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  • Philadelphia,
  • PA
  • (2021)

Habitat for Humanity Philadelphia

District: Dwight Evans (D-PA03)

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

Investor

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

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