1260 Housing Development Corporation 1260 Housing Development Corporation is a member of CPM Housing Group

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Temple II: North Gratz Street
Philadelphia, Pennsylvania

Description

  • Historic restoration of 29 townhome buildings in North Philadelphia
  • Integral part of North Philadelphia neighborhood revitalization efforts
  • 40 spacious affordable apartments for families
  • Accessible units (mobility and visual/hearing)
  • LEED® Platinum Certified
  • Enterprise Green Communities

Owner
Arch VI Temple N. Gratz Street, L.P.

Developer
1260 Housing Development Corporation


 
Architect
Kramer/Marks Architects

General Contractor
Columbus Property Management & Development, Inc.

Management
Columbus Property Management & Development, Inc.

Funding Partners

  • U.S. Department of the Interior, National Park Service
  • Pennsylvania Housing Finance Agency
  • Pennsylvania Historical and Museum Commission
  • Redevelopment Authority of the City of Philadelphia
  • M&T Bank
  • Firstrust Bank
  • Federal Home Loan Bank of Pittsburgh
  • Federal Home Loan Bank of New York
  • Enterprise Community Investment, Inc.
  • Enterprise Green Communities Offset Fund
  • Community Lenders CDC

The Challenge
These 40 units of affordable family housing were originally renovated over 20 years ago by National Temple, LP III. After years of mismanagement and neglect, the buildings had become an eyesore and source of neighborhood problems. At the request of the equity investor, 1260 stepped to stabilize operations and preserve long-term affordability of the project.

The Solution
The restoration of these 29 certified historic townhomes is a part of a larger plan to revitalize this North Philadelphia neighborhood. As a certified LEED® Platinum project, the sustainable design features of this project directly impact the sustainability of the surrounding community. Not only do the native vegetation and run-off swales reduce flooding and add natural beauty to the environment, but the energy savings the tenants 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. In addition, the no-VOC interiors and extra day-lighting provide immeasurable health benefits to the residents and their children.


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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2042-48 Arch Street, 2nd Floor       Philadelphia, PA 19103       Ph: 215.557.8484       TTY: 215-496-0321       Email: ContactUs@columbuspm.org  
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