Philadelphia, Pennsylvania
- Historic restoration of 22 townhome buildings in North Philadelphia
- Integral part of neighborhood revitalization efforts
- 58 spacious affordable apartments for families
- LEED® Gold certified
- Enterprise Green Communities
- 3 accessible apartments (mobility and/or hearing/visual
- 9 rent-subsidized units for families with disabilities eligible under HUD Section 811
Arch V Temple N. 16th Street, L.P.
1260 Housing Development Corporation
Kramer/Marks Architects
Columbus Property Management & Development, Inc.
Columbus Property Management & Development, Inc.
- U.S. Department of Housing and Urban Development
- U.S. Department of the Interior, National Park Service
- Pennsylvania Housing Finance Agency
- Pennsylvania Historical and Museum Commission
- Beneficial Bank
- M&T Bank
- Firstrust Bank
- Federal Home Loan Bank of Pittsburgh
- Federal Home Loan Bank of New York
- Enterprise Green Communities Offset Fund
These 58 units of affordable family housing were part of an expiring tax credit project acquired from
National Temple, LP III in April of 2006. After years of mismanagement and neglect, the buildings were
deteriorated and in desperate need of major renovation.
1260 refinanced the project using the American Recovery and Reinvestment Act Tax Credit Exchange program
to obtain a loan from the Pennsylvania Housing Finance Agency. Additional funding comes from the Federal
Home Loan Banks of Pittsburgh and New York’s Affordable Housing Program funds, U.S. Department of Housing
and Urban Development Section 811 Program Capital Advance funds, and Historic Tax credits.
The restoration of these 22 certified historic townhomes has preserved 58 units of affordable
housing for families and is a part of a larger plan to revitalize the North Philadelphia neighborhood.
In addition, the project is LEED® Gold certified. Sustainable design elements 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.
The 'LEED® Certification Mark' is a registered trademark owned by the U.S. Green Building Council® and is used with permission.
Leasing Information
Columbus Property Management & Development, Inc.
2042-48 Arch Street, 2nd Floor
Philadelphia, PA 19103
215-557-8484
apartments@columbuspm.org
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