Project Home affordable housing development starts taking shape on North Broad
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Groundbreaking ceremonies Tuesday mark the start of construction on an affordable housing development on North Broad Street in Philadelphia. (Tom MacDonald/WHYY)
Following groundbreaking ceremonies Tuesday, construction is underway on a major development to help people find permanent housing in Philadelphia.
The development at 2415 North Broad St. will feature 88 affordable units, built and managed by Project Home and funded in part by the Middleton Partnership.
Phillies part-owner John Middleton said the investment could represent a first step for those who want to make big changes.
“They have the strength and courage to seize on as many opportunities as they can to change the trajectory of their lives for the better,” he said.
Project Home clients and those on the Philadelphia Housing Authority’s long waiting list will benefit, said Kelvin Jeremiah, PHA executive director.
“PHA’s investment in this project will be approximately $876,000 annually or $17.5 million over the first term of the contract, which is 20 years,” he said.
The building is expected to be completed by next year.
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