High-rise commercial buildings

Sub Markets

Property Sectors

Topics

National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
National  + Pennsylvania  + Finance  | 

Liberty52 Supportive Housing Rises in Philly

Liberty Housing Development Corp. (LHDC) broke ground Friday on Liberty52: Stephen F. Gold Community Residences in Philadelphia. Rising on vacant city-owned land, the 24-unit project will provide permanent supportive housing for individuals transitioning from the nursing home with physical disabilities, individuals with intellectual disabilities, and seniors age 55+.

“The building once completed will be a beacon for accessibility and our Independent Living movement for people with disabilities,” said Bianca Wallidin, LHDC executive director. The project sponsor is the development arm of nonprofit Liberty Resources and Philadelphia’s Center for Independent Living.

Liberty52 is a 9% low-income housing tax credit deal with multiple sources of funding. They include the ARC of Philadelphia, the City of Philadelphia Division of Housing and Community Development, Federal Home Loan Bank of Pittsburgh, LISC, the Philadelphia Housing Authority, Philadelphia Redevelopment Authority, PHFA, Raymond James, TD Bank and TD Charitable Foundation. It’s expected to open later this year.

The Connect Apartments Conference will take place June 20, 2019 in Los Angeles. For more information, or to register, click here.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With LHDC

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Development
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action