Affordable Housing and Housing Preservation
The Nicetown CDC Housing Strategy is designed to ensure equitable and affordable housing for low to moderate income residents. It also has a priority to stabilize, improve and preserve existing housing stock.
Nicetown Court I & II
The NTCDC’s first major housing developments- the award-winning Nicetown Court I & II are low-income housing tax credit projects, (LIHTC) that attracted nearly $40 million in investment. Nicetown Court I was completed in December 2012, and immediately leveraged the development of Nicetown Court II directly across the street from the historic Wayne Junction train station. The transformation of this multi-modal, transit-centered gateway is iconic and includes City Council and State Senate District Offices and headquarters of the NAACP. Tempe University Physicians Inc. and Sister Muhammad’s Kitchen are also anchor tenants in the mixed-use developments. SEPTA’s redevelopment has established safer, more accessible travel locally, throughout the City, and all along the eastern region. These developments have proven to be the catalyst to neighborhood revitalization in Nicetown and adjacent neighborhoods in Germantown and Northwest Philadelphia.
The NTCDC believes that budget and housing counseling and home maintenance workshops are effective tools to prequalifying first-time homeowners. This also applies to those who rent their homes. We conduct financial literacy workshops, referrals, and provide other tools to assist in obtaining a mortgage and a successful settlement. The NTCDC believes these are key components to providing affordable, equitable and sustainable housing.
We conduct financial literacy workshops, referrals, and provide other tools to assist in obtaining a mortgage and successful settlement. The NTCDC believes these are key components to providing affordable, equitable and sustainable housing.