Mission First Housing Group developed the Partnership Preservation Initiative project (PPI) which was used for the rehabilitation of 92 units of housing, among 13 buildings, thereby extending the useful life of these properties as affordable housing. The PPI project included the preservation of 4 expired tax credit projects. The entire Preservation Initiative rehabilitated all 92 units, none of which have had major renovation work in the past 15 years.
Whitemarsh-Ridge Associates 2012 LP
Whitemarsh Senior Village is a fully constructed residential community comprised of 62 units of affordable senior housing on East Ridge Pike in Whitemarsh Township. The property has 4 two-bedroom units and 58 one-bedroom units in a three story, mid-rise elevator serviced building. All units are Low-Income Housing Tax Credit (LIHTC) available for seniors whose household incomes range from 20%-60% of the Area Median Income (AMI). The property is being professionally managed by S.H.N.I.R. Apartment Management Corporation, which is wholly-owned by Israel Roizman of Roizman Development, Inc.
Community Lenders has helped the YWCA Tri-County Area located in Pottstown to acquire a building that will house its administrative offices and adult education programs. By moving the administrative staff into the new three story office building that is located across the street from their current facility, the YWCA can create the much-needed additional classrooms to grow the Head Start programs.
The mission of Community Lenders is to provide long-term financing to organizations that work to improve their communities. We help mission-driven organizations in Berks, Bucks, Chester, Delaware, Lehigh, Montgomery, Northampton and Philadelphia Counties by making competitive loans with favorable terms that ultimately build their communities. By pooling loan money, our 30 member banks are able to share in the risk while helping build a stronger community.
Habitat for Humanity of Montgomery County, PA has its ReStore at 533 Foundry Road in West Norriton. The ReStore sell new and used building materials to the public at discounted prices. Shoppers find appliances, furniture, lighting, flooring, cabinets, tile, carpet, lumber, doors and more all in 8,000 square feet of retail space.