A new affordable housing project has been completed in West Powelton. 4050 Apartments, a 24,350 square feet three-story building, is designed for low-income artists, families, and others. The new building, which contains 20 one-, two-, and three-bedroom units, has replaced a large vacant lot.
The grand opening and ribbon-cutting ceremony for this project will take place on Wednesday, Jan. 25, from 2-3 p.m. Attendees will be asked to create artwork together, including a large map of the local neighborhoods and a rope of cloth strands braided together to represent the impact of developments that incorporate the arts, community and housing available to all.
4050 Apartments is located just off of the prominent intersection of 40th Street, Lancaster Avenue, and Haverford Avenue. The project was spearheaded by the PEC Community Development Corporation, which has been building affordable housing in the Lower Lancaster Avenue area of Philadelphia’s Promise Zone for more than twenty-five years, and is operated in conjunction with Philadelphia Housing Authority.
The building is expected to be fully occupied by the end of March, 2017. More information about this affordable housing project is available here.
January 24th, 2017 at 2:04 pm
I’ve seen the early and mid stages of this building’s inception. It is absolutely breathtaking. The use of space and parallel (I’m not going to get too technical for lay folks) checking makes this low income artist space not only cost efficient for the square footage but just a completely marvelous turnaround for this up and coming neighborhood. Huzzah! Musicians and artists could really give a makeover to this sleepy block that has just remained bland for the last 50 years.
January 29th, 2017 at 12:01 am
With all the money spent, they could’ve buried the power lines. Geesh!
February 1st, 2017 at 11:30 am
Wish they made it easier to find out exactly how affordable these units are, I’m sure I’m not the only artist who’s been burned by advertised “affordable” art/loft spaces that ended up pricing out creatives immediately and exclusively housing yuppies. Especially if they want so much application info and essays and stuff up front, could go through all of that only to find out it’s simply out of your price range. Also probably no coincidence that info probably gives them a decent idea of how much you could afford to pay…