Celebrating the Grand Opening of Reliance Crossing in Souderton

Regional Housing Legal Services (RHLS) celebrated the grand opening of long-time clients Genesis Housing Corporation‘s newest development, Reliance Crossing, at the end of June. Reliance Crossing is an affordable multi-family rental project located at the crossing of North 2nd Street and East Reliance Road in Souderton Borough, Montgomery County. The development offers a selection of affordable two and three bedroom rentals for low-to-moderate income households. The property Reliance Crossingincludes a community building that features a large lounge area with a kitchenette for residents, management offices, a supportive services office, as well as a patio and outdoor playground.

The two-bedroom units range from 1,000 – 1,100 square feet, while the three-bedroom units contain between 1,250 and 1,350 square feet of space including both townhome style residences and flats. Six of these units are designed to be completely handicapped-accessible.

Developers Genesis Housing Corporation were careful to keep the character of the buildings consistent with the surrounding community, with the apartments designed as independent, but linked structures. Each also features a private entry to create a “distinct sense of place” for each resident.

Reliance Crossing was developed by Montgomery County nonprofit housing developer Genesis Housing Corporation, a nonprofit that has worked to develop affordable housing and educate consumers on housing and financial issues for over 20 years. RHLS attorneys  Kim Dolan and Dina Schlossberg provided technical and legal assistance to Genesis in closing the transaction.

The development was funded with an award of low income housing tax credits from the Pennsylvania Housing Finance Agency, Montgomery County HOME and BH/DD funds, and financing from Wells Fargo Bank and Community LeReliance Crossingnders. Genesis partnered with the Ingerman Group, leading affordable housing developer and manager of multi-family communities throughout the Mid-Atlantic region, to add high-quality and affordable units to the rental stock.