Cobbs Creek Commons

New Markets Tax Credit Coalition

Philadelphia,
PA
(2020)

Cobbs Creek Commons

Community, Mixed-use

Acquisition and renovation of a 33,938 sq. ft. building by an providing below-market leases to three small tenants in a low-income community.

Investment

NMTC Amount: $1,730,000
Total Project Cost: $1,959,599

IMPACT

20 FTE jobs
1 construction jobs
33,938 sq. ft. of real estate

CDEs

PIDC Community Capital

Investor

Unknown

Project Description

Acquisition and renovation of a 33,938 sq. ft. building by a small local developer providing below-market leases to three small tenants in a low-income community. Tenants are an electrical supply company, a commercial cleaning company, and a church.

MAP

Address: 112 North 63rd Street, Philadelphia, PA 19139

Census Tract: 42101009600

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