Habitat for Humanity Philadelphia

Philadelphia,
PA
(2021)

Habitat for Humanity Philadelphia

Affordable Housing, Habitat for Humanity

PHILADELPHIA HABITAT is using NMTC financing to construct the Oxford Commons Phase I and 40th Street row home projects.

Investment

NMTC Amount: $1,886,027
Total Project Cost: $5,893,301

IMPACT

26 construction jobs
22 new homes

CDEs

Habitat for Humanity

Investor

US Bank

Voices from the Community

NMTC are a tool that Habitat affiliates can use for creation of affordable housing. Currently Habitat Phila. is utilizing NMTC to provide funding for the construction of a 21-unit new, green homeownership development for households making between 30-60% AMI.

-Carrie Rathmann, Habitat for Humanity Philadelphia, Philadelphia, PA

Project Description

PHILADELPHIA HABITAT is using an $1.85M loan to construct the Oxford Commons Phase I and 40th Street row home projects. Both projects are being developed on vacant land acquired through the Philadelphia Land Bank. This phase of Oxford Commons is comprised of 10 green new homes that will be the first phase of an overall 22-unit development built by the affiliate. The 40th Street Rowhomes project is comprised of 4 newly constructed, green homes built on vacant lots in West Philadelphia. Both projects will be designed in context to the existing surrounds and urban fabric.

MAP

Address: 1535 North 33rd Street A, Philadelphia, PA 19121

Census Tract: 42101013701

Other Pennsylvania Projects

Ronald McDonald House of Philadelphia

Philadelphia,
PA
(2013)

Community, Daycare and Early Childhood, Healthcare, Ronald McDonald House, Youth and Families

CDE(s): Commonwealth Cornerstone Group, PNC, The Reinvestment Fund

A 93,000 sq. ft. expansion to Ronald McDonald's hiladelphia facilities, more than doubling the sq. footage of PRMH's existing 72,000 sq. ft. facility, for a total of more than 165,000

The Willow School

Norristown,
PA
(2008)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): Sovereign CDC

The Willow School is committed to preparing children for success in primary school by providing a standard of excellence in academic rigor alongside a delightful, engaging, and fun environment.

Stephen Klein Wellness Center

Philadelphia,
PA
(2014)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): Commonwealth Cornerstone Group, Nonprofit Finance Fund

Financing to help Project H.O.M.E. relocate its clinic.

West Philadelphia Institute

Philadelphia,
PA
(2019)

Adult Education, College or Vocational Training, Community, Healthcare, Historic Rehabilitation, Library, Retail, Vocational Training

CDE(s): PIDC Community Capital

This project involved the historic renovation of a 3-story, sq. ft. commercial office building.