|
Cecil B. Moore Homeownership Zone: Phase 3
In April 1997, the City was awarded funding under the Homeownership Zone Program to develop a total of 296 units (214 new construction, 82 rehabilitated units) of housing in the Cecil B. Moore neighborhood. The City received an EDI grant of $5.52 million and $18 million in Section 108 loan funds. The Philadelphia Housing Development Corp. was the developer for Phases 1 and 2.
Phases 1A, 1A1 and B:
The construction of the first 32 houses - new construction and rehabilitation - on the 1400 through 1700 blocks of N. 18th Street and the 1600 and 1700 block of West Oxford Street was completed in 2002. In 2000 construction began of 39 units at the former Sink Ironworks site on the 1800 block of Jefferson Street and rehabilitation on the 1400 block of N. 18th Street. These units were completed in 2002. Three historic brownstone buildings on the 1700 block of N. 18th Street were converted into owner-occupied duplex units and completed in 2003.
Phase 2
In 2000 planning began for this phase containing 42 units of new and rehabilitated housing on the 1400 to 1700 blocks of Bouvier, Master, Jefferson and Oxford Streets. There are two groups of historic renovations amongst these houses.
Phase 3
In December 2002, the RDA issued an RFP for a development partner to complete the final 151 units in an expanded Phase III. The goal is to increase impact and value by building at scale and to develop in accordance with a master plan for the area. A joint venture between OKKS Development and the Michaels Development Corp. was selected in the RFP process. This joint venture formed a Community-Based Development Organization with H.E.R.B. Inc., known as H.E.R.B. CDC to develop the remaining 151 units. Planning and acquisition is on-going. Construction began in the fall of 2005.
|
Location:
Master Street to Montgomery Avenue from 19th to 20th Street and the 1700 block of North Gratz Street. Adjacent to Temple University.
Development:
151 new homes for sale at a range of prices
Developer:
Phase 3 - H.E.R.B. CDC
Funding:
Homeownership Zone Funds
EDI Grant
Section 108 Loan Funds
NTI Bonds for acquisition, demolition, remediation, land assembly
|
