Pentecostal Square The Ingerman Group has made a huge impact in the city of Chester by constructing a beautiful 70 unit affordable senior housing apartment complex in partnership with First Pentecostal Holy Church. This new facility provides a safe, clean environment for the area seniors.
2 New Loans Provide Affordable Housing Opportunities in Northeast Philadelphia. Community Lenders was able to provide 1260 Housing Development Corporation (1260 HDC) with 2 loans in December 2009 that helped finance the purchase of 2, 3-story buildings in the Northeast neighborhood of Philadelphia. 1260 HDC will be able to provide low-income residents with physical and […]
Our loan to Community Action Agency of Delaware County (CAADC) paid off the construction loan for a single family home in Sharon Hill Commons in Sharon Hill, Pa. CAADC rents the home to a family that falls beneath the area median income for Delaware County, with the hopes that the family will eventually be able […]
Permanent, independent housing for low-income individuals and adults with disabilities. Our loan to Arch III Associates helped finance renovations of Powelton Gardens, a 16-unit building housing low-income individuals, some of whom have mental or physical disabilities. Most of the project was funded by a tax credit syndication—Community Lenders closed the gap to provide the rest […]
Group homes for adults with developmental disabilities. BARC purchased two houses that serve as group homes for adults with developmental disabilities. The single-family homes, which are located in Sellersville, Pa., and Hilltown, Pa., are home to as many as 11 adults who receive support and services from BARC. Based in Holicong, Pa., BARC is a […]
Townhouses for Low to Moderate Income Individuals. Community Lenders was able to assist Better Homes, Inc. of Bucks County (BHI) by refinancing Silverlake Plaza Apartments, which contains 15 townhouses. BHI is a Community Housing Development Organization and has been a developer of affordable housing for over 25 years. BHI has rehabilitated and sold nearly 100 […]