FY 96 Homeownership Zone
Philadelphia, Pennsylvania

AMOUNT OF AWARD:

Homeownership Zone Grant — $5,520,000
Section 108 Loan — $18,000,000

NEW HOMEOWNER UNITS:

293 (214 new construction, 79 rehabilitation)

PROPOSED COMPLETION:

May 2008

HOMEOWNERSHIP ZONE SITE:

The Cecil B. Moore Homeownership Zone (HOZ) is a 64 acre area located in North Central Philadelphia next to Temple University. The area is just a few miles from the Central Business District. It is bounded by Montgomery Avenue on the north, North Bouvier Street on the east, Master Street on the south, and North 20th Street on the west. At the time of the Homeownership Zone designation, the area had experienced significant population loss and disinvestment. Many properties were vacant or substandard. However, the area also had community assets, in particular committed faith-based organizations and educational institutions.

PROGRAM DESCRIPTION:

Philadelphia's Homeownership Zone proposal calls for the comprehensive transformation of the area through new construction and rehabilitation. Most substandard properties are targeted for redevelopment. New homeownership housing is being built in five phases. Three historic homes are also being renovated. The new construction reflects the traditional row-house design that is common in this part of the City.

FUNDING:

PARTNERS:

PROJECT OUTCOMES:

Underway

INNOVATIONS:

Underway

BEST PRACTICES:

Underway

LESSONS LEARNED:

Underway

AWARDS AND RECOGNITIONS:

Underway

Additional Information

• Project Contact
• MAP
• PICTURES