Success Stories

Grand Opening of Shepherd's Crossing

Shepherd's CrossingOn December 3, 2015, members of the McKonly & Asbury affordable housing team had the privilege of attending the grand opening and ribbon cutting ceremony for Shepherd’s Crossing in Mechanicsburg, Pennsylvania. This development brings affordable workforce housing to residents in Hampden Township, Cumberland County. Monarch Development Group, LLC and Cumberland Perry Housing Initiatives, Inc. partnered to complete this development.

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Ribbon Cutting for Mountain View Terrace

 

Welsh MountainOn November 10, 2015, members of the McKonly & Asbury affordable housing team had the privilege of attending the ribbon cutting ceremony for Mountain View Terrace in New Holland, Pennsylvania. This development brings an affordable housing option to seniors in northeastern Lancaster County. Welsh Mountain Home, Landis Communities, and Housing Development Corporation MidAtlantic partnered to complete this development.

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Welcome.Home.

Mission FirstThe evening of October 1, 2015, brought forth hundreds of community partners, funders, supporters, and community leaders in support of Mission First Housing Group at their “Welcome.Home.” event. Members of McKonly & Asbury’s Affordable Housing Team had the opportunity to attend. The Welcome. Home. event took place at World Café Live in Philadelphia. The festivities included food, drinks, and a silent auction. 100% of the net proceeds from the event will go directly to support housing and services for vulnerable populations.

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One Developer's Success Story for Reducing Emergency Room Visits Among Senior Residents

HospitalPresbyterian Apartments, an affordable housing development located in Harrisburg, Pennsylvania and included in Presbyterian Senior Living's affordable housing portfolio, has reduced visits to the emergency room by its residents by 50%. Presbyterian Senior Living partnered with a local health care system to create an innovative plan that has significantly reduced not only emergency room visits, but also hospital admissions. Read Presbyterian Senior Living's case study about this plan here

If you would like to have a development considered for our Success Stories series, please e-mail affordablehousing@macpas.com.


Ribbon Cutting for South Side Lofts, Bethlehem, Pennsylvania

South Side Lofts Ribbon Cutting.jpegOn October 28, 2014, the Affordable Housing Gurus had the opportunity to attend the ribbon cutting ceremony for South Side Lofts in Bethlehem, Pennsylvania. South Side Lofts is an affordable housing artist community developed by Housing Development Corporation MidAtlantic (HDC) and funded through the low-income housing tax credit program. Two blighted buildings were demolished and a century-old church was adaptively reused to create two buildings containing a total of 46 1-, 2-, and 3-bedroom apartments. An art gallery and workspace are among the features in this apartment community. One of the residents, Jenna O’Connell, was on hand at the ribbon cutting and was displaying some of her artwork. HDC provided Jenna’s story: 

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Breaking Ground for Mountain View Terrace

IMG_0937On September 22, 2014, members of the McKonly & Asbury affordable housing team had the privilege of attending the groundbreaking ceremony for Mountain View Terrace in New Holland, Pennsylvania. This development will bring an affordable housing option to seniors in northern Lancaster County. The development will be in a lovely rural setting, with transportation service to local amenities. Welsh Mountain Home and Housing Development Corporation MidAtlantic (HDC) are partnering to develop the 36 unit apartment building. As Sharlene Woodruff from HDC stated it’s, “another great start to a new project that many new residents will call home.” For additional information visit Welsh Mountain Home’s web-site.

McKonly & Asbury is a leader in accounting and consulting for affordable housing developments in Pennsylvania. For more information, please visit our web-site or contact Elizabeth Harriger at eharriger@macpas.com.


Philadelphia Nonprofit Developer Awarded $3 Million for Energy Efficient Affordable Housing

BlueawardribbonA Philadelphia non‐profit developer was awarded $3 million from HUD to
upgrade 166 affordable housing units across Philadelphia and make them 20% more energy efficient.

Columbus Property Management and Development, Inc. (CPM) won a grant from the U.S. Department of Housing and Urban Development through its Energy Innovation Fund (EIF) to bring energy innovation and cost savings to
affordable housing residents in North, West, South and Northeast Philadelphia. Community Environmental Center, Inc., in Long Island City, New York, also won $3 Million in the Applied Research category, with seven others in this category receiving smaller grants.

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Affordable Housing Success Story - Temple II North Gratz, Philadelphia, Pennsylvania

6a00d835360fa069e20162fc119d86970d-120wi1260 Housing Development Corporation and the CPM Housing Group are pleased to announce the completion of the Temple II N. Gratz Street Project – the rehabilitation of 40 affordable housing units in 29 historic brownstone buildings on the 1500 Block of N. Gratz Street. A ceremony to commemorate the opening of the project will be held on the site at 11:00 AM on Thursday, November 3, 2011. More details, directions, and registration for this event are online at www.celebratetemple2.eventbrite.com. The event is free and open to the public, but registration is required.

The Project is expected to receive LEED for Homes® Platinum certification which highlights 1260’s commitment to environmental stewardship and the long-term health of its residents, and are part of the larger plan to revitalize the surrounding neighborhood. David Hahn, Director of Construction, explains, “The cost savings that tenants will realize in their energy-efficient units (with extra insulation, Energy-Star appliances, and high-efficiency plumbing) will allow for more discretionary income to be spent in the community.”

Development funding for the Project was provided by Pennsylvania Housing Finance Agency, the Redevelopment Authority of the City of Philadelphia, Enterprise Community Investment, Inc., Firstrust Bank, Community Lenders Community Development Corporation, Federal Home Loan Bank of Pittsburgh (through Firstrust Bank), Federal Home Loan Bank of New York (through M&T Bank) and The Reinvestment Fund. Rental subsidies for the Project are provided by the Philadelphia Housing Authority and the Department of Housing and Urban Development. Temple II N. Gratz will also receive funding through the sale of carbon offset through the Enterprise Green Communities Offset Fund. This is the first domestic offset program supporting carbon reducing efforts through green affordable housing. Enterprise will purchase carbon emissions reductions from this project which will be retired, measured and verified over the next ten years.

Sustainable design elements of the Project include: Forest Stewardship Council (FSC) certified lumber; additional insulation in exterior walls; no Volatile Organic Compound (VOC)-emitting finishes or adhesive materials; high efficiency plumbing fixtures; high recycled content building materials and Energy Star and hydrochlorofluorocarbon (HCFC)-free mechanical systems. New Energy-Star Low E argon filled replacement and new windows increase day-lighting. A white roof system helps reduce the “heat island” effect. All site work was conducted in a manner to minimize disturbance of native vegetation and soil within the construction area. Best Management Practices of erosion and sedimentation controls were used, and a construction waste recycling program diverted 85% of the waste from landfills to recycling facilities. 

About 1260 Housing Development Corporation

1260 Housing Development Corporation (1260) is a 501(c)(3) Pennsylvania nonprofit corporation with a mission of providing high quality affordable housing with housing related services to low income individuals with a focus on individuals with behavioral health challenges in the City of Philadelphia. Since 1988, 1260 has developed over 1,200 units of affordable housing in Philadelphia. 1260 is a member of CPM Housing Group, a group of nonprofit companies with more than 20 years of experience in developing and managing affordable rental housing for low-income individuals. The CPM Housing Group currently operates more than 2000 units of affordable rental housing in the mid-Atlantic region.

About LEED® for Homes

LEED® for Homes is a third-party certification system for building and designing high-performance green homes that are energy-and resource-efficient and healthy for its occupants. Developed and administered by USGBC, LEED for Homes awards points to projects in eight categories of environmental performance: Innovation & Design Process, Location & Linkages, Sustainable Sites, Water Efficiency,
Indoor Environmental Quality, Energy & Atmosphere, Materials & Resources, and Awareness & Education. Homes can become LEED Certified, Silver, Gold, or Platinum.