Project HOME broke ground on the fifth affordable housing project funded by the Middleton Partnership last week. The brand new facility will include 2,457 feet of retail space and 88 units of affordable housing for homeless and formerly homeless individuals.
A portion of these units will be dedicated to serving the needs of young adults, a population with an increasing risk of homelessness. According to The 2015 Annual Homeless Assessment Report (AHAR) provided to Congress by the U.S. Department of Housing and Urban Development, nearly 37,000 unaccompanied youth were homeless in the past year across the United States of America.
In addition to providing critically-needed housing for vulnerable populations in Philadelphia, 2415 North Broad Street will provide residents with access to services including employment, healthcare, and education through Project HOME’s wide network of supportive services, including the recently opened Stephen Klein Wellness Center.
With the development positioned in short walking distance to the Broad Street Line and other North Philadelphia transit hubs, residents will have the ability to travel throughout the city.
Regional Housing Legal Services’ Chief Counsel, Mark Levin, assisted by Staff Attorney Jack Stucker, has provided representation for Project HOME during the planning process. 2415 North Broad is the fifteenth project that RHLS has provided legal counsel for Project HOME.
In addition to funding provided by the Middleton Partnership, the project will be funded by Low-Income Housing Tax Credits, the Federal Home Loan Bank of Pittsburgh, the Philadelphia Housing Authority, the City of Philadelphia, T.D. Bank, PNC Bank, Capital One, and the National Equity Fund.
Check back soon for construction updates as well as for coverage of the building’s grand opening.