Recently, RHLS celebrated the rededication of Market Square Apartments in Reading, Pennsylvania, in honor of the preservation of 38 units of housing for low-income senior citizens. The rehabilitation of the building, originally built in 1997, included a new roof, new windows, a water-shedding insulated wall system, and a complete replacement of the building’s facade, as well as weatherization efforts to minimize environmental impact and increase utility affordability.
Managed by the Housing Development Corporation (HDC) Mid-Atlantic, the one and two-bedroom, pet-friendly apartments offer housing with access to public transportation right in the heart of Reading. The apartments feature large windows, twenty-four hour emergency maintenance, and supportive services.
The preservation of developments like Market Square Apartments is vital to allowing Pennsylvania’s seniors to stay independent. As discussed in some of our other blog posts, the need for housing for seniors in Pennsylvania is significant, having the fourth largest population of individuals over the age of sixty-five in the country.
The $2.7 million renovation will ensure that the apartments remain affordable for seniors in the Berks County area through 2045. Learn more about the apartments and renovation project on the HDC Mid-Atlantic website.
RHLS Deputy Director/Senior Attorney for Multi-Family Housing, Dina Schlossberg, represented HDC Mid-Atlantic, providing services on matters related to the partnership agreement and construction loan financing.
RHLS worked with HDC Mid-Atlantic last year on Mountain View Terrace, another senior housing facility in New Holland, Pennsylvania.