PHILADELPHIA – March 3, 2022 – The Philadelphia Housing Authority (PHA) has selected four community-based development partners to renovate 53 vacant and distressed homes in the rapidly changing Brewerytown neighborhood of North Philadelphia.
The four groups selected following an evaluation of proposals include Trades for a Difference and Benchmark Real Estate Partners (23 properties): Lower North Philadelphia CDC (7 properties): Jumpstart Philly (14 Properties), and Devcon Group LLC/Townes Mechanical (9 properties).
“This is a very exciting initiative for us because our well-qualified partners will be developing these long-neglected properties into homes for sale to low-to-moderate-income families,” said PHA President & CEO Kelvin A. Jeremiah. “In addition, the developers will work closely with our homeownership team to prioritize PHA and neighborhood residents as buyers for the rebuilt homes. Our goal is to help them remain in their community and enjoy the benefits of owning a home while building generational wealth. I am deeply appreciative of Council President Darrell Clarke and his staff for their support of this important initiative that, when completed, will transform blighted properties into affordable homes.” “We’re proud to work with our partner at the Philadelphia Housing Authority in support of building these affordable homes for sale in Brewerytown,” said City Council President Darrell L. Clarke (5th District), whose district includes the community. “It’s through partnerships like this one with PHA and other developments focused on affordable homeownership and affordable rental housing that we can make affording housing more accessible to more residents in North Philadelphia and citywide. Through our Neighborhood Preservation Initiative, the city is poised to spend $400 million over the next several years building affordable homes for residents, helping first-time homebuyers purchase existing homes, protecting renters from eviction, and taking a wide array of other action steps to preserve and revitalize Philadelphia’s most precious resource: our neighborhoods.”
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