Affordable Housing and Housing Preservation

Intended to restore and preserve existing housing.

Nicetown Court I & II

The NTCDC’s first major housing developments- Nicetown Court I & II are low-income housing tax credit projects, (LIHTC) that brought in more than $30 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. This multi-modal, transit centered gateway allows riders to travel locally, throughout the City, and all along the eastern region. These major developments have proven to be the catalyst to neighborhood revitalization in Nicetown and adjacent neighborhoods in Germantown and Logan and throughout Northwest Philadelphia.

Homeowner’s Club

The NTCDC believes that budget and housing counseling are effective tools to prequalifying first-time homeowners. This is not exclusive to those seeking a mortgage, but also those who will be renting. The NTCDC initiated homeowner literacy in 2012, prior to the development of Nicetown Court I. We continue financial literacy workshops, referrals, and in-depth education regarding how to obtain a mortgage and successful settlement. The NTCDC believes these are key components to sustainable and equitable housing programs.

 

Wingohocking Street Project

The Nicetown CDC continues with its priority on blight removal and housing preservation with two properties adjacent to Nicetown Court II. These properties were sitting for two decades open to the elements and illicit activities. We have partnered with Youthbuild Charter School Construction program to redevelop these properties for homeownership. The properties will be certified LEED Platinum, which will result in the highest levels of energy efficiency.

5 Year Plan

The NTCDC has a 5-year plan to rehab and preserve 50 existing homes, and build 100 new units of affordable housing for rental and homeownership. These housing units will incorporate energy efficient and “green” materials to conserve energy and reduce utility costs for residents.