March 8, 2023 – Today, HumanGood hosted a groundbreaking ceremony for Janney Apartments, a new affordable housing community in the Philadelphia neighborhood of Port Richmond. The community will consist of 47 one-bedroom apartments for seniors 62 years and older, five of which will be reserved for homeless or formerly homeless individuals. Six units will be handicapped-accessible, and two units will be fully equipped for residents that are hearing or visually impaired. Janney Apartments will meet the Enterprise Green Communities and Zero Energy efficiency standards.
The development will replace an approximately 13,000 square-foot vacant lot bounded by Janney Street to the northwest, East Auburn Street to the southwest, and Weikel Street to the southeast. Designed by Kramer & Marks Architects and being built by Domus Inc., the project will total 48,000 square feet. Janney Apartments will be one of nearly 100 HumanGood affordable housing communities for seniors throughout California, Washington State, Pennsylvania, Oregon and Delaware.
“Nearly one in four older adults in Philadelphia live in poverty*,” said Jennifer Kappen, senior vice president, HumanGood. “We are grateful for the opportunity to meet our goal of continuing to provide affordable senior housing in the markets we serve.”
A combination of low-income housing tax credits, PHARE funds from PHFA, HOME funds from the city of Philadelphia, capital magnet funds and foundation funds from the sponsor were used to fund the construction of the entire building. TD Bank provided funding for the construction of Janney Apartments.
The construction is anticipated to take 14 months. The building is scheduled to open in the Spring of 2024.
*Source: SeniorLAW Center, https://seniorlawcenter.org/about/