"West Philly's Brith Sholom House Gets a New Lease on Life with $50M Public-Private Deal"
A groundbreaking deal between the city and local building unions has secured $50 million in funding to revamp the dilapidated Brith Sholom House, a 336-unit senior living complex in West Philadelphia. The project aims to transform the decades-old property into a safe and healthy space for hundreds of low-income seniors who have been fighting for better conditions.
The partnership between the Philadelphia Housing Authority (PHA) and the Philadelphia Building and Construction Trades Council will provide necessary funding to pay off outstanding debt, repair damaged units, and update common areas. The project is part of Mayor Cherelle Parker's $2 billion H.O.M.E initiative, which seeks to create or preserve 30,000 housing units across the city.
The loan agreement, fully guaranteed by the city, comes with a 15-year repayment period at an interest rate of 4.5%. PHA CEO Kelvin Jeremiah described the building as "deplorable" and said he had second thoughts about purchasing it due to its dire living conditions, including rodent infestation, leaking sewage, and inadequate lighting.
The renovation plan will include gut rehabbing the entire complex, creating hundreds of union jobs in the process. The renovated units will be available to seniors over 55 with low and fixed incomes, as well as a new healthcare center.
Curtis Jones Jr., City Councilmember for the Wynnefield Heights district, expressed concern about the living conditions at Brith Sholom, citing instances where residents had to navigate through darkness using their cellphones. He emphasized that vulnerable populations like veterans and people with disabilities should not be forced into the "fourth quarter of their life" in such substandard conditions.
While some critics have raised concerns about PHA's strategy of purchasing existing properties over new construction, Parker sees this approach as a more cost-effective way to expand public housing options. With $800 million in bonds supporting her H.O.M.E initiative, Parker believes that the plan will deliver 20,000 affordable units across the city.
The deal was praised by City Council President Kenyatta Johnson, who emphasized the importance of collaboration between the Philadelphia Building Trades and the city. The project is set to break ground later this year with completion expected in 2028.
A groundbreaking deal between the city and local building unions has secured $50 million in funding to revamp the dilapidated Brith Sholom House, a 336-unit senior living complex in West Philadelphia. The project aims to transform the decades-old property into a safe and healthy space for hundreds of low-income seniors who have been fighting for better conditions.
The partnership between the Philadelphia Housing Authority (PHA) and the Philadelphia Building and Construction Trades Council will provide necessary funding to pay off outstanding debt, repair damaged units, and update common areas. The project is part of Mayor Cherelle Parker's $2 billion H.O.M.E initiative, which seeks to create or preserve 30,000 housing units across the city.
The loan agreement, fully guaranteed by the city, comes with a 15-year repayment period at an interest rate of 4.5%. PHA CEO Kelvin Jeremiah described the building as "deplorable" and said he had second thoughts about purchasing it due to its dire living conditions, including rodent infestation, leaking sewage, and inadequate lighting.
The renovation plan will include gut rehabbing the entire complex, creating hundreds of union jobs in the process. The renovated units will be available to seniors over 55 with low and fixed incomes, as well as a new healthcare center.
Curtis Jones Jr., City Councilmember for the Wynnefield Heights district, expressed concern about the living conditions at Brith Sholom, citing instances where residents had to navigate through darkness using their cellphones. He emphasized that vulnerable populations like veterans and people with disabilities should not be forced into the "fourth quarter of their life" in such substandard conditions.
While some critics have raised concerns about PHA's strategy of purchasing existing properties over new construction, Parker sees this approach as a more cost-effective way to expand public housing options. With $800 million in bonds supporting her H.O.M.E initiative, Parker believes that the plan will deliver 20,000 affordable units across the city.
The deal was praised by City Council President Kenyatta Johnson, who emphasized the importance of collaboration between the Philadelphia Building Trades and the city. The project is set to break ground later this year with completion expected in 2028.