2 New Loans Provide Affordable Housing Opportunities in Northeast Philadelphia. Community Lenders was able to provide 1260 Housing Development Corporation (1260 HDC) with 2 loans in December 2009 that helped finance the purchase of 2, 3-story buildings in the Northeast neighborhood of Philadelphia. 1260 HDC will be able to provide low-income residents with physical and mental disabilities with 57 affordable home unit opportunities.