affordable rentals
Coverage of affordable rentals in the Nexus archive.
- Mayor Parker vows to help preserve hundreds of subsidized rentals in the West Philly area
Mayor Cherelle Parker stated that her administration is working on a plan to potentially save nearly 1,000 affordable rentals in West and Southwest Philadelphia. The properties belong to Neighborhood Restorations, whose federal tax credits are expiring as owner Jim Levin seeks to sell the portfolio. Residents and tenants fear displacement if the buildings are not secured by city funding.
- A $425M revamp: Bartram Village in Southwest Philly will be replaced with 500+ affordable rentals
Philadelphia Housing Authority plans to demolish Bartram Village in July as part of a $425M project to build over 500 affordable rental units. The initiative aims to expand the agency's real estate portfolio, with PHA President Kelvin Jeremiah highlighting the goal of creating desirable homes for all income levels. Mayor Cherelle Parker's public safety emergency declaration allowed the project to bypass delays from federal historic review.