
Architect Nancy Bastian from Cecil Baker and Partners shows preliminary drawings of a proposed affordable housing building at 46th and Spruce during a meeting of the Spruce Hill Community Association planning committee on Monday evening. (Photo by West Philly Local)
A non-profit told the Spruce Hill Community Association and a handful of nearby residents that it hopes to construct a four-story affordable housing building on the site of a burnt-out one-story structure at 46th and Spruce.
The Mission First Housing Group‘s building would include 24 one- and two-bedroom rental apartments aimed at people with a household income of $32,000 a year or less, according to Mark Deitcher, Mission First’s director of business development.
“Our plan is to replace affordable housing with affordable housing,” he said.
A fire gutted the building in February 2011, essentially putting out of business the non-profit that ran an assisted care living facility on the site. The insurance proceeds from the fire were not enough to cover rebuilding. Mission First is currently managing the property on the owner’s behalf and recently shored up the building’s roof and replaced windows by city order.
The project depends on a successful application for funding from the state. Mission First would own the property and fund the building’s construction through the Pennsylvania Housing Finance Agency’s low income housing tax credit program, which would provide funding for the project. Deitcher said he expects the project to cost about $7 million, or about $200 per square foot. Funding applications are due late this year or maybe early next year, so completion of the project, if approved, is still a couple of years away. Mission First would also manage the building once constructed. Continue Reading
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