Cobbs Creek Commons

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

Other Pennsylvania Projects

Greater Pittsburgh Community Food Bank

Duquesne,
PA
(2020)

Community, COVID-19, Shelters and Community Food

CDE(s): PNC, Rural Development Partners

NMTC financing for a food bank's sourcing, warehousing, and distribution efforts.

421 7th Avenue

Pittsburgh,
PA
(2009)

Community, Historic Rehabilitation, Mixed-use

CDE(s): Commonwealth Cornerstone Group

The 421 Seventh Avenue building is located on a prominent corner in the Pittsburgh Central Downtown Historic District, which is listed in the National Register of Historic Places of the

Maternal and Family Health Services, Inc., Circle of Care

Scranton,
PA
(2023)

Healthcare

CDE(s): Community Hospitality Healthcare Services, PNC

Renovation of a 14,000 sq. ft. women's health care clinic.

201 Stanwix Street

Pittsburgh,
PA
(2011)

Adult Education, Affordable Housing, College or Vocational Training, Community, Housing, Mixed-use, Schools

CDE(s): CCG Community Partners, Commonwealth Cornerstone Group, Pittsburgh Urban Initiatives, PNC

NMTC financing for the rehab of a 78,000 sq. ft. building. The 1st floor of the building is leased to a charter school on the lower levels and approximately 158