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News Updates: (show all)
Construction at MPB School Nears Completion
1260 honored with PACDC 2013 Blue Ribbon Award for Excellence in Community Development
MPB School Preservation Underway
Walnut Hill West Celebrates New Life
$3M HUD Grant Brings Energy Innovation to Affordable Housing in Philadelphia!
Read About Us in American Builders Quarterly
Solar Panels Installed at Walnut Hill West Today!
56th & Walnut Construction Updates
1260 Receives Housing for Everyone Award from TD Charitable Foundation
Temple II North Gratz Street Awarded LEED Platinum Certification
Construction Set to Begin at 56th & Walnut
1260 Celebrates Temple I - North 16th Street: LEED Certification & Ribbon-Cutting
Temple II North Gratz Preservation Project Now Under Construction
Chandler Street to Provide Affordable Housing for Individuals with Disabilities
Temple I - North 16th Street Project Nears Completion
Preservation Project - Temple II - Receives Tax Credit Allocation
Construction at MPB School Nears Completion Wednesday, May 01, 2013 The historic rehabilitation of the MPB School is expected to wrap up later this summer.    Labels: energy efficiency, Enterprise Green Communities, historic, LIHTC, MPB School Apartments, preservation, rehabilitation Comments: 0 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 Walnut Hill West Celebrates New Life Thursday, October 25, 2012 Yesterday, 1260 celebrated the ribbon-cutting of Walnut Hill West - 32 fully renovated, green and affordable apartments in West Philadelphia.
Ms. Teena Watson, resident, told the story of her family's journey to Walnut Hill West. Six months ago, she was in Erie, looking to relocate back to Philadelphia and wondering if a homeless shelter was going to be her only option. "I came back to go to school, get a job, and try to get a better life for my children," Watson said. But finding housing that was affordable and could also accommodate her disability proved to be a problem. Watson is hearing-impaired and told her story through interpreter Crystal Blue of the Society for Helping Church. Then came the break-through: CPM Housing Group had a unit designed especially for hearing-impaired occupants at Walnut Hill West, a newly-renovated affordable apartment complex in West Philadelphia. And the rest is history! Brian Hudson, Executive Director of Pennsylvania Housing Finance Agency (PHFA) spoke about PHFA’s longstanding relationship with CPM, and CPM’s history of using its resources to help those who need it most. Congressman Chaka Fattah and Councilwoman Jannie Blackwell also gave testament to CPM’s work and what it has meant to both this West Philadelphia neighborhood and across the City. Jill Fink, Executive Director of Back on My Feet (BoMF) Philadelphia, spoke about CPM’s new partnership with BoMF to address the housing needs of Philadelphia’s homeless. And Kenny Herder, a member of BoMF and a CPM resident at 8020 Ditman Street, spoke about his experience and what having a home means to him. ABOUT WALNUT HILL WEST These 32 affordable apartments, in 6 buildings in West Philadelphia, have been fully renovated using green design and materials aimed at enhancing both the sustainability of the project and the health of its occupants. The project also features solar panels which are expected to supply 70-75% of the power for the community room, laundry room, exterior lighting and other common areas. The $12.7 Million rehabilitation has been funded by an equity investment from PNC Bank, generated by low income housing tax credits allocated to the project by PHFA, along with soft project loans from the Redevelopment Authority of Philadelphia and PHFA. CPM is working closely with the Veteran’s Administration and Back on My Feet to provide housing for a diverse, but vulnerable group of individuals and households. Just blocks from a Fresh Grocer and the 56th Street El stop, Walnut Hill West Apartments are in an ideal location in the heart of a thriving community. Through this green and low income housing tax credit rehabilitation, Walnut Hill West will now provide affordable homes for the most vulnerable for the next 30 years. The project is currently awaiting certification under the USGBC LEED® for Homes™ Program and Enterprise Green Communities. Labels: energy efficiency, Enterprise Green Communities, LEED, LIHTC, preservation, rehabilitation, ribbon-cutting, Walnut Hill West, West Philadelphia $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 Read About Us in American Builders Quarterly Wednesday, August 01, 2012 A quick read, and an excellent snapshot of what we do and why it’s important. Read the full article... Labels: energy efficiency, historic, LEED, preservation, rehabilitation, Temple I, Temple II Solar Panels Installed at Walnut Hill West Today! Wednesday, July 25, 2012 1260's first solar panels were installed today at Walnut Hill West - a 32-unit preservation project in West Philadelphia.  According to David Hahn, Director of Construction, this 15 KW system is estimated to produce 70-75% of the power for all common areas, including the community room, laundry facilities, office, and hallways. Walnut Hill West is registered under the LEED® for Homes™ Program. Construction is expected to wrap up in the next few months. Labels: energy efficiency, Enterprise Green Communities, LEED, preservation, rehabilitation, Walnut Hill West, West Philadelphia 56th & Walnut Construction Updates Saturday, April 28, 2012
Construction is well underway on the preservation of 32 units of affordable housing in the heart of West Philadelphia. This project involves the substantial rehabilitation of 6 adjacent buildings, along with the additions of a common room, laundry facility, management office and additional handicap accessibility features. The project is designed to meet Enterprise Green Communities Criteria and registered under the LEED® for Homes™ Program. Construction is expected to finish in February of 2013. Here are some photo updates from the past few months:
Labels: energy efficiency, Enterprise Green Communities, LEED, LIHTC, preservation, rehabilitation, Walnut Hill West, West Philadelphia 1260 Receives Housing for Everyone Award from TD Charitable Foundation Thursday, December 15, 2011 We’re thrilled to announce that 1260 Housing Development Corporation was recently selected as a winner of TD Charitable Foundation’s 2011 Housing for Everyone competition. The TD Charitable Foundation is the charitable giving arm of TD Bank. The Housing for Everyone grant competition is one of the TD Charitable Foundation’s most widely known signature programs. The competition invites local non-profit organizations from Maine to Florida to submit proposals outlining their plans and efforts to support and provide affordable housing initiatives in their communities. This year’s Housing for Everyone theme was Building for the Future, focusing on three critical areas in affordable housing: energy efficiency, capacity building, and new unit creation. Twenty-five organizations throughout TD Bank’s footprint from Maine to Florida were awarded a $100,000 grant for a total grant donation of $2.5 million in 2011. 1260’s grant will support our efforts to increase energy efficiency in affordable housing. Specifically, these funds will contribute to a moderate rehabilitation in one of our West Philadelphia properties featuring upgrades that will improve energy efficiency, including new Energy Star labeled windows, light fixtures and kitchen appliances. All of the individuals living in this property are economically stressed and living below poverty. Many of these men and women are individuals with special needs. In 2008, 1260 and its nonprofit affiliates in the CPM Housing Group made an organizational commitment to green building. To date, eight of 1260’s affordable housing projects in Philadelphia have achieved Enterprise Green Communities designation. Two of these projects received LEED certification, including the newly dedicated Temple II North Gratz Street Development, which achieved LEED Platinum status. Our green building practices not only help to improve health and quality of life for our tenants, they have economic benefits as well. Every dollar saved in monthly utility bills means additional income for our tenants. We hope this savings helps our tenants to achieve a greater level of independence and community participation. We are extremely grateful to the TD Charitable Foundation for supporting this important aspect of our work. Labels: energy efficiency, preservation, rehabilitation, TD Charitable Foundation, West 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 Construction Set to Begin at 56th & Walnut Thursday, July 28, 2011
 Earlier this month, 1260 was awarded an allocation of Pennsylvania Low Income Housing Tax Credits for the preservation of these 32 units of affordable housing at 56th and Walnut Streets in West Philadelphia.
With the tax credit equity, 1260 will substantially rehabilitate the property and add a common room, laundry facility, management office and additional handicap accessible units, which will produce attractive, safe affordable housing in this up-and-coming neighborhood. Construction should begin in December with completion expected by late winter 2013. Labels: historic, LIHTC, preservation, rehabilitation, Walnut Hill West, West Philadelphia 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 Chandler Street to Provide Affordable Housing for Individuals with Disabilities Wednesday, November 03, 2010
 All units will receive updated appliances, low-flow plumbing fixtures, and extra ceiling insulation. In addition, one unit is being converted to a wheel-chair accessible unit, complete with roll-in shower and an ADA-compliant kitchen. A new ramp is being built to offer more convenience and accessibility for those living on the basement level. We expect work to progress through the winter months and for the building to be ready for occupancy in the spring of 2011. Labels: HUD 811, Northeast Philadelphia, preservation, rehabilitation Temple I - North 16th Street Project Nears Completion Monday, November 01, 2010 1260's Temple I project is nearing completion, and many residents will be settled back into their homes before the holidays! In fact, 15 of the units will be ready for occupancy just after Thanksgiving, with the balance of the units expected to be ready for leasing during the months of December and January.   Residents returning to their units will enjoy the gorgeous new hardwood floors, updated kitchens, additional windows to increase day-lighting, as well as a number of energy-efficient improvements such as extra insulation, low-flow plumbing fixtures, Energy-Star Low E argon filled replacement windows, and a white roof system to reduce heat island effect. Designed to qualify for LEED® certification, the historic rehabilitation of these 22 town homes will preserve a total of 58 units of affordable family housing in North Philadelphia. Just around the corner from these units, construction will soon be underway at 1260's Temple II project, which will preserve another 40 units of affordable family housing on the 1500 block of North Gratz Street. Labels: historic, LEED, preservation, rehabilitation, Temple I 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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