Despite its history, the area has become a destination for developers who see opportunity in land long undervalued and neglected.
“Market-rate housing is proliferating in this area because people understand the proximity to Center City, to Broad Street and to transit is very desirable,” Clarke noted.
Philadelphia Housing Authority head Kelvin Jeremiah, also present at the groundbreaking, said the project represents progress toward the city’s pressing housing goals. The investment is a start but much more is needed, he noted.
“We have seen an incredible disinvestment in affordable housing over the last 40 to 50 years. And for us to meet that demand to build the 70,000 or so units, it requires real investment,” Jeremiah said.
Jeremiah echoed past calls he’s made for more money from city, state and federal sources, and pushed for passage of the Biden Administration’s Build Back Better program, which would help fund cutting down the backlog.
The Berks Street building will include 38 one-bedroom units and six two-bedroom units for those 65 and older at or below 60% of the city’s median income.