Housing project for elderly gays gets OK in Philly

Developers plan to break ground next month on a $20 million affordable housing project for elderly gays now that it has received the necessary state, federal and local approvals and funding has been secured, officials said Thursday. The project had long been stalled before receiving tax credits earlier this year from the Pennsylvania Housing Finance Agency. The Dr. Magnus Hirschfeld Fund, which is spearheading the project, said in a statement that the project has received all federal, state, and local agency approvals and building permits, and plans to break ground in late October. Wells Fargo Bank also has signed on as an investor, tax credits have been allocated and all funding for the project has been secured, the group said. The new six-story building will include 56 one-bedroom units that will be available to seniors who are 62 and over.

timesonline.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s