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News Updates: (show all)
1260 honored with PACDC 2013 Blue Ribbon Award for Excellence in Community Development
MPB School Preservation Underway
$3M HUD Grant Brings Energy Innovation to Affordable Housing in Philadelphia!
MPB School Preservation Project Receives LIHTC Allocation
Temple II North Gratz Street Awarded LEED Platinum Certification
1260 Celebrates Temple I - North 16th Street: LEED Certification & Ribbon-Cutting
Temple II North Gratz Preservation Project Now Under Construction
Preservation Project - Temple II - Receives Tax Credit Allocation
1260 honored with PACDC 2013 Blue Ribbon Award for Excellence in Community Development Saturday, April 20, 2013 On April 19, 1260 Housing Development Corporation was awarded PACDC’s 2013 Blue Ribbon Award for Excellence in Community Development for two recent affordable housing developments: Temple I and Temple II in North Philadelphia and Walnut Hill West in West Philadelphia. Near Temple University, 98 affordable rental apartments in 50 historic townhomes give the disabled and vulnerable individuals healthy and affordable homes. And at 56th and Walnut, 32 renovated apartments with energy-efficient appliances are home to veterans and others in six buildings. Nicetown CDC also won a Blue Ribbon Award for Nicetown Court I and II, both mixed-used developments. Individuals who were recognized include Angel Palmer, Manager of Emergency Food Programs at M.A.P. Holistic CDC who received the Community Leader Award for outstanding volunteers; and Alex Balloon, Commercial Corridor Manager for Tacony CDC, and Rebecca Johnson, Executive Director of Fairmount CDC. Both received PACDC’s Rising Star award for individuals under 40. Labels: historic, North Gratz Street, North Philadelphia, Philadelphia, preservation, rehabilitation, Temple I, Temple II, Walnut Hill West MPB School Preservation Underway Monday, January 07, 2013 This historic parish school in North Philadelphia and the 28 affordable apartments inside are being restored and preserved, thanks to an allocation of low income housing tax credit from the Pennsylvania Housing Finance Agency.  The MPB School is listed on the National Register for Historic Places and has unusual and attractive architectural features. In the photos below, you can see the restoration of the historic bell tower, as well as the wide hallways that give this building its character. The school building was converted to affordable housing in 1993.
  Market studies show that residents of this neighborhood are particularly dependent on subsidized or below-market rentals. Due to recent growth in North Philadelphia, particularly around Temple University, an increase in rents and real estate values spurred by increasing demand for student housing has contributed to a disturbing 14% loss of North Philadelphia’s subsidized units over the past five years, making the preservation of these affordable rental units even more important to the community. The equity generated by the tax credits will fund a major rehabilitation of the project, keeping the project affordable to residents with incomes at or below 20-60% of Area Median Income. The area surrounding the development is the focus of numerous community-planning and redevelopment efforts, and this project contributes to a tangible sense of community revitalization. Labels: energy efficiency, Enterprise Green Communities, historic, MPB School Apartments, North Philadelphia, preservation, rehabilitation $3M HUD Grant Brings Energy Innovation to Affordable Housing in Philadelphia! Wednesday, September 12, 2012 A $3 Million HUD Energy Innovation Grant will bring energy efficiency to affordable housing in 1260's portfolio. This grant is one of the two largest made across the country.
The goal is to cut energy consumption by 20 percent, which adds up to a lot of extra “income” for these very low income households. In fact, the units in this project primarily serve individuals and families with behavioral health challenges and other special needs - a subgroup that has not yet been studied in this regard. Jane Vincent, HUD regional administrator, says the energy monitoring is the most vital part of the plan. “We are hoping that this will show if you can monitor your energy use you might say, ‘Let me turn off that light ... or turn the heat down a degree or two,’” Vincent said. Hear her interview with WHYY Newsworks. Funding. In addition to the HUD Energy Innovation Grant, this project will be funded through 4% low income housing tax credit and tax-exempt bond financing, which will ensure that the units are not only energy efficient, but also remain affordable for at least 30 years into the future. Click here for the Press release. Labels: energy efficiency, LIHTC, North Philadelphia, Northeast Philadelphia, preservation, rehabilitation, West Philadelphia MPB School Preservation Project Receives LIHTC Allocation Saturday, April 14, 2012
 The equity generated from the credits will provide $8.3 Million to support the substantial rehabilitation of this historic parochial school building and provide much-needed affordable housing for working class families in this neighborhood. This historic building once housed the parochial school for the adjacent Most Precious Blood (MPB) Roman Catholic Church. The MPB School was renovated 20 years ago as a low income housing tax credit project. 1260 took it over in 2008 with the intent of preserving this affordable housing for low income families in this improving area of the city. It is anticipated that construction will be completed in late 2013. The rehabilitation work is designed to meet Enterprise Green Communities Criteria. Labels: Enterprise Green Communities, historic, LIHTC, North Philadelphia Temple II North Gratz Street Awarded LEED Platinum Certification Thursday, November 03, 2011 Temple II North Gratz Street has been certified LEED® for Homes™ Platinum! This historic rehabilitation of 29 brownstone buildings on the 1500 block of North Gratz Street has preserved 40 units of affordable family housing in the vicinity of Temple University in North Philadelphia and is the largest gut rehabilitation project certified under the LEED for Homes program at the Platinum level in the United States.  A celebration was held on November 3 to celebrate the revitalization of this block. We were honored to have many of our funders, board members, and community leaders, and tenants present. Highlights of the day included words of appreciation from resident Monique Bagley, followed by a ribbon cutting ceremony, as well as a few selections by the Society Church Choir & the R.M Warren Silent Choir, both from the Society for Helping Church (Deaf & Hearing).   The LEED Platinum certification and Enterprise Green Communities award underline 1260's committment to making green and affordable housing one and the same. Not only is it better for the health of our residents, but it directly impacts the stability and sustainability of the entire neighborhood.  The rehabilitation and restoration of historic housing stock preserves the integrity of the neighborhood and contributes to the revitalization of the community.  Labels: historic, LEED, LIHTC, North Gratz Street, North Philadelphia, preservation, rehabilitation, ribbon-cutting, Temple II 1260 Celebrates Temple I - North 16th Street: LEED Certification & Ribbon-Cutting Tuesday, June 14, 2011
 The Temple I project not only preserves 58 units of affordable housing for families living in the community, it also marks the largest affordable gut rehab project in the country to receive LEED for Homes Gold certification. The project features Forest Stewardship Council-certified lumber, non-toxic finishes, high-efficiency plumbing, white roofs, and drought-tolerant landscaping. Here are some of the day’s highlights in photos:
Labels: historic, HUD 811, LEED, LIHTC, North Philadelphia, preservation, rehabilitation, ribbon-cutting, Temple I Temple II North Gratz Preservation Project Now Under Construction Wednesday, March 02, 2011
Designed to qualify for LEED® Gold certification, the sustainable design features of this project directly impact the sustainability of the surrounding community. Not only will the native vegetation and run-off swales reduce flooding and add natural beauty to the environment, but the energy savings the tenants will realize in their energy-efficient units (with extra insulation, Energy-Star appliances, and high-efficiency plumbing) will allow for more discretionary income to be spent in the community. In addition, the no-VOC interiors and extra day-lighting provide immeasurable health benefits to the residents and their children. Additional sustainable design elements of the project include: Forest Stewardship Council (FSC) certified lumber; high content recycled building materials, HCFC-free Energy Star mechanical systems, and new Energy-Star Low E argon filled replacement windows. A white roof system helps reduce the “heat island” effect, and all site work is conducted in a manner to minimize disturbance of native vegetation and soil within the construction area. Erosion and sedimentation controls are in place, and a construction waste recycling program has diverted 85% of the waste from landfills to recycling facilities. More information, including funding sources, can be found here. Labels: LEED, LIHTC, North Gratz Street, North Philadelphia, preservation, rehabilitation, Temple II Preservation Project - Temple II - Receives Tax Credit Allocation Sunday, August 01, 2010
 The Pennsylvania Housing Finance Agency has awarded 1260 an allocation of low income housing tax credits for the Temple II North Gratz project. This is the final piece of the financial puzzle that includes historic tax credits, Federal Home Loan Banks of Pittsburgh and New York, City of Philadelphia funds and a permanent mortgage.The equity generated from the credits, in addition to historic tax credits, will provide $11,066,825 in funding to support the preservation of 40 units of affordable housing on the 1500 block of North Gratz Street in North Philadelphia. The project was originally renovated over 20 years ago as a tax credit project, and 1260 took it on after the initial compliance period ended in order to revitalize and preserve it as affordable housing in an area that has great need for that type of housing, but is in danger of losing it to student housing for Temple University. It is anticipated that closing on all funding sources will take place in the fall and construction will be completed in late 2011. Labels: LIHTC, North Gratz Street, North Philadelphia, preservation, rehabilitation, Temple II |
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