While the immediate area has a solid residential base and is one of West Philadelphia’s historic neighborhood shopping centers, the commercial corridor is in considerable need of reinvestment. This project repaired vacant properties and built new mixed-use properties on vacant parcels. The development is expected to have a significant revitalizing and stabilizing effect on the corridor and surrounding neighborhood.
All residential units are rent restricted to those making at or below 60% AMI, and, given the demand for affordable housing, have nearly fully leased up. NRLP has a proven record of leasing residential properties in the West Philadelphia rental market where there is strong demand for quality, affordable housing. The rents are below market rates for superior quality properties compared to others in the area. Units include washers and dryers, central air, full kitchen amenities, security systems, private yards, basements, and low cost internet services. As with the recent NRLP projects, all residential units are to be LEED certified.