needed prior to this facility’s projected opening in 2012.
AHP gap funding represents the final piece of the financial puzzle for this project, which has already received funding commitments from state and federal agencies.
The Healing Place of Huntington, WV
Huntington, WV
Member:
First State Bank
Sponsor:
The Healing Place of Huntington
Total Units: 100
Total AHP Grants: $250,000
Total Development Costs: $2,430,668
To be developed through the conversion of Old Lincoln School, The Healing Place of Huntington, modeled on a successful residential recovery program in Louisville, KY named “A Model That Works” by the U.S. Department of Health and Human Services, will pursue a mission of reducing addiction and substance abuse among tenants. Clients of this new facility likely will include male, unemployed, and undereducated individuals, some with criminal records. The old high school’s gymnasium will be converted into a two-story residence to be divided between the first and second phases of this recovery program. In 2008, only 275 available beds existed in West Virginia to shelter the state’s substance addiction population, which numbered 40,000. The Healing Place of Huntington, to be located at 2425 Ninth Avenue, hopes to help close that gap. Fifty percent of the facility’s units will be reserved for the homeless.
Approved funding comes from a variety of five different state government subsidies as well as community donations. Occupancy is scheduled to begin in November 2011.
White Sulphur Springs AHP Project
White Sulphur Springs, WV
Member:
Pendleton Community Bank
Sponsor:
Almost Heaven Habitat for Humanity
Total Units: 5
Total AHP Grants: $70,000
Total Development Costs: $636,600
The construction of four new homes and rehabilitation of a fifth comprise this Habitat project at 892 Tuckahoe Road in White Sulphur Springs. Through its time-tested model, Habitat will engage volunteers as well as approved owners who engage in “sweat equity” to construct these energy-efficient homes with donated materials. All mortgages carry zero percent interest. One of the five homes will serve a physically or mentally disabled individual.
Habitat for Humanity of West Virginia has committed funds toward the completion of this project, the first conducted by Almost Heaven Habitat since its merger with Greenbrier Habitat for Humanity. The project will be completed in 2012.
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