PHILADELPHIA –A senior housing company has secured $10 million in tax-credit financing to build a 60-unit seniors project on Alleghany Avenue here.
NewCourtland is receiving the funding from the Pennsylvania Housing Finance Agency. The funding will help the organization build a seven-story apartment building at the former Stanley Blacker suit factory on 19th Street in North Philadelphia. The senior housing development will be the second phase of a planned campus for elderly housing and health care, according to the Inquirer.
A NewCourtland spokeswoman says construction of the apartment building, which is expected to include a senior center on the first floor, as well as some retail space, may not get started until early next year. The project will take approximately 18 months to complete. See story in the Inquirer.
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