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State Funds 219 Rental Housing Units in Five Counties

HARRISBURG, PA-Among the recipients of the more than $9.5 million in loans and tax credits is Anthony Wayne Senior Housing, a historic, four-story structure in South Philly that will be converted into 39 rental units.

By Marita Thomas | Updated on November 17, 2003

HARRISBURG, PA-Pennsylvania Housing Finance Authority hands out a little more than $9.5 million in loans and tax credits for the development of rental housing facilities in five counties: Philadelphia, York, Franklin, Lycoming and Warren. The five properties will contain an aggregate of 219 units and have a total value, when complete, of more than $23.6 million.

The historic, four-story, 50,895-sf structure at 1701 South 28th St. in Philadelphia will be renovated and converted into Anthony Wayne Senior Housing, a 39-unit complex for persons aged 62 and older. The state is providing $802,641 in funds and $454,605 in tax credits; JER Hudson Housing Capital is making an equity contribution of about $4.4 million from its tax credit syndication proceeds, and the city is kicking in another $1.3 million from community development block grant and home investment partnership program funds.

PHFA is providing $3.4 million in funds and $752,188 in tax credits to build York Commons, a 102-unit complex in five three-story buildings on 11 acres at 2406 Cape Horn Rd., in York Twp. The complex will total 103,910 sf, including 780 sf of community space.

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